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Stock impact report

EVERTEC Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Evertec, Inc. (EVTC) 
Last evertec, inc. earnings: 2/25 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.evertecinc.com
Company Research Source: Yahoo! Finance
announced results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Highlights and Recent Highlights Revenue increased 20% to $194.6 million GAAP Net Income attributable to common shareholders was $11.5 million, or $0.17 per diluted share, a 61% decrease Adjusted EBITDA increased to $71.7 million Adjusted earnings per common share was $0.62, or a 6% decrease Closed the Sinqia acquisition on November 1 The Company intends to enter into an accelerated share repurchase (ASR) agreement for $70 million Full Year 2023 Highlights Revenue grew 12% to $694.7 million GAAP Net Income attributable to common shareholders was $79.7 million, or $1.21 per diluted share Adjusted EBITDA increased 6% to $292.0 million Adjusted earnings per common share was $2.82, or a 11% increase $49 million returned to shareholders through share repurchases and dividends Mac Schuessler, President and Chief Executive Officer stated "We are pleased to deliver a Show less Read more
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