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Dec 31, 2022
Intermex Q4 2022 Earnings Report
Reported strong growth driven by double-digit increases in key financial measures.
Key Takeaways
Intermex reported strong Q4 2022 results with double-digit revenue growth and a record number of money transfer transactions. The company's omnichannel strategy and focus on fundamentals drove significant value for shareholders.
Revenues increased by 21.4% to $154.4 million.
Net income decreased slightly by 0.5% to $13.1 million.
Diluted EPS increased by 6.1% to $0.35 per share.
Net Free Cash Generated increased 24.6% to $13.7 million.
Forward Guidance
The Company provided full-year and first quarter guidance for 2023.
Positive Outlook
- Full year 2023 revenue is expected to increase by 22% to 26% compared to the prior year.
- Full year 2023 net income is expected to increase by 16% to 20% compared to the prior year.
- Full year 2023 adjusted EBITDA is expected to increase by 14% to 18% compared to the prior year.
- First quarter 2023 revenue is expected to increase by 23% to 27% compared to the prior year quarter.
- First quarter 2023 adjusted EBITDA is expected to increase by 9% to 10% compared to the prior year quarter.
Challenges Ahead
- First quarter 2023 net income is expected to decrease by (1%) to flat compared to the prior year quarter.
- Uncertainty in successfully executing and integrating key acquisitions and mergers.
- Economic factors such as inflation, labor market conditions, and rising interest rates.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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