The upcoming report from Euronet Worldwide (EEFT) is expected to reveal quarterly earnings of $1.75 per share, indicating an increase of 25.9% compared to the year-ago period. Analysts forecast revenues of $936.83 million, representing an increase of 8.2% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings release, ...

LEAWOOD, Kan., Feb. 06, 2024 (GLOBE NEWSWIRE) -- Euronet (NASDAQ:EEFT), a leading global financial technology solutions and payments provider, today announced the further expansion of its independent ATM network (IAD) with new launches in Belgium and Mexico, increasing its global ATM footprint to 38 countries across Europe, Asia Pacific, Africa and the Americas. Belgium is the 32nd European country in the company's IAD network, strengthening Euronet's presence and leadership position in the region. The comp ...

Euronet Worldwide, Inc. (EEFT) is scheduled to release fourth-quarter 2023 results on Feb 7, 2024, before the opening bell. Q4 EstimatesThe Zacks Consensus Estimate for Euronet’s fourth-quarter earnings per share is pegged at $1.75, which indicates a 25.9% improvement from the year-ago quarter’s reported figure and is in line with management's expectation.The consensus mark for revenues is pegged at $937 million, suggesting 8.2% growth from the year-ago quarter’s reported number.Earnings Surprise HistoryEur ...

LEAWOOD, Kan., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Euronet (NASDAQ:EEFT), a leading global financial technology solutions and payments provider, today announced a multi-year agreement with Banco Guayaquil, one of Ecuador's most prestigious and innovative banks, that begins with revolutionizing the transaction-switching solutions for VISA, MasterCard and American Express within the bank's broad network. Central to this agreement is the deployment of Euronet's Ren payments platform and its advanced Software as ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31648 EURONET WORLDWIDE, INC. (Exact name of registrant as specified in its charter) | Delaware | 74-2806888 | | --- | --- | | (State ...

Euronet Worldwide, Inc. (NASDAQ:EEFT) Q3 2023 Earnings Conference Call October 20, 2023 9:00 AM ET Company Participants Scott Claassen - General Counsel Rick Weller - Chief Financial Officer Michael Brown - Chairman and Chief Executive Officer Conference Call Participants Peter Heckmann - D.A. Davidson Andrew Schmidt - Citigroup Inc. Cristopher Kennedy - William Blair Darrin Peller - Wolfe Research Andrew Jeffrey - Truist Securities Mike Grondahl - Northland Capital Markets Ken Suchoski - Autonomous Resea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-31648 EURONET WORLDWIDE, INC. (Exact name of registrant as specified in its charter) Delaware 74-2806888 (State or other jurisdiction of in ...

Euronet Worldwide, Inc. (NASDAQ:EEFT) Q2 2023 Earnings Conference Call July 26, 2023 9:00 AM ET Company Participants Scott Claassen – General Counsel Rick Weller – Chief Financial Officer Mike Brown – Chairman and Chief Executive Officer Conference Call Participants Rayna Kumar – UBS Andrew Jeffrey – Truist Securities Andrew Schmidt – Citi Research Darrin Peller – Wolfe Research Mike Grondahl – Northland Securities Ken Suchoski – Autonomous Research Cris Kennedy – William Blair Operator Greetings, and welco ...

• 13% increase on a constant currency basis Euronet. Euronet. Euronet. Euronet. Euronet | www.euronetworldwide.com 9 | --- | --- | --- | --- | |----------------|---------|------------|--------------| | Percent Growth | Revenue | Adj EBITDA | Transactions | | EFT | 29% | 0.3% | 170% | | epay | 52% | 60% | 167% | | Money Transfer | 46% | 30% | 42% | • Independent ATM Networks (IAD) in Morocco and Latvia • Relaunched IAD in Malaysia • POS acquiring agreements with approx. 4,300 new merchants • Cardless cash wi ...

PART I—FINANCIAL INFORMATION [Item 1. Financial Statements (unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(unaudited)) This section presents the unaudited consolidated financial statements for Euronet Worldwide, Inc. as of March 31, 2023, and for the three months ended March 31, 2023 and 2022 [Consolidated Balance Sheets](index=3&type=section&id=Consolidated%20Balance%20Sheets) Consolidated Balance Sheet Highlights (in millions) | Metric | March 31, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | **$5,010.6** | **$5,403.6** | | Total Current Assets | $3,341.5 | $3,726.7 | | Goodwill | $834.3 | $828.3 | | **Total Liabilities** | **$3,738.5** | **$4,159.2** | | Total Current Liabilities | $1,905.3 | $2,354.1 | | Debt obligations, net | $1,642.7 | $1,609.1 | | **Total Equity** | **$1,272.1** | **$1,244.4** | [Consolidated Statements of Operations](index=4&type=section&id=Consolidated%20Statements%20of%20Operations) Statement of Operations Highlights (in millions, except per share data) | Metric | Three Months Ended Mar 31, 2023 | Three Months Ended Mar 31, 2022 | | :--- | :--- | :--- | | **Revenues** | **$787.2** | **$718.5** | | Total operating expenses | $741.6 | $681.8 | | **Operating income** | **$45.6** | **$36.7** | | Net income | $19.8 | $8.2 | | **Net income attributable to Euronet** | **$20.1** | **$8.2** | | **Diluted EPS** | **$0.39** | **$0.16** | [Consolidated Statements of Cash Flows](index=8&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) Cash Flow Summary (in millions) | Metric | Three Months Ended Mar 31, 2023 | Three Months Ended Mar 31, 2022 | | :--- | :--- | :--- | | Net cash provided by operating activities | $3.3 | $5.7 | | Net cash used in investing activities | ($18.1) | ($356.9) | | Net cash provided by (used in) financing activities | ($4.4) | $235.3 | | **Increase (decrease) in cash** | **($53.1)** | **($153.4)** | [Notes to the Unaudited Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20the%20Unaudited%20Consolidated%20Financial%20Statements) - The company's business is seasonal. The EFT segment sees highest demand in Q3 (tourism), epay in Q4 and Q1 (holidays), and Money Transfer from May through Q4 (worker migration and holidays)[28](index=28&type=chunk) - On March 15, 2022, the company acquired the Merchant Acquiring Business of Piraeus Bank (PBMA) for approximately **$350.6 million**. This acquisition is included in the EFT Processing Segment[31](index=31&type=chunk)[32](index=32&type=chunk)[33](index=33&type=chunk) - As of March 31, 2023, total goodwill was **$834.3 million**, allocated as follows: Money Transfer (**$385.1M**), EFT Processing (**$325.0M**), and epay (**$124.2M**)[51](index=51&type=chunk) - Total debt obligations stood at **$1,654.6 million** as of March 31, 2023, consisting primarily of a revolving credit facility, **0.75%** convertible notes due 2049, and **1.375%** senior notes due 2026[55](index=55&type=chunk) - The company uses foreign currency derivative contracts to minimize exposure to currency fluctuations, primarily for its Ria and xe operations. As of March 31, 2023, the notional value of these contracts was substantial[66](index=66&type=chunk)[67](index=67&type=chunk)[70](index=70&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=26&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses Q1 2023 financial results, with revenue up **10%** to **$787.2 million** and operating income up **24%** to **$45.6 million**, led by EFT Processing Q1 2023 vs Q1 2022 Segment Performance (in millions) | Segment | Q1 2023 Revenue | Q1 2022 Revenue | % Change | Q1 2023 Operating Income | Q1 2022 Operating Income | % Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | EFT Processing | $192.2 | $145.6 | 32% | $6.9 | ($6.3) | (210)% | | epay | $237.4 | $235.8 | 1% | $27.5 | $26.2 | 5% | | Money Transfer | $359.4 | $339.0 | 6% | $32.6 | $33.3 | (2)% | | **Total** | **$787.2** | **$718.5** | **10%** | **$45.6** | **$36.7** | **24%** | - The EFT Processing segment's revenue grew **32%** YoY, driven by increased domestic and international cash withdrawal transactions as travel restrictions eased across Europe[135](index=135&type=chunk) - The Money Transfer segment's revenue increased **6%** YoY, fueled by growth in international-originated money transfers and direct-to-consumer digital transactions[158](index=158&type=chunk) - The company had working capital of **$1,436.2 million** as of March 31, 2023. It maintains access to **$715.9 million** under its Credit Facility, with no significant long-term debt principal payments due until March 2025[175](index=175&type=chunk)[176](index=176&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company faces market risks from variable-rate debt and foreign currency volatility, with significant non-U.S. dollar revenues, mitigated by derivatives - As of March 31, 2023, **29%** of the company's total debt was variable-rate, primarily under its Credit Facility, exposing it to interest rate risk[194](index=194&type=chunk) - For Q1 2023, **74.1%** of revenues were generated in non-U.S. dollar currencies. The company is particularly vulnerable to fluctuations in the euro, British pound, Australian dollar, and Polish zloty[196](index=196&type=chunk)[197](index=197&type=chunk) - A hypothetical **10%** fluctuation in key foreign currency exchange rates is estimated to have an annualized effect on reported net income and working capital of approximately **$125 million** to **$135 million**[197](index=197&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded disclosure controls were effective as of March 31, 2023, with no material internal control changes beyond PBMA integration - The CEO and CFO concluded that the company's disclosure controls and procedures were effective as of March 31, 2023[204](index=204&type=chunk) - No material changes were made to internal controls over financial reporting in Q1 2023, except for the integration of the acquired PBMA business[205](index=205&type=chunk) PART II—OTHER INFORMATION [Legal Proceedings](index=44&type=section&id=Item%201.%20Legal%20Proceedings) Management believes no current legal or regulatory proceedings would materially adversely affect the company's financial condition or operations - There are currently no legal or regulatory proceedings that management believes would have a material adverse effect on the company's financial condition or operations[208](index=208&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20Risk%20Factors) There have been no material changes to the risk factors previously disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2022 - No material changes to risk factors were reported compared to the 2022 Form 10-K[209](index=209&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=45&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) In Q1 2023, the company repurchased **276,400** shares for **$28.3 million**, with **$446.7 million** remaining for future repurchases Share Repurchases in Q1 2023 | Period | Total Shares Purchased | Average Price Paid per Share | | :--- | :--- | :--- | | Jan 2023 | — | $— | | Feb 2023 | — | $— | | Mar 2023 | 276,400 | $102.46 | | **Total** | **276,400** | **$102.46** | - As of March 31, 2023, the company had **$446.7 million** remaining under its share repurchase authorizations[211](index=211&type=chunk) [Exhibits](index=46&type=section&id=Item%206.%20Exhibits) This section lists the exhibits filed with the Form 10-Q, including CEO and CFO certifications and XBRL data files - The exhibits filed with this report include Section 302 and 906 certifications by the CEO and CFO, as well as XBRL financial data[213](index=213&type=chunk)