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Sep 30, 2021
EVERTEC Q3 2021 Earnings Report
Reported strong third quarter results driven by robust payment volume growth in both Puerto Rico and Latin America.
Key Takeaways
EVERTEC reported a 7% increase in revenue to $145.9 million for the third quarter ended September 30, 2021. GAAP Net Income attributable to common shareholders was $35.3 million, or $0.48 per diluted share. Adjusted EBITDA decreased slightly to $69.8 million, and adjusted earnings per common share was $0.62, a decrease of 5%.
Revenue increased 7% to $145.9 million.
GAAP Net Income attributable to common shareholders was $35.3 million or $0.48 per diluted share.
Adjusted EBITDA decreased slightly to $69.8 million.
Adjusted earnings per common share was $0.62, a decrease of 5%.
Revenue by Segment
Forward Guidance
The Company is increasing its financial outlook for 2021 as follows: Total consolidated revenue is now anticipated between $574 million and $583 million representing growth of 12% to 14%, compared with $570 million to $579 million previously estimated and Adjusted earnings per common share between $2.61 to $2.66 representing a growth range of 26% to 28% from $2.07 in 2020, compared with $2.56 to $2.66 previously estimated.
Positive Outlook
- Total consolidated revenue is now anticipated between $574 million and $583 million representing growth of 12% to 14%, compared with $570 million to $579 million previously estimated
- Adjusted earnings per common share between $2.61 to $2.66 representing a growth range of 26% to 28% from $2.07 in 2020, compared with $2.56 to $2.66 previously estimated
- Capital expenditures are anticipated to be approximately $60 million
- Adjusted effective tax rate is now anticipated to be approximately 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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