Business
Euronet Worldwide Reports Fourth Quarter and Full Year 2019 Financial Results
LEAWOOD, Kan., Feb. 11, 2020 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading electronic payments provider,
About this update from Euronet Worldwide, Inc.
[{"type":"text","content":"LEAWOOD, Kan., Feb. 11, 2020 (GLOBE NEWSWIRE) -- Euronet Worldwide, Inc. (“Euronet” or the “Company”) (NASDAQ: EEFT), a leading electronic payments provider, reports fourth quarter and full year 2019 financial results.\n Euronet reports the following consolidated results for the fourth quarter 2019 compared with the same period of 2018: Revenues of $693.7 million, a 7% increase from $649.4 million (9% increase on a constant currency(1) basis).Operating income of $107.2 million, a 51% increase from $71.2 million (54% increase on a constant currency basis).Adjusted operating income(2) of $107.2 million, a 26% increase from $84.8 million (29% increase on a constant currency basis).Adjusted EBITDA(3) of $142.2 million, a 22% increase from $116.3 million (25% increase on a constant currency basis).Net income attributable to Euronet of $106.5 million or $1.91 diluted earnings per share, compared with net income of $60.0 million or $1.10 diluted earnings per share.Adjusted earnings per share(4) of $1.63, a 19% increase from $1.37.Transactions of 1.28 billion, a 19% increase from 1.08 billion. Euronet reports the following consolidated results for the full year 2019 compared with the same period of 2018: Revenues of $2,750 million, an 8% increase from $2,537 million (13% increase on a constant currency basis).Operating income of $475.2 million, a 33% increase from $358.0 million (39% increase on a constant currency basis).Adjusted operating income of $473.9 million, a 28% increase from $371.6 million (34% increase on a constant currency basis).Adjusted EBITDA of $607.1 million, a 23% increase from $494.4 million (29% increase on a constant currency basis).Net income attributable to Euronet of $346.8 million or $6.32 diluted earnings per share, compared with net income of $232.8 million or $4.26 diluted earnings per share.Adjusted earnings per share of $7.01, a 27% increase from $5.53.Transactions of 4.71 billion, an 18% increase from 3.98 billion. \"We delivered record fourth quarter adjusted EPS of $1.63, a 19% year-over-year increase and the seventh consecutive quarter we have delivered double-digit adjusted EPS growth,\" stated Michael J. Brown, Euronet's Chairman and Chief Executive Officer. \"This strong result was made possible by revenue contributions from all three segments, together with a couple cent benefit from income tax. E...