Euronet Worldwide(EEFT) - 2024 Q3 - Quarterly Results

Financial Performance - Revenues for Q3 2024 were $1,099.3 million, a 9% increase from $1,004.0 million in Q3 2023[1] - Net income attributable to Euronet was $151.5 million, or $3.21 diluted earnings per share, compared to $104.2 million, or $2.05 diluted earnings per share in the prior year[2] - Adjusted EPS for Q3 2024 was $3.03, an 11% increase from $2.72 in Q3 2023[3] - The EFT Processing Segment reported revenues of $373.0 million, an 8% increase from $345.8 million[5] - The Money Transfer Segment generated revenues of $438.2 million, an 11% increase from $395.9 million[8] - Total revenues for the three months ended September 30, 2024, increased to $1,099.3 million, up from $1,004.0 million in the same period of 2023, representing a growth of approximately 9.5%[21] - Net income attributable to Euronet Worldwide, Inc. for the three months ended September 30, 2024, was $151.5 million, compared to $104.2 million for the same period in 2023, reflecting a year-over-year increase of approximately 45.3%[24] - Operating income for the three months ended September 30, 2024, was $182.2 million, compared to $167.0 million for the same period in 2023, showing an increase of about 9.0%[21] - Adjusted EBITDA for the three months ended September 30, 2024, was $225.7 million, compared to $212.5 million for the same period in 2023, reflecting an increase of approximately 6.2%[22] - Earnings per share attributable to Euronet Worldwide, Inc. stockholders for the three months ended September 30, 2024, was $3.21, up from $2.05 in the same period of 2023, indicating a growth of approximately 56.6%[21] Cash and Indebtedness - Unrestricted cash and cash equivalents were $1,524.1 million as of September 30, 2024, up from $1,271.8 million as of June 30, 2024[11] - Cash and cash equivalents increased to $1,524.1 million as of September 30, 2024, compared to $1,254.2 million as of December 31, 2023, representing a growth of about 21.5%[20] - Euronet's total indebtedness was $2,278.8 million as of September 30, 2024, compared to $2,270.2 million as of June 30, 2024[11] Share Repurchase and Future Expectations - The company repurchased 1 million shares for $101.3 million during Q3 2024, which is expected to improve future earnings per share by 2%[11] - Euronet expects adjusted EPS growth of 10-15% year-over-year for 2024, consistent with historical growth rates[4] Assets and Liabilities - Total current assets as of September 30, 2024, amounted to $4,385.8 million, an increase from $4,162.7 million as of December 31, 2023, indicating a growth of about 5.4%[20] - Total liabilities increased to $4,927.1 million as of September 30, 2024, compared to $4,644.7 million as of December 31, 2023, representing an increase of approximately 6.1%[20] Operating Expenses and Foreign Currency Impact - Total operating expenses for the three months ended September 30, 2024, were $917.1 million, an increase from $837.0 million in the same period of 2023, reflecting a rise of approximately 9.6%[21] - The company reported a foreign currency exchange loss of $27.4 million for the three months ended September 30, 2024, compared to a gain of $8.8 million in the same period of 2023[24] Transaction Growth - Total transactions in the EFT Processing Segment increased by 34% to 2,982 million[5]