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Dec 31, 2019
Intermex Q4 2019 Earnings Report
Intermex reported Q4 2019 results with revenue increase and improved profitability.
Key Takeaways
Intermex reported a 10.9% increase in revenue for Q4 2019, alongside a rise in net income and adjusted EBITDA, driven by efficiency initiatives.
Revenues grew 10.9% versus the prior year period as industry volumes moderated.
Net Income totaled $5.3 million, compared to $4.9 million in the fourth quarter of 2018.
Basic and Diluted Earnings per Share of $0.14 compared to $0.13 in the fourth quarter of 2018.
Adjusted EBITDA increased by 22.6% over the prior year fourth quarter to $14.1 million as the Company grew revenues and executed key efficiency initiatives.
Forward Guidance
The company introduced 2020 Financial Guidance range for revenue of $340 million to $355 million and Adjusted EBITDA of $62 million to $66 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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