Euronet reports Q4 adjusted EPS $1.88, consensus $1.76

Reports Q4 revenue $957.7M, consensus $944.71M. “I am pleased we exceeded our guidance, driven by strong performance in all three segments, together with benefits from improved foreign exchange rates against the US dollar and a lower tax rate. We delivered record fourth quarter adjusted EPS of $1.88, a 35% year-over-year increase as well as double-digit growth in operating income and adjusted EBITDA,” stated Michael J. Brown, Euronet’s Chairman and Chief Executive Officer. “EFT delivered strong growth across all metrics driven by continued recovery of international transactions due to easing inflation, wage growth, and an extended travel season in Europe. Money Transfer produced strong fourth-quarter results across all metrics with growth in both retail and digital transactions and effective cost management. In epay, our core business delivered strong results from continued media and mobile growth, partially offset by less promotional activity compared to last year’s fourth quarter.”