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Mar 31, 2021
Intermex Q1 2021 Earnings Report
Reported double-digit growth in transactions, revenues, and net income.
Key Takeaways
Intermex reported a record first quarter with a 22.4% increase in revenues to $94.6 million, a 57.8% increase in Net Income to $9.0 million, and basic and diluted earnings per share of $0.23, up 53.3% compared to the prior-year period.
Revenues of $94.6 million, an increase of 22.4% compared with the prior-year period
Net Income of $9.0 million, an increase of 57.8%, and Basic and Diluted EPS of $0.23, up 53.3%, compared with the prior-year period
Adjusted Net Income increased 40.0% to $10.6 million and Adjusted Basic and Diluted EPS grew 40.0% and 35.0% to $0.28 and $0.27 per share, respectively, compared with the prior-year period
Adjusted EBITDA of $16.8 million, an increase of 27.4% over the prior-year period
Intermex
Intermex
Forward Guidance
The Company is reaffirming its previously issued guidance.
Positive Outlook
- Expects to generate revenue growth increasing 16% - 18% to revenue of between $414 million - $421 million.
- Expects to generate 19% - 24% growth in Net Income to between $40 million - $42 million.
- Expects Adjusted Net Income growth of between 12% - 15% to between $47 million - $49 million.
- Expects Adjusted EBITDA growth of 11% - 14% to between $76 million - $79 million.