Business
ACI Worldwide, Inc. Announces Preliminary 2019 Results and 2020 Guidance
Conference Call Scheduled for January 14, 2020 at 8:30 am EST NAPLES, Fla.--(BUSINESS WIRE)-- ACI Worldwide (NASDAQ: ACIW), a leading global provider of
About this update from Aci Worldwide, Inc.
[{"type":"text","content":"\nConference Call Scheduled for January 14, 2020 at 8:30 am EST\n\n NAPLES, Fla.--(BUSINESS WIRE)--\nACI Worldwide (NASDAQ: ACIW), a leading global provider of electronic payment and banking solutions, today announced preliminary unaudited financial results for the full year ended December 31, 2019 and guidance for 2020.\n\n\nBased on preliminary information available at this time, for the year ended December 31, 2019, we currently expect:\n\n\n\nRevenue of between $1.255 billion and $1.265 billion, up over 20% over 2018, but below our prior guidance of $1.315 billion to $1.345 billion; and\n\n\nAdjusted EBITDA of between $300 million and $310 million, up over 20% over 2018, but below our prior guidance of $360 million to $380 million.\n\n\n\n“Our revenue and adjusted EBITDA were negatively impacted in 2019 primarily by a large customer expansion contract that did not sign as expected in December,” said Craig Saks, Interim President and CEO of ACI. “Our business continues to grow, and we believe that we are very well positioned to take advantage of positive trends in payments. We expect double digit revenue growth in 2020 and are reiterating our previously issued 2020 adjusted EBITDA guidance,” Saks added.\n\n\n2020 Guidance\n\n\nFor 2020, we expect:\n\n\n\nRevenue to be between $1.48 billion and $1.51 billion; and\n\n\nAdjusted EBITDA to be in the range of $425 million to $445 million.\n\n\n\nOur 2020 guidance does not include the large customer expansion contract we had expected to book in December.\n\n\nConference Call\n\n\nACI will host a conference call to discuss preliminary 2019 results and 2020 guidance tomorrow, January 14, 2020, at 8:30 am EST. Interested persons may access a real-time audio broadcast of the teleconference at http://investor.aciworldwide.com/ or use the following numbers for dial-in participation: US/Canada: (866) 914-7436, International/Local: +1 (817) 385-9117. Please provide your name, the conference name ACI Worldwide, Inc. and conference ID code 8988247. There will be a replay available for two weeks on (855) 859-2056 for US/Canada and +1 (404) 537-3406 for International/Local dial-In participants.\n\n\nNature of Information\n\n\nThe 2019 amounts in this press release are preliminary unaudited estimates based on currently available information and are subject to change as ACI completes its year-en...