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EVO Payments, Inc. (NASDAQ: EVOP) reported a 3% increase in revenue for Q3 2022, totaling $138.7 million, compared to $135.0 million in Q3 2021. Adjusted revenue rose 16% to $145.6 million. However, net income dropped 46% to $3.8 million. For the nine months ended September 30, 2022, reported revenue grew 11% to $403.3 million, with an 83% increase in net income to $20.2 million. Adjusted EBITDA for the quarter increased 11% to $57.2 million. The company is progressing on its merger with Global Payments, expecting closure by Q1 2023.
EVO Payments, Inc. (NASDAQ: EVOP) will announce its third quarter 2022 financial results on November 2, 2022, after market close. Following its merger agreement with Global Payments, which offers $34.00 per share, EVO's enterprise value is set at $4.0 billion. Due to this merger, EVO will not conduct a conference call for the financial results. As a global provider of payment technology, EVO serves merchants in over 50 markets and 150 currencies, delivering innovative payment solutions that enhance business growth and customer loyalty.
EVO Payments (NASDAQ: EVOP) reported second quarter 2022 results, revealing a revenue increase of 13% to $137.7 million, up from $122.2 million last year. Net income surged 66% to $11.3 million. Adjusted EBITDA rose 21% to $51.7 million, with a margin expansion to 37.6%. International revenue grew 33%, contributing 62% of total revenue. Additionally, on August 1, 2022, EVO announced a merger agreement with Global Payments to be acquired for $34.00 per share, valuing the company at $4.0 billion. This transaction is expected to enhance EVO's resources and capabilities.
Global Payments (NYSE: GPN) announced its acquisition of EVO Payments (NASDAQ: EVOP) in an all-cash transaction valued at
EVO Payments, Inc. (NASDAQ: EVOP) plans to announce its second quarter 2022 financial results on August 3, 2022, before market opening. An executive conference call will occur at 8:00 a.m. ET on the same day, accessible via phone or a live webcast on the company's website. EVO offers diverse payment solutions across over 50 markets and 150 currencies, emphasizing secure, reliable services to promote business growth and customer loyalty in the global market.
EVO Payments, Inc. (NASDAQ:EVOP) has acquired North49 Business Solutions, a certified Sage Development Partner. This acquisition enhances EVO's B2B integrated payment solutions for Sage customers, expanding its ERP integrations to include Sage 300 and Sage Intacct. North49's customer portal is endorsed by Sage, facilitating streamlined payment workflows. The deal aims to strengthen EVO's market position, enabling the company to attract new partners and merchants within the Sage ecosystem. Financial terms of the transaction were not disclosed.
EVO Payments, Inc. (NASDAQ: EVOP) announced its participation in multiple upcoming investor conferences. Brendan F. Tansill will present at the Barclays Emerging Payments Forum on May 17, 2022, at 4:40 p.m. EDT. CEO James G. Kelly is set to present at the J.P. Morgan Global Technology, Media and Communications Conference in Boston on May 23 at 3:10 p.m. EDT, followed by another presentation at the Cowen Technology, Media and Telecom Conference in New York on June 1 at 3:55 p.m. EDT. CFO Thomas E. Panther will present at the William Blair Growth Stock Conference in Chicago on June 6 at 2:00 p.m. CDT.
Webcasts of these events will be available on the Company’s investor relations website.
Evo Payments, Inc. (NASDAQ: EVOP) reported its Q1 2022 results, revealing revenue of $126.9 million, a 20% year-over-year increase. On a currency neutral basis, revenue grew by 23%. The company achieved net income of $5.2 million, in contrast to a net loss of $2.8 million last year. Adjusted EBITDA rose 18% to $40.0 million, with a 21% increase on a currency neutral basis. For 2022, Evo expects revenue between $550 million and $560 million (11% to 13% growth) and net income between $47 million and $54 million.
EVO Payments (NASDAQ: EVOP) has announced that its PayFabric application is now an Acumatica-Certified Application. This recognition by Acumatica, a leading cloud ERP provider, reflects EVO's commitment to quality and alignment with Acumatica's standards. The certification allows EVO to offer its payment integration services to Acumatica users, enhancing their accounts receivable processes. Furthermore, this integration enables reseller partners to provide a bundled solution combining Acumatica's ERP and EVO's payment solutions, enhancing their market competitiveness.
EVO Payments, Inc. (NASDAQ:EVOP) is set to announce its Q1 2022 financial results before market opening on May 4, 2022. An investor conference call will follow at 8:00 a.m. ET on the same day, accessible via dial-in or live webcast on their website. EVO is a prominent global provider of payment technologies and solutions, serving over 50 markets and dealing in 150 currencies worldwide, aimed at enhancing business growth and customer loyalty.
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