Evertec (EVTC) reported solid first-quarter results, with revenue reaching $247.9 million, an 8% increase year-over-year, bolstered by organic growth and contributions from the Technobank acquisition. Adjusted EBITDA rose 9% to $97 million, maintaining a robust margin of 39.1%. Despite headwinds such as a 10% discount to Popular and adverse currency effects, the company demonstrated resilience through disciplined cost management.
The financial performance highlights the effectiveness of Evertec’s M&A strategy, particularly with the recent acquisition of Dimensa, which is expected to enhance growth in insurance and risk management sectors. The Latin America segment saw a remarkable 32% revenue increase, driven by Technobank’s integration and strong transaction volumes, indicating a positive outlook for continued expansion in the region.
Looking ahead, Evertec has updated its 2026 guidance, projecting revenue growth of 15.1% to 16.4%, with adjusted EPS expected to increase by up to 9.9%. This positions the company well for sustained growth, making it an interesting prospect for investors focused on the payments and financial services sectors.
Source: fool.com