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EX - 99.1 2 ex99103312021.htm EX - 99.1 ● evertec ● SAN JUAN , PUERTO RICO - April 29 , 2021 - EVERTEC , Inc. ( NYSE : EVTC ) ( " Evertec " or the " Company " ) today announced results for the first quarter ended March 31 , 2021 . First Quarter 2021 Highlights EVERTEC REPORTS FIRST QUARTER 2021 RESULTS INCREASES ANNUAL GUIDANCE Revenue increased 14 % to $ 139.5 million GAAP Net Income attributable to common shareholders was $ 35.5 million or $ 0.49 per diluted share Adjusted EBITDA increased 22 % to $ 68.9 million Adjusted earnings per common share was $ 0.62 , an increase of 35 % Share repurchases totaled $ 14.3 million Exhibit 99.1 First Quarter 2021 Results Mac Schuessler , President and Chief Executive Officer stated , " In the first quarter , we delivered strong results as we lapped the one - year anniversary of the pandemic . We benefited from volume growth and continued increase of our digital solutions in Puerto Rico as well as the new client contracts in Latin America . Additionally , as a result of the strong first quarter , the incremental federal stimulus package , as well as the execution against our share repurchase program , we are increasing our outlook for 2021 results . " Revenue . Total revenue for the quarter ended March 31 , 2021 was $ 139.5 million , an increase of 14 % compared with $ 121.9 million in the prior year . Revenue increase in the quarter reflected sales volume growth with a high average ticket , as well as continued growth in our digital solutions in Puerto Rico . Additionally , revenue growth in Latin America was driven by new client contracts . Revenue growth also includes approximately $ 1 million in one - time hardware and software sales . Net Income attributable to common shareholders . For the quarter ended March 31 , 2021 , GAAP Net Income attributable to common shareholders was $ 35.5 million , or $ 0.49 per diluted share , an increase of $ 13.3 million or $ 0.19 per diluted share as compared to the prior year . Adjusted EBITDA . For the quarter ended March 31 , 2021 , Adjusted EBITDA was $ 68.9 million , an increase of 22 % compared to the prior year . Adjusted EBITDA margin ( Adjusted EBITDA as a percentage of total revenues ) was 49.4 % , an increase of approximately 320 basis points from the prior year . The year over year increase in margin primarily reflects the benefit of higher payment revenues in both Puerto Rico and Latin America while at the same time controlling costs .