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Dec 31, 2023
Intermex Q4 2023 Earnings Report
Intermex reported strong earnings and margins, driven by the execution of its omnichannel strategy.
Key Takeaways
Intermex reported strong Q4 2023 results, with double-digit revenue growth and outsized growth in EPS, Adjusted EBITDA, and Adjusted EPS. The company's efficient business model generated strong cash flow, allowing for investments and share repurchases.
Revenues increased by 11.2% to $171.8 million.
Diluted EPS increased by 40.0% to $0.49 per share.
Adjusted Diluted EPS increased by 21.7% to $0.56 per share.
Net Free Cash Generated increased by 25.9% to $17.2 million.
Forward Guidance
The Company is providing full year and first quarter guidance:
Positive Outlook
- Full-year 2024 Revenue of $681.0 million to $701.8 million.
- Full-year 2024 Diluted EPS of $1.81 to $1.96.
- Full-year 2024 Adjusted EBITDA of $124.0 million to $127.7 million.
- Full-year 2024 Adjusted Diluted EPS of $2.13 to $2.31.
- First quarter 2024 Revenue of $150.4 million to $155.0 million.
Challenges Ahead
- First quarter 2024 Diluted EPS of $0.32 to $0.35.
- First quarter 2024 Adjusted EBITDA of $24.4 million to $25.1 million.
- First quarter 2024 Adjusted Diluted EPS of $0.39 to $0.42.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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