NASDAQ$IMXI

International Money Express Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Intermex reported strong earnings and margins, driven by the execution of its omnichannel strategy.

Intermex reported strong Q4 2023 results, with double-digit revenue growth and outsized growth in EPS, Adjusted EBITDA, and Adjusted EPS. The company's efficient business model generated strong cash flow, allowing for investments and share repurchases.

  • Revenues increased by 11.2% to $171.8 million.
  • Diluted EPS increased by 40.0% to $0.49 per share.
  • Adjusted Diluted EPS increased by 21.7% to $0.56 per share.
  • Net Free Cash Generated increased by 25.9% to $17.2 million.

Headline financials

Total Revenue

$172M

Previous: $154M+11.2%
EPS (adj)

$0.56

Previous: $0.46+21.7%
Money Transfers

15.3M

Previous: 13.7M+11.7%
Capital Expenditures

$5.09M

Previous: $3.02M+68.7%
Net Income

$17.5M

Previous: $13.1M+33.6%
Operating Income

$27.7M

Previous: $21.8M+26.6%
Gross Profit

$15.2M

Previous: $52.4M-71.0%
Stock-Based Comp

$1.89M

Previous: $1.56M+21.4%

Revenue & EPS history

Intermex · Revenue · Quarterly

$172M

Q4 2023+11.2%vs Q4 2022
Beat estimate in 3 of 14 quarters(21%)
ActualEstimate

Revenue by segment

Intermex · $147M total across 2 segments · Q2 2023

  • Transfer & Money Order
    $145M
  • Other Income
    $2.25M

Forward guidance

The Company is providing full year and first quarter guidance:

Tailwinds

  • Full-year 2024 Revenue of $681.0 million to $701.8 million.
  • Full-year 2024 Diluted EPS of $1.81 to $1.96.
  • Full-year 2024 Adjusted EBITDA of $124.0 million to $127.7 million.
  • Full-year 2024 Adjusted Diluted EPS of $2.13 to $2.31.
  • First quarter 2024 Revenue of $150.4 million to $155.0 million.

Headwinds

  • First quarter 2024 Diluted EPS of $0.32 to $0.35.
  • First quarter 2024 Adjusted EBITDA of $24.4 million to $25.1 million.
  • First quarter 2024 Adjusted Diluted EPS of $0.39 to $0.42.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

+2.1%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+2.5%

Avg return

30 days after

56%

20 / 36 earnings

Positive

+60.7%

Q2 2025

Best reaction

-26.1%

Q2 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.4%-3.3%-7.7%
Q4 2025+0.1%+0.6%+0.6%
Q3 2025-0.5%-0.5%+1.8%
Q2 2025+60.7%+55.4%+56.0%
Q1 2025-15.8%-10.3%-6.1%
Q4 2024-16.7%-17.8%-29.3%
Q3 2024+16.8%+16.7%+14.1%
Q1 2024+3.5%+7.0%+8.6%
Q4 2023-9.3%-10.4%+6.2%
Q3 2023+15.4%+18.4%+22.9%
Q2 2023-26.1%-24.3%-25.7%
Q1 2023+3.5%-1.8%-7.2%
Q4 2022+1.8%-5.8%-3.2%
Q3 2022-16.5%-20.1%-14.8%
Q2 2022-2.2%+4.5%-11.0%
Q1 2022+5.0%+0.2%+5.4%
Q4 2021+16.9%+14.2%+36.0%
Q3 2021+1.5%+1.6%-6.4%
Q2 2021+4.5%+7.5%+14.1%
Q1 2021-8.7%-5.4%-0.6%
Q4 2020+12.0%+12.9%-2.2%
Q3 2020-0.7%-1.9%+1.5%
Q2 2020+18.3%+25.8%+16.0%
Q1 2020+12.2%+8.3%+23.8%
Q4 2019-5.0%-8.8%-17.5%
Q3 2019-9.6%-13.6%-17.8%
Q2 2019+7.8%+8.3%+5.8%
Q1 2019+1.7%+2.4%+16.8%
Q4 2018+6.3%+2.3%+8.0%
Q3 2018+1.8%-2.0%-6.6%
Q2 2018-1.9%-2.0%+6.4%
Q1 2018+0.2%+0.3%+0.2%
Q4 2017-0.1%+0.0%+0.5%
Q3 2017+0.0%+0.2%-0.1%
Q2 2017+0.6%+0.4%+0.2%
Q1 2017+0.0%+0.0%+0.5%

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