Evertec (NYSE: EVTC) reported Q2 EPS of $0.46, $0.02 better than the analyst estimate of $0.44. Revenue for the quarter came in at $113.3 million versus the consensus estimate of $111.77 million.

Second Quarter 2018 and Recent Highlights

• Revenue grew 10% to $113.3 million
• GAAP Net Income attributable to common shareholders was $20.1 million or $0.27 per diluted share flat when compared with the prior year
• Adjusted EBITDA increased 7% to $53.8 million
• Adjusted earnings per common share was $0.46, an increase of 5%
• Quarterly dividend reinstated at $0.05 per share

Mac Schuessler, President and Chief Executive Officer stated, “We are pleased with our second quarter financial results and given our expectation for the remainder of the year, we have increased our 2018 guidance."

2018 Outlook

The Company is increasing its financial outlook for 2018 as follows:

• Total consolidated revenue between $435 million and $445 million representing growth of 7% to 9%
• Adjusted earnings per common share guidance of $1.68 to $1.77 representing a range of 14% to 20% as compared to $1.47 in 2017
• Capital expenditures ranging between $35 and $40 million
• Non-GAAP effective tax rate ranging between 13% to 14%.

GUIDANCE:

Evertec sees FY2018 EPS of $1.68-$1.77, versus the consensus of $1.67. Evertec sees FY2018 revenue of $435-445 million, versus the consensus of $437.89 million.

For earnings history and earnings-related data on Evertec (EVTC) click here.