News

Euronet reports third quarter 2011 financial results

October 25, 2011

Transaction processing company Euronet Worldwide Inc. yesterday reported its third quarter 2011 financial results.

The consolidated results for the third quarter 2011 include:

• Revenues of $299.5 million, a 15 percent increase from $260.2 million for the third quarter 2010
• Operating income of $20.1 million, a 1 percent decrease from $20.3 million for the third quarter 2010
• Adjusted EBITDA of $37.6 million, a 2 percent increase from $36.9 million for the third quarter 2010
• Net loss attributable to Euronet of $3.2 million or $0.06 diluted loss per share, compared to income of $21.0 million or $0.41 diluted earnings per share, for the third quarter 2010
• Adjusted cash earnings per share of $0.37, compared to $0.34 for the third quarter 2010
• Transactions of 524 million, compared to 431 million for the third quarter 2010

"We are pleased with the trend of increasing sequential cash EPS from $0.30 in the first quarter to $0.35 in the second quarter and now to $0.37 in the third quarter," said Euronet's Chairman and Chief Executive Officer Michael J. Brown. "After adjusting for the German ATM rate change announced in the first quarter, revenues and adjusted EBITDA would have grown in all segments when compared to the third quarter 2010. This growth trend is the direct result of our focus on distributing more products in more markets."

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