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Sep 30, 2023
Intermex Q3 2023 Earnings Report
Intermex reported strong quarterly results, while continuing to invest in growth opportunities.
Key Takeaways
Intermex reported strong Q3 2023 results, beating market consensus for revenue. Revenue increased by 22.5% to $172.4 million. Net income was $14.8 million, a decrease of 10.8%. Adjusted EBITDA grew 14% to $31.7 million.
Total revenues increased by 22.5% to $172.4 million.
Unique, active customers increased by 35.1% to 4.0 million.
Money transfer transactions increased by 25.7% to 15.4 million.
Digital transactions grew by 62.9%.
Forward Guidance
The Company is providing fourth-quarter guidance:
Positive Outlook
- Revenue of $170.0 million to $181.0 million, up 10% to 17%.
- Diluted EPS of $0.43 to $0.46, up 22% to 30%.
- Adjusted Diluted EPS of $0.51 to $0.54, up 6% to 12%.
- Adjusted EBITDA of $31.4 million to $33.4 million, up 8% to 15%.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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