EVERTEC (EVTC) Q1 2025 earnings summary

Executive summary

• Revenue grew 11% year-over-year to $228.8 million, or 15% on a constant currency basis, driven by strong organic growth across all segments and contributions from recent acquisitions.

• Adjusted EBITDA increased 14% to $89.4 million, with margin improving by 100 basis points to 39.1%.

• Adjusted EPS rose 21% to $0.87, supported by EBITDA growth, lower interest expense, and reduced share count.

• GAAP Net Income attributable to common shareholders more than doubled to $32.7 million ($0.50 per diluted share).

• Recent acquisitions (Grandata and Nubity) enhanced data analytics and cloud services, contributing positively to growth.

Financial highlights

• Revenue: $228.8 million, up 11% year-over-year; constant currency revenue: $235.5 million.

• Adjusted EBITDA: $89.4 million, up 14% year-over-year; margin at 39.1%.

• Adjusted net income: $56.3 million, up 17% year-over-year.

• Diluted GAAP EPS: $0.50 (vs. $0.24); Adjusted EPS: $0.87 (vs. $0.72).

• Operating cash flow: $37.6 million; liquidity at $459.7 million as of March 31, 2025.

Outlook and guidance

• 2025 constant currency revenue guidance: $903–$911 million, 6.8–7.7% growth year-over-year.

• Constant currency adjusted EPS expected at $3.44–$3.53, up 4.9–7.6%.

• Adjusted EBITDA margin projected at 39.5–40.5%; adjusted tax rate at 6–7%.

• CapEx planned at $85 million for 2025.

• Full-year outlook raised following strong Q1 performance.