Workflow
International Money Express(IMXI)
icon
Search documents
International Money Express(IMXI) - 2024 Q4 - Annual Results
2025-02-26 12:51
Exhibit 99.1 Intermex Reports Fourth-Quarter and Full-Year Results Company delivers ~10% EPS growth in 2024 Company to Host Conference Call Today at 9 a.m. ET MIAMI, (February 26, 2025) – International Money Express, Inc. (NASDAQ: IMXI) ("Intermex" or the "Company"), one of the nation's leading omnichannel money transfer services to Latin America and the Caribbean, today reported operating results for the fourth quarter and full-year 2024. Financial performance highlights for the full-year: Financial perfor ...
Intermex Launches Wire Transfers via WhatsApp, Making Money Transfers Easier Than Ever
Newsfilter· 2025-02-20 21:00
MIAMI, Feb. 20, 2025 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ:IMXI) ("Intermex" or the "Company"), a leading omnichannel money remittance and financial services provider, is making it easier than ever to send money by launching wire transfers through WhatsApp, the messaging app of choice for millions of Latinos. With 95% of U.S. Hispanics using WhatsApp on their smartphones, this new feature brings fast, secure, and convenient money transfers right into the app they already trust and lo ...
Intermex to Release Fourth Quarter and Full Year 2024 Earnings
Globenewswire· 2025-02-12 13:00
Followed by Investor DayMIAMI, Feb. 12, 2025 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), a leading omnichannel money remittance services company, will release Fourth Quarter and Full Year 2024 earnings before the start of trading on Wednesday, February 26, 2025. The Intermex management team will be hosting a conference call on the same day at 9:00 AM ET. Interested parties are invited to join the conference and gain firsthand knowledge about Intermex's ...
Here's What Key Metrics Tell Us About International Money Express (IMXI) Q3 Earnings
ZACKS· 2024-11-08 16:30
For the quarter ended September 2024, International Money Express (IMXI) reported revenue of $171.95 million, down 0.3% over the same period last year. EPS came in at $0.61, compared to $0.51 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $173.1 million, representing a surprise of -0.67%. The company delivered an EPS surprise of +5.17%, with the consensus EPS estimate being $0.58.While investors closely watch year-over-year changes in headline numbers -- revenue and ...
International Money Express (IMXI) Surpasses Q3 Earnings Estimates
ZACKS· 2024-11-08 15:11
International Money Express (IMXI) came out with quarterly earnings of $0.61 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.17%. A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.55, delivering a surprise of -1.79%.Over the last four quarters, t ...
Intermex Reports Third-Quarter Results
GlobeNewswire News Room· 2024-11-08 13:00
Company to Host Conference Call Today at 9 a.m. ET MIAMI, Nov. 08, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI) (“Intermex” or the “Company”), one of the nation’s leading omnichannel money transfer services to Latin America and the Caribbean, today reported strong operating results for the third quarter of 2024. Financial performance highlights for the third quarter of 2024 compared with the same period last year are: Revenues of $171.9 million, a decrease of 0.3%.Net income of ...
International Money Express(IMXI) - 2024 Q3 - Quarterly Report
2024-11-08 12:31
Financial Performance - Total revenues for the three months ended September 30, 2024, were $171,947 thousand, a slight decrease of 0.3% compared to $172,437 thousand for the same period in 2023[13]. - Net income for the three months ended September 30, 2024, was $17,297 thousand, representing an increase of 16.6% from $14,832 thousand in the prior year[13]. - Operating income increased to $27,825 thousand for the three months ended September 30, 2024, up from $24,252 thousand in the same period last year, reflecting a growth of 10.6%[13]. - Basic earnings per share for the three months ended September 30, 2024, were $0.53, up from $0.42 in the prior year, reflecting a growth of 26.2%[13]. - Net income for the nine months ended September 30, 2024, was $43,436, compared to $42,016 for the same period in 2023, reflecting a year-over-year increase of 3.4%[18]. - Total revenues for the nine months ended September 30, 2024, were $493.9 million, a rise of $6.9 million, or 1.4%, from $486.9 million for the same period in 2023[169]. - Basic Earnings per Share for the nine months ended September 30, 2024, was $1.32, representing an increase of $0.15, or 12.8%, compared to $1.17 for the same period in 2023[181]. - Adjusted Net Income for the nine months ended September 30, 2024, was $52.6 million, an increase of $1.6 million, or 3.1%, from $51.0 million for the same period in 2023[183]. Cash and Assets - Cash and cash equivalents decreased to $156,611 thousand as of September 30, 2024, down from $239,203 thousand at the end of 2023, a decline of 34.5%[12]. - Total assets decreased to $480,923 thousand as of September 30, 2024, compared to $576,812 thousand at the end of 2023, a reduction of 16.6%[12]. - The company reported a net accounts receivable of $126.3 million as of September 30, 2024, down from $155.2 million at the end of 2023[42]. - The company’s retained earnings increased to $242,085 thousand as of September 30, 2024, compared to $198,649 thousand at the end of 2023, an increase of 21.8%[12]. - Cash flows from operating activities for the nine months ended September 30, 2024, were $57,968, a decrease from $82,440 in the prior year[18]. Liabilities and Debt - Total current liabilities decreased to $180,890 thousand as of September 30, 2024, down from $223,373 thousand at the end of 2023, a decrease of 19.0%[12]. - The company’s long-term liabilities decreased to $158,188 thousand as of September 30, 2024, from $204,402 thousand at the end of 2023, a decline of 22.6%[12]. - As of September 30, 2024, the Company had a total debt of $138.2 million, an increase from $114.0 million as of December 31, 2023[63]. - The Second Amended and Restated Credit Agreement provides for a new $425.0 million multi-currency revolving credit facility, maturing on August 29, 2029[66]. - The Company is required to maintain a quarterly minimum interest coverage ratio of 3.00:1.00 and a maximum consolidated leverage ratio of 3.50[73]. Expenses - The company reported depreciation and amortization expenses of $9,981 for the nine months ended September 30, 2024, compared to $9,511 in 2023[18]. - The provision for credit losses increased to $5,036 in 2024 from $3,770 in 2023, indicating a rise of 33.5%[18]. - Salaries and benefits decreased to $17.2 million for the three months ended September 30, 2024, down by $0.6 million, or 3%, from $17.8 million for the same period in 2023[142]. - Other selling, general and administrative expenses were $12.1 million for the three months ended September 30, 2024, a decrease of $0.8 million, or 6.2%, from $12.9 million for the same period in 2023[143]. - Interest expense increased by $0.4 million or 14.3% to $3.2 million for the three months ended September 30, 2024, compared to $2.8 million for the same period in 2023[147]. Acquisitions and Investments - The Company completed the acquisition of a money services entity in the UK for approximately $1.4 million in cash, enabling entry into new markets for outbound remittance services[29][30]. - For the three months ended September 30, 2024, the acquired entity contributed $95.0 thousand in revenue and incurred a net loss of $65.0 thousand[33]. - The goodwill from the acquisition is valued at $1.2 million, reflecting the expected synergies from the combined operations[32]. Stock and Share Repurchase - The company repurchased 2,739,499 shares of its common stock for an aggregate purchase price of $54.9 million during the nine months ended September 30, 2024, compared to 1,734,481 shares for $40.6 million in the same period of 2023, representing a 35.2% increase in repurchase value[93]. - As of September 30, 2024, there was $80.0 million available for future share repurchases under the Repurchase Program[93]. - The Company has a stock repurchase program authorized for up to $200.7 million, with no expiration date[91]. Market and Economic Conditions - Money remittance services to Latin America and the Caribbean are the primary source of revenue, with significant reliance on consumers without traditional banking relationships[109]. - Political and economic instability in key Latin American markets continues to affect business, with high inflation and low consumer confidence being notable challenges[118]. - The company operates in all 50 states in the U.S., two U.S. territories, and eight other countries, providing remittance services to over 60 countries[108].
Intermex to Release Third Quarter 2024 Earnings
GlobeNewswire News Room· 2024-10-14 20:00
MIAMI, Oct. 14, 2024 (GLOBE NEWSWIRE) -- International Money Express, Inc. (NASDAQ: IMXI), also known as Intermex, will release its Third Quarter 2024 earnings before the start of trading on Friday, November 8, 2024. The Intermex management team will be hosting a conference call on the same day at 9:00 am ET. Interested parties are invited to join the conference and gain firsthand knowledge about Intermex's financial performance and operational achievements through the following channels: A live broadcast o ...
Is the Options Market Predicting a Spike in International Money Express (IMXI) Stock?
ZACKS· 2024-08-23 14:51
Investors in International Money Express, Inc. (IMXI) need to pay close attention to the stock based on moves in the options market lately. That is because the Sept 20, 2025 $10 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the oth ...
International Money Express(IMXI) - 2024 Q2 - Earnings Call Presentation
2024-08-07 14:56
Second Quarter 2024 Earnings Presentation August 7, 2024 Safe Harbor Statement / Non-GAAP Financial Measures This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, which reflect our current views concerning certain events that are not historical facts but could have an effect on our future performance, including but without limitation, statements regarding our plans, objectives, financial performance, business ...