Euronet Worldwide Inc

NASDAQ:EEFTUnited States

Oct 23, 2024

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• Euronet Worldwide Reports Third Quarter 2024 Financial Results, from 11:00PM ET on Wednesday Oct 23, 2024 by GlobeNewswire

  11:00PM ET on Wednesday Oct 23, 2024 by GlobeNewswire
  Companies Mentioned: EEFT

• Euronet Worldwide Reports Third Quarter 2024 Financial Results, from 11:00PM ET on Wednesday Oct 23, 2024 by Dow Jones

  11:00PM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: EEFT
  Salaries and benefits 169.6 153.6 Selling, general and administrative 80.6 73.9 Depreciation and amortization 32.9 32.8 ------------ ------------ Total operating expenses 917.1 837.0 ------------ ------------ Operating income 182.2 167.0 ------------ ------------ Other income (expense): Interest income 6.5 4.0 Interest expense (24.2) (15.0) Foreign currency exchange gain (loss) 27.4 (8.8) Other income 16.5 -- ------------ ------------ Total other income (expense), net 26.2 (19.8) ------------ ------------ Income before income taxes 208.4 147.2 Income tax expense (56.8) (43.0) ------------ ------------ Net income 151.6 104.2 Net loss attributable to non-controlling interests (0.1) -- ------------ ------------ Net income attributable to Euronet Worldwide, Inc. $ 151.5 $ 104.2 Add: Interest expense from assumed conversion of convertible notes, net of tax 1.1 1.1 Net income for diluted earnings per share calculation $ 152.6 $ 105.3 ======== ======== Earnings per share attributable to Euronet Worldwide, Inc. stockholders - diluted $ 3.21 $ 2.05 ======== ======== Diluted weighted average shares outstanding 47,554,606 51,470,603 ============ ============ EURONET WORLDWIDE, INC. Reconciliation of Net Income to Operating Income (Expense) and Adjusted EBITDA (unaudited - in millions) Three months ended September 30, 2024 -------------------------------------------------------------- EFT Money Corporate Processing epay Transfer Services Consolidated ------------ ----- ---------- ----------- ---------------- Net income $ 151.6 Add: Income tax expense 56.8 Less: Total other income, net (26.2) ---------- --- Operating income (expense) $ 117.3 $29.1 $ 58.1 $ (22.3) $ 182.2 Add: Depreciation and amortization 24.8 1.9 6.0 0.2 32.9 Add: Share-based compensation -- -- -- 10.6 10.6 ------------ ----- ---------- ---------- ---------- ---- Earnings before interest, taxes, depreciation, amortization, share-based compensation (Adjusted EBITDA) ((1) () $ 142.1 $31.0 $ 64.1 $ (11.5) $ 225.7 === ======= ==== === ===== ====== ====== ==== Three months ended September 30, 2023 -------------------------------------------------------------- EFT Money Corporate Processing epay Transfer Services Consolidated ------------ ----- ---------- ----------- ---------------- Net income $ 104.2 Add: Income tax expense 43.0 Add: Total other expense, net 19.8 ---------- ---- Operating income (expense) $ 104.8 $28.3 $ 53.7 $ (19.8) $ 167.0 Add: Depreciation and amortization 23.9 1.8 7.0 0.1 32.8 Add: Share-based compensation -- -- -- 12.7 12.7 ------------ ----- ---------- ---------- ---------- ---- Earnings before interest, taxes, depreciation, amortization and share-based compensation (Adjusted EBITDA) $ 128.7 $30.1 $ 60.7 $ (7.0) $ 212.5 === ======= ==== === ===== ====== ====== ==== EURONET WORLDWIDE, INC. Reconciliation of Adjusted Earnings per Share (unaudited - in millions, except share and per share data) Three Months Ended September 30, ---------------------------- 2024 2023 ------------ -------------- Net income attributable to Euronet Worldwide, Inc. $ 151.5 $ 104.2 Foreign currency exchange (loss) gain (27.4) 8.8 Intangible asset amortization((1) 5.1 5.5 Share-based compensation(2) 10.6 12.7 Income tax effect of above adjustments(3) 4.9 (4.7) Non-cash investment gain(4) (16.9) -- Non-cash GAAP tax expense(5) 8.8 6.2 ----------- ----------- Adjusted earnings(6) $ 136.6 $ 132.7 ========== ========== Adjusted earnings per share - diluted(6) $ 3.03 $ 2.72 ========== ========== Diluted weighted average shares outstanding (GAAP) 47,554,606 51,470,603 Effect of adjusted EPS dilution of convertible notes (2,781,818) (2,781,818) Effect of unrecognized share-based compensation on diluted shares outstanding 320,885 185,073 ---------- ----------- Adjusted diluted weighted average shares outstanding 45,093,673 48,873,858 ========== ===========
  

• *DJ Euronet Worldwide 3Q EPS $3.21 >EEFT, from 11:00PM ET on Wednesday Oct 23, 2024 by Dow Jones

  11:00PM ET on Wednesday Oct 23, 2024 by Dow Jones
  Companies Mentioned: EEFT