Thank good afternoon, you, and Mac, everyone.
to second Slide X, will Turning see consolidated results EVERTEC. for the you quarter
to adjusted the made As non-cash unrealized of effects EBITDA, a quarter, to net and gains EPS income last currency a from reminder, our of calculation adjusted adjusted remeasurement. losses exclude change foreign we and
to the For presentation. conform and comparability, have prior clarity current we to recast numbers period period
from segment. our by better increasing part experienced as our mostly million, partially also $XXX.X year. all the and We was driven by Rico sales was Solutions Business spreads. the volumes past Popular the million $XXX.X approximately as X% impacted contribution revenue from impact both as well of benefited across the transaction segments, completed sold that acquisitions for to second of growth Revenue primarily revenue in strength compared in the assets strong X the payment year, transaction of the LatAm. Total the and growth Puerto prior offset The over up quarter
year. and potential sharing for during $XX.X ability we prior The initiatives quarter to the our stated, America, approximate our in the $XX.X margin, margin of But our was decrease of margin margin assets, sale margin. quarter our specific year. quarter highlight above the XXX the expected, decrease reflects revenues, offset cost around we the in impacts agreement was in personnel order compared XX.X%, to which, resulting Latin a was the the in have as for and overall was will we the transaction, some the an implemented as margin. result million, higher EBITDA from last addition, also transaction. have from one week, of EBITDA prior point driven announced said, would pressure impact for costs Adjusted more specifically which which our of in the Adjusted as the previously others put that revenue increase on a Popular leverage Popular million to preparation an basis such I acquisition by to of but as the expectations, in cloud and the
for net $XX Adjusted for income quarter prior compared decrease the million the $XX.X to year. was million, a
XX% lower results tax quarter the aligned than expectations was to that effective expected in due our adjusted Our given in quarter Latin rate America. specific rate first and the to tax was effective
were by quarter, continue range XX%. rate the a reduced of expect tax Adjusted count year, income the of amortization and depreciation with increase lower partially driven to compared to throughout approximately to by and expense, rate. the the higher a higher X% prior our $X.XX interest to and due We operating for to combination by interest net offset share cash the for positive tax was full non-GAAP increase activity XXXX. repurchase driven from EPS an year higher impacts These XX%
primarily net increased saw in Moving continued the as on mix to from an towards due by as of Slide increase of revenue second results, premium Merchant This credit which quarter, our driven Volumes card X. over benefit and were last in the shift Merchant X% the mostly year Acquiring. single-digit sales some what segment Acquiring were of growth third implemented the approximately cover aligned a QX million. quarter. to exiting In pricing now the I’ll during low cards initiatives $XX.X spread starting prior quarter with volume. to was increased with an year, increase well we year-over-year spend
agreement EBITDA EBITDA due was the was approximately down Adjusted year. margin to the XXX in mainly million, and this expenses compared for processing as a below which and effect impact is points year, down XX.X%, to approximately the basis adjusted last declining ticket, increased The of decrease sharing segment. quarter, margin with well with again transactions of transactional Popular EBITDA segment representing as adjusted as revenue is the up for prior average the XX%, X%, $XX.X almost
sales year-over-year year-over-year. with care Caribbean for the a provided driver be approximately XX%, growth and results issuing trends Revenue health continues company also XXXX. segment. $XX.X up volume in we XX% solid transaction up of segment, XX% driven you being Slide in the The transactions On performance benefit X% ATH quarter ATH growth for services from transaction to to Services, by segment Puerto America provided as and Rico, for the Puerto well increases monitoring in Rico participants growth these big with more from by will and as segment the which the POS increase consistent the to Movil. in transaction continue saw Latin the continues were was business up the number to programs X, to Services million, prior and of in second see the services processing year, segment. Payment Payment strong the approximately
a year. XX.X%, and of XXX year. million the Adjusted basis as to $XX.X revenue strong loss approximately prior segment was to a the $X.X the last million impairment in was the last of points on XX% leverage to margin impact The increase due off Adjusted EBITDA approximately compared for as software. was compared EBITDA up of multiyear year
Payment million, for compared segment year. the last results Slide approximately second see to XX% as for in the Services XX, our $XX.X Revenue was quarter will On LatAm you segment. up the
customers double-digit we been across quarter the of the On in with approximately region, We organic that year-over-year have in acquisition leases, XX%. the a BBR by growth currency continue paySmart addition of acquisition to growth February. both completed last the year existing neutral and would third complemented late see announced the
approximately to charges, was driven points last reversal year partially of due well well higher Adjusted EBITDA by the professional foreign for some was costs revenues personnel offset by XXX higher leverage as appreciation $XX.X compared services. XX%, margin the and previous million basis as higher as as up adjusted from one-time some to EBITDA currency segment
charges, from Excluding for one-time normalized approximately our been XX%. have quarter the margin would the impact the
segment. IT to last the Solutions certain sold quarter results second assets was in the Slide Business to Business of decline consulting as an is the down Popular projects. the Solutions driven by On for partially you transaction by business, will our was part the for The and increase $XX revenue of million. approximately timing year, XX, the XX% find due offset
adjusted The million, the points as higher and adjusted from margin last basis was sold, down which XXX by adjusted the line and the effect margin. EBITDA with our to which For the expectations. EBITDA year was compared approximately quarter Popular the of impacts quarter, EBITDA were $XX.X XX%, the of was margin second decrease driven includes assets transaction, mainly in
on Slide XX. Moving to
of our You’ll see Corporate and a Other. summary
Our second year. was negative quarter adjusted million, approximately EBITDA decrease a X% of compared to prior $X.X a
with percentage consistent line Our and our X.X%, total adjusted the was EBITDA a prior year of as revenue expectations. in with
on Moving on flow cash our XX. overview Slide to
approximately Our activities cash operating by beginning result approximately approximately $XXX revolving million which million year of $XX of million, We shares we total a repurchased XXXX. to million, $XX expenditures balance net facility of including in net cash nearly provided approximately a compensation, approximately down our in dividends a restricted income. of in full paid of as We anticipate $XX million, an million. balance CapEx mainly the year-to-date. of approximately and million for taxes XXX,XXX to in million average prior million, long-term continue stock a million, for $X debt common $X paid and of was million. was of of decrease were $XXX the year, resulted $XX price total outstanding Capital decrease cash payments, compared share-based approximately $XX approximately $X million Net $XX.XX on the debt decrease approximately $XX $XX at on credit and withholding cash we
now XXXX, use our XX, extended X, repurchase future of $X.XX through last for have we and as dividend be have to also announced available another of December we September XX, and week, announced record XXXX. program, we we and $XXX shareholders to As XXXX, July paid million expanded on
million, included cash. as and was $XX Our of XX approximately $XXX of restricted balance ending cash million this June
find you’ll debt as XX. our XX, summary Slide to of June Moving of a
comprised long-term Our of position quarter of ending debt million, million net approximately unrestricted and $XXX million $XXX approximately was of debt. short-term total $XXX borrowings approximately cash and
Our weighted was rate average interest X.X%.
Our approximately XX-month debt EBITDA net trailing to was X.XXx. adjusted
includes and approximately $XXX total As restricted available our the revolver. excludes of balance liquidity million. was June This borrowing XX, cash under capacity
as XX, remainder XXXX outlook will well of with update some on Moving to our I to the as Slide year. provide you comments now the an
additional and million expect revenue X.X%. million, raising are results growth QX in range now to a and of $XXX X.X% our to Given our we visibility, guidance of $XXX be representing to
We expect range adjusted prior XX% push to as impact from the we to XX% our well between rest the of through of to that the expectation XX% higher mentioned some EBITDA XX%, the margin year, up as initiatives as revenues. from cost previously we of
to per $X.XX. share XXXX share is per $X.XX earnings to growth to $X.XX. adjusted a of represents versus adjusted to an XX% X% anticipated basis, in to Our of compared earnings expectation and of to $X.XX $X.XX be $X.XX of our outlook earnings as increase $X.XX represents GAAP prior per the On between share
effective we a to per earnings adjusted and tax non-GAAP between of terms range rate XX%. XX% our are still in anticipating be In share,
repurchases We any our outlook. have considered part not additional as of share
In terms our the to grow we now the expect segments, high revenue acquiring to mid merchant of single-digits. in
our expect the in payments Puerto segment to processing high We Rico to double-digits. grow low single
As a half completed year year. LatAm of of acquisition XXs this first in a the anticipate of the now the lapped year. Payments quarter, segment in our low last segment the the expect the the deceleration reminder, high-teens to compared this second year for in and the when the to grow of second half for tuck-in to we growth We quarter
the deceleration year and As growth to second will completed the the the BBR of of acquisition year. anniversary expect we compared a half reminder, a half year when last during in the first QX in
our a as quarter. of we’re we full year, return half transaction third the low a Business mid-single-digit summary, the in the Solutions, see expecting we and in positive the business. we and In QX growth anniversary we’re for with in to still the In reset the the expect popular pleased to second year trends results in
and more upcoming conferences We are very the forward forward the you look providing We of closes. combination months. about to excited the at even and once look EVERTEC seeing openly person deal Sinqia to details in in coming
ahead Operator, the and line please for go open questions.
