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Jun 30, 2022
Intermex Q2 2022 Earnings Report
Reported strong growth driven by industry-leading performance and double-digit increases in key financial measures.
Key Takeaways
Intermex reported a strong second quarter with double-digit increases in all key financial performance measures, continuing its four-year track record of exceptional earnings growth as a public company.
Revenues increased by 17.3% to $136.9 million.
Net income increased by 20.8% to $16.0 million.
Diluted EPS increased by 20.6% to $0.41 per share.
Adjusted EBITDA increased by 19.3% to $27.7 million.
Forward Guidance
The Company is updating full-year guidance due to better than anticipated operating results compared with full-year 2021 and now expects:
Positive Outlook
- Revenue of $542 million to $551 million, an increase of 18% to 20%.
- Net Income of $60 million to $61 million, an increase of 28% to 30%.
- Adjusted Net Income of $68 million to $69 million, an increase of 19% to 20%.
- Adjusted EBITDA of $104 million to $106 million, an increase of 20% to 22%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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