EVTC - EVERTEC Non-GAAP EPS of $0.69 beats by $0.09 revenue of $159.8M beats by $7.65M

2023-04-26 16:26:27 ET

• EVERTEC press release ( NYSE: EVTC ): Q1 Non-GAAP EPS of $0.69 beats by $0.09 .
• Revenue of $159.8M (+6.4% Y/Y) beats by $7.65M .
• 2023 Outlook
• The Company is revising its financial outlook for 2023 as follows:
• Total consolidated revenue is now anticipated to be between $644 million and $652 million vs $643.26M consensus representing growth of approximately 4.1% to 5.4% growth, compared with $638 to $647 million previously estimated.
• Adjusted earnings per common share between $2.59 to $2.68 vs $2.58 consensus representing approximately 2.4% to 6% growth as compared to $2.53 in 2022, as recast,, compared with $2.53 to $2.64 previously estimated.
• We continue to expect capital expenditures to be approximately $70 million.
• We continue to expect an effective tax rate of approximately 16% to 17%.

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