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Dec 31, 2021
Intermex Q4 2021 Earnings Report
Reported record transactions and revenues, driven by digital and emerging markets growth.
Key Takeaways
Intermex reported record fourth-quarter results, with revenues increasing by 28.1% to $127.2 million and net income increasing by 36.5% to $13.1 million. The company saw growth across all primary and emerging markets, as well as further advances in the digital sector.
Revenues increased by 28.1% to $127.2 million.
Net income increased by 36.5% to $13.1 million.
Diluted EPS increased by 32.0% to $0.33.
Adjusted EBITDA increased 27.1% to $23.8 million.
Intermex
Intermex
Forward Guidance
Intermex expects to generate another year of double-digit revenue growth, increasing 17% - 19% to a range of $537 million - $546 million. As a result, the Company expects to generate 24% - 27% growth in net income to between $58 million - $59.5 million, to generate 15% - 18% growth in adjusted net income to between $66 million - $67.5 million, and expects adjusted EBITDA growth of 15% - 18% to between $100 million - $102 million.
Positive Outlook
- Double-digit revenue growth expected.
- Net income growth of 24% - 27% expected.
- Adjusted net income growth of 15% - 18% expected.
- Adjusted EBITDA growth of 15% - 18% expected.
- Fueled by continued strong growth in remittance transactions.