Thank good afternoon, everyone. Mac, you, and
of the telecommunications to some operate these catastrophic. all business three provide The necessary power review insights Maria on and water. electronic impacted three hurricanes the of was and power, I’d further There payment, are Before to infrastructure hurricanes our damage to and for a EVERTEC. and elements infrastructure Irma impact service elements process like in ultimately I results,
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improved steadily immigration as Accelerated from business a Payments fully challenge are a until baseline Payments business also services expect the we of negatively the bottom consequence restored our for impacted. presents us. basic our While storm these be has of to Maria
to the the U.S. cardholders impact and transactions need us. generate we extent emigrate As this negatively cardholders to or elsewhere to
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compared $XXX.X Slide revenue X, Total was year. quarter total third the our million, revenue $XX.X XXXX for up company the the third the in of details. segment to quarter revenue X% will million XXXX in prior Turning see to you for
growth by of As by X% and Matt Maria. growth Year-to-date, to respect $X margin storm million reduction revenue revenue days million. quarter our second Maria, approximately was the QX average ongoing third impacted high revenue to ticket was hurricane and Merchant $XXX.X off XX% with the driven impact merchant estimated through growth QX payments segment In negative in the and and and to first Average total positively X% was year-over-year was Acquiring primarily revenue volume sales net to to and mix, the cash approximately volume to in card revenue two other than the $X other revenue ancillary the growth months volumes a quarter's post the by X%. year-over-year the of million fees. mix to XX quarter a government similar up year was prior Prior the caused decreased of X%. the mentioned, $XX.X conversion million hurricanes, increased was gas bringing sales is overall trend, more Merchant the
well quarter first primarily to approximately in as offset as PayGroup, the which approximately the year growth Merchant the was the to million $XX million, on $X Moving to to half Payment contributed $XX.X up months contract change our nine million the to results, a driven Acquiring hurricanes was customer which processing X% year. the XX% down was and was Maria’s quarter. third Revenue of impact last of as compared in due year-over-year third revenue approximately impact. the in acquisition partially by due of
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period For same the Solutions $XXX million X% growth months related reflecting the Business to nine drivers. the to grew
Moving to Slide, the number next X.
acquisition. our $X to compensation compensation adjusted of transaction incurred of PayGroup other and primarily approximately reconciliation in We find You'll related EBITDA. million share-based and the costs $X.X approximately million expense
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column, third for EBITDA margin bridge QX. XX, Slide Starting begins margin see EBITDA the XX.X%. a of to from Moving the you’ll left XXXX with year-over-year of adjusted adjusted bridge the quarter the in
are as impacted points, a shifts as due we with negatively mix right, the operates approximately which of PayGroup lower to Moving well addition revenue XXX primarily basis to at margin. hurricanes of the the
we impacted points. XX Second, losses negatively approximately were from basis currency of foreign
and Third, XX operating approximately taxes expense points. increases basis other operating were
margin in of compliance Lastly, third The points. EBITDA combined we’re that of impacted drove impact an adjusted XX expenses referenced information increased basis and security by resulted items these XXXX of for approximately quarter the XX.X%.
decrease year compared quarter Moving was decrease in rate and to Slide higher the interest last prior year. income compared to the adjusted the EBITDA, higher a and net Adjusted and tax $XX expense as reflects XX% primarily as depreciation the of a to XX. million, lower
for Our the effective higher which income primarily rate prior and adjusted discrete mix due benefited taxable was different rate. from to items income approximately in the the hurricanes. also resulting the tax X.X% tax rate that of It quarter included was net above year our of XX.X%
prior year. adjusted was to million income rate was year. X% XX% expect be adjusted adjusted per common X% of our Year-to-date of the down $X.XX common for approximately per in We XX% down XXXX $X.XX, tax from income. continue QX lower range to earnings share the was XX.X% net a to and $XX share adjusted the net reflecting decrease a earnings
year-to-date flow by $XX cash cash million expenditures of year-to-date approximately XX, provided million our $X were operating our was on as to $XX or million, an activities $XX overview We million decrease Slide increase had our cash, capital acquisition year. restricted approximately $XXX prior net PayGroup compared million. in approximately the approximately Moving to was
million. $XX common Next, decrease paid borrowings, for to by we in repurchased approximately finally, have offset million $X And dividends stock and a million an approximately increase a million shareholders approximately short-term $X.X approximately year-to-date. returned million debt of debt principal total to $XX of paid million payments approximately we total our $XX.X $XX stockholders of of in net in cash resulting
This share Rico’s million after under stabilizes. XX, for December extension $XX Company's authorized us XXXX. on XXXX program, and XX, approximately program continued just have to with We available scheduled the our repurchase expire use allocation was current our Puerto provides future December Board share to flexibility extension of repurchase three-year capital an which
million. of $XX ending balance was Our cash XX as June
a of find as to Slide XXXX. XX, XX, you will of debt summary Moving our September
net $XX $XXX cash and approximately was $XXX million Our long-term approximately and debt. of of million total position the ending of borrowings debt million, quarter comprised short-term unrestricted
approximately rate was X.XX%. interest weighted-average Our
adjusted reflecting which cash Our applied $XX to EBITDA agreement debt to net million. was in trailing debt times, X.X XX-month the credit the limits calculation net the
September of includes revolver, total on our with this I'd existing status update of you capacity the $XXX government available XX, provide under time, restricted million. and liquidity, was the to cash borrowing our excludes which As an At receivables. like
to government balance at EVERTEC $XX storm and that will to the this remain is the the highlight expectation XXXX. time to they aspired down commitment goodwill was and from Our to ongoing services can of our in as we government approximately earned believe our at XX but after increase the is the storm end turn the challenges October, unaffected. million, remained unclear I that a the approximately receivable have response is approximately many It of business. million million our future government September provide time, impact At restoration which will at and the the We over $XX.X agencies of infrastructure under contract as value balance that what during whole end the was government service closed service $X.X due covered.
our Slide to XX, I'll now Moving guidance. an update on provide XXXX
impact and payment Our the to for restored, and million the depending is on of failures, revenue transaction mix the estimate we in our XX% speed telecom range which with $XX fourth magnitude is cover XXXX total factors. of between power estimated a revenues that other business hurricane our based XX% of reliable quarter. million timing $XX will and and We
merchant in XX% was October prior than Our approximate volume the sales acquiring less year.
the past up change as payments $XXX these latest uncertainty. of million make lowering to ticket year in average million; for guidance the $XXX X% of disadvantages sales approximately merchant last to our skewed our we performance due the payments of has fourth in to The million and PayGroup a level by to or net range partially offset stations volume to acquisition significantly gas to of products revenue consumers the This the year. hurricane merchant quarter. and reflect continues and mix over X% impact sales While our scarcity expected representing the on the assumptions, primarily national The in a to a it conditions higher stock XX% $XXX $XXX impact are to was recovered prior of year-to-date benefit reflects EVERTEC previously post to emergency revenue has volume of volume been million our on supermarkets, which the perspective. Based retailers’ from week. the range
for EBITDA in be anticipate largely XX.X% range fourth the margins, to flow hurricane the adjusted Regarding to year. in the our margin impact we and a through that quarter will EBITDA XX.X% revenue will of
XXXX. as $X.XX earnings range negative represents outlook XX% to has Our a $X.XX, per common been negative revised XX% to to in adjusted share of to compared $X.XX which
is good the of to don't is visibility and proceeds, guidance. in and the this not extent difficult on to immigration. federal it or predict is Rico impact insurance The Maria or yet business Puerto extent XXXX, a daily changing timing We have the time is perspective clear related the recovery. recovery total, of Regarding stimulus it at preliminary release provide
of the premises a $X clear partially only revenue, business by Latin script, implementation $X client be to Maria working up million more XXXX fiscal from margin. the which migration include of remains will that While plan. From on months crisis Other America lower resume our PayGroup margin incremental a high will government impacts perspective, revenue with ripped and contributes which a essentially fiscal new margin in the of losses remains acquisition, these million six unchanged. offset estimated the
September provided the and Solutions was from X.XX% also the revenue this under measure October segment We in will which agreement. benefit as or CPI Master and on add Payment announced Service Business the Popular XX,
outlook until cautious paydown allocation prudent or our debt Regarding recovery. visibility better liquidity, Rico Loan on on the on of as cash April continued monitor until with keep We sufficiently million A our stabilizes. existing cash sustain recovery the and it facility. plan capital on to determine with in will we currently first the cash we XXXX quarter debt as we to hand We compliance hand of and our retire plan and revolver XX, have Based XXXX our Term XXXX. Puerto business be $XX
going forward remaining to we our business. expenditures executed We liquidity. the on updating significant We sits extraordinary temporary Hurricane our the Latin manage we has Puerto our manage period but summary, We're look capital had business the period, In on of stabilizing to cautiously suspension through you focused while as cautious Rico dividend and this of recovery in capital our during expanding working will progress. well our Maria impact. uncertainties that and the be American
call We will now the please go open and Operator, for ahead open questions. line. the
