| 股东后感 ● 富 股权的如 | | | | | | | 心天眼直 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 216 股东德具 历史保护便具 股权咖喱原历理50 | | | | REMAR | 图书馆团团团 | 包 导出 | | 序号 | | 股东省称 | 接触的例: | 认感过资额力元!! | | 不得用处日期: 就次段的目前: 关键中国和社会 | | | | 南京银门股份有限公司 富 + # *** NEESS B 电管理企 ABI正网上市) 云火爆发 图书图得 | | 64.1611% @ | 364956 4429 | 2025-12-03 | 2015-05-14 | 商界窗门 南甲原行 | | 2 | 日給 洋園日の輸出（BWD DVBIBYS） | | 30.2162% @ | 181207 2196 | 2026-12-02 | 2022-08-18 | . | | 3 | 一切 国际金融公司 | | 4.1227% @ | 24736.3374 | 2025-12-09 | 2024-09-14 | 国际金融公司 | | ...

Financial Data and Key Metrics Changes - For the third quarter, the company reported adjusted revenue of $1.033 billion, reflecting a decline of 1% year-over-year when excluding impacts from Iraq [7][25] - Adjusted earnings per share (EPS) was $0.47, slightly up from $0.46 in the same quarter last year [9][25] - Adjusted operating margins improved to 20%, up from 19% in the prior year [25][26] Business Line Data and Key Metrics Changes - Consumer services adjusted revenue surged by 49%, driven by the acquisition of Eurochange and a strong performance in the travel money segment [9][26] - Consumer money transfer transactions decreased by 2.5% in the quarter, excluding Iraq, while average principal per transaction increased by approximately 6% [8][28] - The branded digital business saw a 12% increase in transactions and a 6% rise in adjusted revenue, marking the eighth consecutive quarter of mid-single-digit or better revenue growth [9][29] Market Data and Key Metrics Changes - The retail business in North America faced challenges due to geopolitical factors, particularly in the U.S. to Mexico corridor, which is critical for the company [5][11] - Transaction growth was positive in corridors such as Brazil, India, and Vietnam, while declines were noted in Mexico, El Salvador, and Peru [11][12] - The company noted improvements in transaction trends in the latter part of September and early October, suggesting potential stabilization [85] Company Strategy and Development Direction - The company aims to enhance its retail model in the U.S. and is optimistic about the long-term outlook, expecting migration patterns to stabilize [6][7] - The acquisition of Intermex is expected to accelerate the company's retail strategy and improve its competitive positioning [6][82] - The company is focused on becoming more digital-centric, with over 40% of principal moved through digital channels and a growing digital wallet strategy [15][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macroeconomic environment, citing declining inflation rates and stable GDP outlooks [10] - The company is adapting to changing migration policies and customer behaviors, which have impacted transaction frequencies [11][66] - Management believes that the long-term trajectory for global migration remains positive, despite short-term headwinds [13][23] Other Important Information - The company has generated over $400 million in operating cash flow year-to-date, with a strong balance sheet showing cash and cash equivalents of approximately $1 billion [31] - The company plans to return over $120 million to shareholders through dividends and share repurchases in the third quarter [31] Q&A Session Summary Question: Recent trends in retail and North America segment - Management noted improvements from lows in mid-summer, particularly in the Mexico corridor, but emphasized that trends remain lumpy [38] Question: Visibility on travel money growth - Management indicated that travel money is expected to grow significantly, with a strong management team in Europe driving expansion [40][41] Question: Long-term digital penetration outlook - Management expects digital penetration to continue growing at double-digit rates, with significant opportunities in specific corridors [66] Question: Dynamic pricing in Spain and its rollout - Management confirmed that dynamic pricing has been rolled out in a significant portion of the European market and plans to expand it in the U.S. [72] Question: Future cost efficiency programs - Management hinted at ongoing opportunities for cost efficiencies and plans to discuss this in detail at the upcoming Investor Day [75] Question: Integration of Intermex locations - Management intends to maintain the Intermex brand and model while integrating its strengths into the Western Union framework [82]