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Mar 31, 2021
EVERTEC Q1 2021 Earnings Report
Delivered strong results due to volume growth, increased digital solutions in Puerto Rico, and new client contracts in Latin America, leading to an increased annual guidance.
Key Takeaways
EVERTEC reported a 14% increase in revenue to $139.5 million, a GAAP Net Income of $35.5 million or $0.49 per diluted share, and an adjusted EPS of $0.62, a 35% increase. The company is increasing its financial outlook for 2021.
Revenue increased 14% to $139.5 million
GAAP Net Income attributable to common shareholders was $35.5 million or $0.49 per diluted share
Adjusted EBITDA increased 22% to $68.9 million
Adjusted earnings per common share was $0.62, an increase of 35%
Revenue by Segment
Forward Guidance
The Company is increasing its financial outlook for 2021. Total consolidated revenue is now anticipated between $543 million and $552 million representing growth of 6% to 8%. Adjusted earnings per common share between $2.25 to $2.32 representing a growth range of 9% to 12% from $2.07 in 2020. Capital expenditures are now anticipated to be between $50 and $55 million. Effective tax rate of approximately 13% to 14%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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