Evertec (NYSE: EVTC) reported Q1 EPS of $0.46, in-line with the analyst estimate of $0.46. Revenue for the quarter came in at $121.9 million versus the consensus estimate of $120.17 million.

First Quarter 2020 Highlights

• Revenue grew 3% to $121.9 million
• GAAP Net Income attributable to common shareholders was $22.2 million or $0.30 per diluted share
• Adjusted EBITDA decreased 2% to $56.3 million
• Adjusted earnings per common share was $0.46, a decrease of 8%

Mac Schuessler, President and Chief Executive Officer stated, “First and foremost, we want to express our sympathies to those impacted by the pandemic and our gratitude to the essential workers on the front lines. At Evertec, we have learned from previous natural disasters to be resilient as well as to be focused on the safety of our team members and our customers. While we continue to monitor the pandemic's impact to our business, at this time, the depth and length of the impact is unclear, so we are suspending our annual guidance. We will continue our focus on our strategic initiatives that will build momentum for our growth strategy over the longer-term."

2020 Outlook

The Company is suspending its financial outlook for 2020 given the uncertainty around the duration of the pandemic and its impact on the economy

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