EverCommerce Inc. - EVCM STOCK NEWS

EverCommerce Inc. (Nasdaq: EVCM), a leading provider of SaaS solutions for service SMBs, has announced changes to its Board of Directors. Alexi Wellman will join the board effective September 23, 2024, serving on the Company's Audit Committee. Wellman brings extensive experience in operations, financial management, accounting, audit processes, and corporate governance from her roles as CEO and CFO of Altbaba, Inc., vice president of finance and global controller at Yahoo Inc., CFO of Nebraska Book Company, and as a CPA and audit partner at KPMG LLP.

Concurrently, Debby Soo will be leaving the Company's Board, effective October 31, 2024, after serving for three and a half years. EverCommerce CEO and Chairman of the Board Eric Remer expressed excitement about Wellman's appointment and gratitude for Soo's contributions.

EverCommerce Inc. (NASDAQ: EVCM), a leading service commerce platform, has announced its participation in three upcoming investor conferences in August 2024. The company's management will be presenting and hosting meetings at these events:

1. Canaccord Genuity 44th Annual Growth Conference in Boston on August 13, featuring CFO Marc Thompson and incoming CFO.

2. Virtual Oppenheimer 27th Annual Technology, Internet & Communications Conference on August 14, with SVP & Head of Investor Relations Brad Korch hosting one-on-one meetings.

3. Deutsche Bank 2024 Technology Conference in Dana Point on August 29, where COO Evan Berlin and Brad Korch will host one-on-one meetings.

Live webcasts for these conferences will be available through the Investor Relations section of EverCommerce's website.

EverCommerce Inc. (Nasdaq: EVCM) has announced the appointment of Ryan Siurek as its new Chief Financial Officer (CFO), effective September 6, 2024. Siurek, who has been serving as the company's Chief Accounting Officer since July 2023, will replace current CFO Marc Thompson. With over 30 years of finance and accounting experience in public companies, Siurek brings valuable expertise to EverCommerce's leadership team.

CEO Eric Remer expressed confidence in Siurek's ability to lead the company's next growth phase. Siurek's previous roles include Chief Accounting Officer at Biodesix, Inc. and senior positions at Vail Resorts and Sprint The transition comes as Thompson, who has been CFO since 2016, departs to pursue other interests after contributing significantly to EverCommerce's growth, including its 2021 IPO and numerous M&A transactions.

EverCommerce (NASDAQ: EVCM) reported strong Q2 2024 financial results, with revenue of $177.4 million, up 4.3% year-over-year. Subscription and transaction fee revenue increased 5.2% to $137.0 million. The company posted a net loss of $3.4 million, or $(0.02) per share. Adjusted EBITDA rose to $41.2 million.

EverCommerce repurchased 2.5 million shares for $24.1 million during Q2, with $54.0 million remaining in the repurchase program. The company provided guidance for Q3 2024, expecting revenue between $172-$176 million and Adjusted EBITDA of $39-$42 million. For full-year 2024, revenue is projected at $676-$696 million with Adjusted EBITDA of $167-$176 million.

EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, has announced the date for its second quarter 2024 earnings call. The company will report its financial results on Tuesday, August 6, 2024, after the U.S. financial markets close. Management will host a conference call on the same day at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the results and provide a business update.

Investors can access both telephonic and webcast options for the call through the company's Investor Relations page. A replay of the call will also be archived on the website for future reference.

EverCommerce (NASDAQ: EVCM) has announced a $50 million increase in its share repurchase program, bringing the total authorization to $200 million. This program, extended through December 31, 2025, has already seen $136 million spent on repurchasing approximately 14.6 million shares. CEO Eric Remer highlighted the company's improved operational cash flow and margin expansion over the last 12-18 months as factors enabling this decision. The repurchases can occur in open market or negotiated transactions and will adhere to Rule 10b-18 and potentially Rule 10b5-1 plans. The program is funded by cash on hand and is flexible in its execution, allowing modifications or discontinuation at the company's discretion.

EverCommerce, a leading service commerce platform, announced its participation in upcoming investor conferences. Chief Financial Officer Marc Thompson will present at the JP Morgan Annual Global Technology, Media and Communications Conference in Boston on May 22, 2024, at 9:20 a.m. ET. SVP and Head of Investor Relations Brad Korch will host investor meetings at the Jefferies Software Conference in Newport, California on May 29, 2024. Marc Thompson will also present at the Stifel 2024 Cross Sector Insight Conference in Boston on June 5, 2024, at 9:10 a.m. ET. Live webcasts of these events will be available on the company's Investor Relations website.

EverCommerce Inc. (NASDAQ: EVCM) announced its first quarter 2024 financial results, reporting $170.1 million in revenue, a 5.6% increase from the previous year. The company's pro forma revenue, excluding fitness, was $164.7 million, up 5.7%. Subscription and transaction fee revenue reached $134.7 million, a rise of 8.8%. However, EverCommerce reported a net loss of $16.3 million for the quarter. Adjusted EBITDA was $40.9 million, a significant improvement from the previous year. The company's CEO highlighted the positive financial and operating metrics, exceeding guidance expectations, and discussed future growth strategies.

EverCommerce Inc. shared the results of a survey revealing that 74% of service-based small business owners are not familiar with National Small Business Week, presenting an opportunity for increased education and growth. The survey highlights the positive impact of the week on customer engagement, with personal service and convenient access to products being key benefits. Referrals and social media are the top sales drivers for service-based small businesses. EverCommerce provides tools to automate processes, generate new business, and enhance customer loyalty, helping SMB owners run their businesses efficiently.