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Jun 30, 2021
EVERTEC Q2 2021 Earnings Report
Reported strong second quarter results benefiting from improving consumer demand in Puerto Rico and new business implementations in Latin America, and increased annual guidance.
Key Takeaways
EVERTEC reported a strong second quarter with revenue increasing by 26% to $149.1 million. GAAP Net Income attributable to common shareholders was $49.2 million, or $0.68 per diluted share. The company is raising its full year guidance.
Revenue increased 26% to $149.1 million
GAAP Net Income attributable to common shareholders was $49.2 million or $0.68 per diluted share
Adjusted EBITDA increased 60% to $80.3 million
Adjusted earnings per common share was $0.78, an increase of 105%
Revenue by Segment
Forward Guidance
The Company is increasing its financial outlook for 2021 as follows:
Positive Outlook
- Total consolidated revenue is now anticipated between $570 million and $579 million representing growth of 12% to 13%, compared with $543 million to $552 million previously estimated
- Adjusted earnings per common share between $2.56 to $2.66 representing a growth range of 24% to 28% from $2.07 in 2020, compared with $2.25 to $2.32 previously estimated
- Capital expenditures are now anticipated to be approximately $60 million
- Effective tax rate of approximately 13% to 14%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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