EVERTEC, Inc. announced robust financial results for the first quarter ended March 31, 2025, with total revenue increasing 11% year-over-year to $228.8 million. On a constant currency basis, revenue grew 15% to $235.5 million, driven by organic growth across all segments and contributions from acquisitions completed in the fourth quarter of 2024.
The company reported GAAP net income of $32.7 million, or $0.50 per diluted share, a significant increase from $16.0 million, or $0.24 per diluted share, in the prior year. Adjusted EBITDA rose by $11.3 million to $89.4 million, achieving a margin of 39.1%, up 100 basis points year-over-year.
Adjusted earnings per common share (EPS) increased 21% to $0.87, reflecting higher Adjusted EBITDA and lower cash interest expense due to debt repricing and lower interest rates. The company's strong performance led management to raise its full-year 2025 financial outlook.
The revised 2025 revenue guidance is now between $890 million and $905 million, representing 5.3% to 7.1% growth, an increase from the previous range. Adjusted EPS guidance was also raised to $3.38 to $3.55, indicating 3.0% to 8.2% growth over 2024. The Adjusted EBITDA margin is expected to remain between 39.5% and 40.5%.
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