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Sep 30, 2022
Intermex Q3 2022 Earnings Report
Intermex reported strong growth during Q3 2022, with double-digit increases in key financial performance measures.
Key Takeaways
Intermex reported a strong third quarter of 2022, marked by double-digit increases in key financial performance measures and continued market share growth. The company's success is attributed to its omnichannel business model and the recent acquisition of La Nacional, which expands its market presence.
Revenues increased by 16.6% to $140.8 million.
Net income grew by 44.5% to $16.6 million.
Diluted EPS increased by 48.3% to $0.43 per share.
Adjusted EBITDA increased by 21.5% to $27.8 million.
Intermex
Intermex
Forward Guidance
The Company is reiterating its full-year guidance compared with the full-year 2021 and 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%.