Global Payments sees FY23 adjusted EPS $10.25-$10.37, consensus $10.37

Sees FY23 revenue $8.575B-$8.675B, consensus $8.57B. "We achieved strong financial performance in the fourth quarter and for the full year, which highlights the durability of our business model and consistent execution of our technology-enabled strategy," said Josh Whipple, Senior Executive Vice President and CFO. "We remain well positioned from a financial and operating perspective as we enter 2023. Looking ahead, the company expects adjusted net revenue to be in a range of $8.575 billion to $8.675 billion, reflecting growth of 6% to 7% over 2022, and adjusted earnings per share to be in a range of $10.25 to $10.37, reflecting growth of 10% to 11% over 2022 (15% to 16% excluding dispositions). Annual adjusted operating margin for 2023 is expected to expand by up to 120 basis points. Our 2023 outlook reflects the closings of the acquisition of EVO Payments, the divestiture of Netspend’s consumer business and the sale of Gaming Solutions in each case by the end of the first quarter. We presume a stable worldwide macroeconomic backdrop throughout calendar year 2023."