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Jun 30, 2024
Intermex Q2 2024 Earnings Report
Reported strong earnings and margins, driven by continued execution of omnichannel strategy.
Key Takeaways
Intermex reported a strong second quarter of 2024 with record Q2 revenues and double-digit Adjusted EPS growth, driven by the execution of their omnichannel strategy and focus on efficiency.
Revenues increased by 1.4% to $171.5 million.
Net income decreased by 9.1% to $14.0 million, impacted by restructuring charges.
Diluted EPS remained flat at $0.42 per share.
Adjusted Diluted EPS increased by 10.0% to $0.55 per share.
Intermex
Intermex
Forward Guidance
The Company is revising its full-year guidance and providing third-quarter guidance:
Positive Outlook
- Full-year 2024 Revenue of $657.6 million to $677.6 million.
- Full-year 2024 Diluted EPS of $1.73 to $1.87.
- Full-year 2024 Adjusted Diluted EPS of $2.07 to $2.25.
- Full-year 2024 Adjusted EBITDA of $121.1 million to $124.7 million.
- Third quarter 2024 Adjusted EBITDA of $32.1 million to $33.1 million.
Challenges Ahead
- Third quarter 2024 Revenue of $170.6 million to $175.8 million.
- Third quarter 2024 Diluted EPS of $0.49 to $0.54.
- Third quarter 2024 Adjusted Diluted EPS of $0.57 to $0.62.