Every material Form 8-K EVERTEC filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
EVERTEC reported third-quarter 2024 revenue of $211.8 million, up 22%, and GAAP net income attributable to common shareholders of $24.7 million, up 146%. The company also said it closed its acquisition of Grandata on October 30, 2024, and its 2024 outlook for revenue and adjusted earnings per share was unchanged in the filing.
Revenue rose 22% to $211.8 million; GAAP diluted EPS rose 153% to $0.38
Adjusted EBITDA rose 11% to $87.4 million, but adjusted EBITDA margin fell about 420 basis points to 41.3%
Adjusted EPS rose 8% to $0.86; the company repurchased $12.3 million of stock, with about $138 million remaining under its program
Grandata, a Mexico-based data analytics company, was acquired on October 30, 2024
EVERTEC reported second quarter 2024 results on July 31, 2024, with revenue up 27% to $212.0 million, mainly from the Sinqia acquisition and organic growth, and GAAP net income attributable to common shareholders up 13% to $31.9 million. Adjusted EBITDA margin fell about 400 basis points to 40.6%, which the company linked to Sinqia's lower margin, and the company completed its accelerated share repurchase on July 9, 2024.
Revenue rose 27% to $212.0 million from $167.1 million a year earlier, reflecting the Sinqia acquisition and organic growth
GAAP net income attributable to common shareholders rose 13% to $31.9 million, or $0.49 per diluted share
Adjusted EBITDA rose 16% to $86.1 million, but the margin fell to 40.6%, down about 400 basis points
2024 outlook: total revenue of $846 million to $854 million and adjusted earnings per share of $2.98 to $3.07
EVERTEC reported first-quarter 2024 results on May 1, 2024. Revenue rose 28% to $205.3 million, reflecting the Sinqia acquisition and organic growth, while GAAP net income attributable to common shareholders fell 47% to $16.0 million, mainly due to higher interest expense on debt raised to finance Sinqia. The company also entered into a $70 million accelerated share repurchase agreement, which it expects to complete in the third quarter of 2024.
Revenue rose 28% to $205.3 million from $159.8 million in the prior-year quarter.
GAAP net income attributable to common shareholders fell 47% to $16.0 million, or $0.24 per diluted share.
Adjusted EBITDA rose 16% to $78.2 million, and adjusted earnings per share rose 4% to $0.72.
2024 outlook: total revenue of $846 million to $854 million and adjusted earnings per share of $2.85 to $2.94.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every EVERTEC filing is on SEC EDGAR ↗. 8-K briefs of other companies →