AcquisitionsAug 6, 2026, 05:03 PM
EVERTEC Acquires Dimensa; Q2 Revenue Up 19.7%, Net Income Down 86.6%
AI Summary
EVERTEC, Inc. reported a significant increase in Q2 2026 revenues, up 19.7% to $274.8 million, driven by recent acquisitions including Dimensa S.A. for $199 million in April 2026. However, net income attributable to common stockholders sharply declined by 86.6% to $5.4 million, with diluted EPS falling to $0.09. The company also recorded an $8.9 million impairment charge on an equity investee and increased its Term Loan B Facility by $185 million, while repurchasing $67.0 million in common stock.
Key Highlights
- Acquired Dimensa S.A. for approximately $199 million in April 2026, enhancing product offerings in Brazil.
- Acquired Tecnobank Tecnologia Bancária S.A. for approximately $150 million in October 2025.
- Q2 2026 revenues increased 19.7% to $274.8 million from $229.6 million in Q2 2025.
- Q2 2026 net income attributable to common stockholders decreased 86.6% to $5.4 million.
- Diluted EPS for Q2 2026 was $0.09, down from $0.62 in Q2 2025.
- Recorded an $8.9 million impairment charge on an investment in an equity investee.
- Increased the TLB Facility by an additional $185 million in May 2026.
- Repurchased $67.0 million of common stock during the first six months of 2026.
Price Impact
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