NYSE$EVTC

EVERTEC Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Delivered strong results due to volume growth, increased digital solutions in Puerto Rico, and new client contracts in Latin America, leading to an increased annual guidance.

EVERTEC reported a 14% increase in revenue to $139.5 million, a GAAP Net Income of $35.5 million or $0.49 per diluted share, and an adjusted EPS of $0.62, a 35% increase. The company is increasing its financial outlook for 2021.

  • Revenue increased 14% to $139.5 million
  • GAAP Net Income attributable to common shareholders was $35.5 million or $0.49 per diluted share
  • Adjusted EBITDA increased 22% to $68.9 million
  • Adjusted earnings per common share was $0.62, an increase of 35%

Headline financials

Total Revenue

$140M

Previous: $122M+14.4%
EPS (adj)

$0.62

Previous: $0.46+34.8%
Adjusted EBITDA

$68.9M

Previous: $56.3M+22.4%
Adjusted EBITDA Margin

49.4%

No prior period
Capital Expenditures

-$4.72M

Previous: -$3.36M-40.7%
Free Cash Flow

$30.8M

Previous: $18.9M+63.2%
Net Income

$35.5M

Previous: $22.2M+59.8%
Operating Income

$45M

Previous: $32.8M+37.3%
Gross Profit

$362K

Previous: $344K+5.2%
Cash & Equivalents

$156M

Previous: $104M+51.0%
Total Assets

$1.04B

Previous: $979M+6.3%
Stock-Based Comp

$3.38M

Previous: $3.48M-3.0%

Revenue & EPS history

EVERTEC · Revenue · Quarterly

$140M

Q1 2021+14.4%vs Q1 2020
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

EVERTEC · $96.9M total across 2 segments · Q1 2021

  • Business Solutions
    $60.6M+8.3%
  • Payment Services PR & Carib
    $36.3M+21.3%

Forward guidance

The Company is increasing its financial outlook for 2021. Total consolidated revenue is now anticipated between $543 million and $552 million representing growth of 6% to 8%. Adjusted earnings per common share between $2.25 to $2.32 representing a growth range of 9% to 12% from $2.07 in 2020. Capital expenditures are now anticipated to be between $50 and $55 million. Effective tax rate of approximately 13% to 14%.

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.0%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+1.5%

Avg return

30 days after

45%

25 / 56 earnings

Positive

+16.1%

Q4 2024

Best reaction

-18.1%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-18.1%-15.4%-21.4%
Q4 2025+9.6%+13.9%+5.9%
Q3 2025-3.0%+3.9%+5.3%
Q1 2025+2.2%+5.5%+6.4%
Q4 2024+16.1%+15.1%+13.3%
Q3 2024+8.6%+10.6%+9.3%
Q2 2024+2.0%-3.5%-0.4%
Q1 2024-4.8%-0.7%-6.8%
Q4 2023-12.4%-10.0%-3.2%
Q3 2023-5.6%-8.9%+4.7%
Q2 2023-3.7%-4.9%-4.6%
Q1 2023+7.1%+7.8%+8.1%
Q4 2022+5.6%+6.6%-6.0%
Q3 2022-9.1%-6.7%-7.2%
Q2 2022-7.5%-9.2%-16.3%
Q1 2022+2.9%+5.5%+0.1%
Q4 2021+0.8%-5.3%-0.3%
Q3 2021-3.2%+1.5%-8.7%
Q2 2021+4.6%+6.7%+7.4%
Q1 2021-2.8%-1.1%+6.0%
Q4 2020-7.4%-5.0%-4.3%
Q3 2020-2.1%+0.0%+10.5%
Q2 2020+0.7%+1.2%+11.3%
Q1 2020+0.9%-2.8%+21.2%
Q4 2019+0.1%-7.3%-28.5%
Q3 2019-6.1%-6.1%-0.5%
Q2 2019+13.9%+10.6%+10.9%
Q1 2019-5.1%-4.8%-8.5%
Q4 2018-6.6%-5.2%-8.7%
Q3 2018+13.0%+23.6%+17.5%
Q2 2018+1.1%+0.2%+2.3%
Q1 2018+8.2%+12.1%+19.5%
Q4 2017+2.8%+0.9%+1.5%
Q3 2017-1.0%-7.3%-5.9%
Q2 2017+5.9%+1.1%+3.1%
Q1 2017+3.5%+5.8%+7.4%
Q4 2016-1.2%+0.0%-8.7%
Q3 2016-4.1%-1.0%+21.6%
Q2 2016+7.0%+6.5%+5.0%
Q1 2016-1.0%
Q4 2015-6.0%
Q3 2015-6.5%
Q2 2015+6.4%
Q1 2015+9.0%
Q4 2014-3.3%
Q3 2014-1.9%
Q2 2014-1.4%
Q1 2014-1.9%
Q4 2011+3.7%
Q1 2012+3.7%
Q4 2013-1.0%
Q3 2012-4.7%
Q3 2013-5.2%
Q2 2012-2.1%
Q2 2013-0.6%
Q1 2013-1.5%
Q4 2012

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