CAAP - Corporación América Airports GAAP EPS of $0.20 beats by $0.12 revenue of $382.1M

2023-05-23 16:44:47 ET

• Corporación América Airports press release ( NYSE: CAAP ): Q1 GAAP EPS of $0.20 beats by $0.12 .
• Revenue of $382.1M (+48.0% Y/Y).
• Operating Income of $102.0 million, up from $51.8 million in 1Q22, mainly reflecting the YoY recovery in passenger traffic.
• Adjusted EBITDA on an “As Reported” basis increased to $140.6 million, from $89.2 million in the year-ago period, with Adjusted EBITDA margin ex-IFRIC12 expanding to 40.2% from 36.3%.
• Compared to 1Q19, Adjusted EBITDA increased 20.2%, with Adjusted EBITDA margin ex-IFRIC12 expanding 1.5 percentage points.
• Strong cash position with Cash & cash equivalents totaling $401.1 million.
• Net debt to LTM Adjusted EBITDA improved to 2.1x, from 2.4x as of December 31, 2022.

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