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Mar 31, 2024
Intermex Q1 2024 Earnings Report
Intermex reported a record-breaking first quarter with strong double-digit earnings growth, driven by revenue growth and efficient execution of its omnichannel strategy.
Key Takeaways
Intermex reported strong operating results for the first quarter of 2024, with a 3.5% increase in revenues to $150.4 million and a 2.9% increase in net income to $12.1 million. Diluted EPS increased by 12.9% to $0.35 per share, and Adjusted Diluted EPS increased by 13.2% to $0.43 per share.
Revenues increased by 3.5% to $150.4 million.
Net income increased by 2.9% to $12.1 million.
Diluted EPS increased by 12.9% to $0.35 per share.
Adjusted Diluted EPS increased by 13.2% to $0.43 per share.
Intermex
Intermex
Forward Guidance
The Company is reiterating its previously issued full-year guidance and providing second-quarter guidance.
Positive Outlook
- Full-year 2024 Revenue of $681.0 million to $701.8 million.
- Full-year 2024 Diluted EPS of $1.77 to $1.92.
- Full-year 2024 Adjusted Diluted EPS of $2.13 to $2.31.
- Full-year 2024 Adjusted EBITDA of $124.0 million to $127.7 million.
- Second quarter 2024 Revenue of $171.5 million to $176.8 million.
Challenges Ahead
- Second quarter 2024 Diluted EPS of $0.41 to $0.45.
- Second quarter 2024 Adjusted Diluted EPS of $0.54 to $0.58.
- Second quarter 2024 Adjusted EBITDA of $31.7 million to $32.7 million.