Global Payments, Inc. - GPN STOCK NEWS

Global Payments Inc. (NYSE: GPN) announced that CEO Jeff Sloan will present at the Citi FinTech Conference on November 15, 2022, at 8 a.m. ET in New York City. The presentation can be accessed through a live webcast on the company’s investor relations website, with a replay available afterward.

Global Payments is a leading provider of payment technology and software solutions, serving customers in over 170 countries with approximately 25,000 team members globally.

Global Payments Inc. (GPN) reported a strong third quarter for 2022, achieving record revenues of $2.29 billion, up from $2.20 billion year-over-year. Adjusted net revenues rose by 3%, reaching $2.06 billion, while adjusted earnings per share increased by 14% to $2.48. The company obtained HSR clearance for its acquisition of EVO Payments and the divestiture of Netspend's consumer business. They expect adjusted net revenue growth of 10% to 11% for 2022, confirming a positive outlook despite global economic challenges.

Global Payments Inc. (NYSE: GPN) will announce its third quarter 2022 financial results on October 31, 2022, before the market opens. A live audio webcast to discuss these results will take place at 8:00 a.m. EDT on the same day. Interested parties can access the webcast through the investor relations page on the company's website. Global Payments is a leading provider of payment technology and software solutions, operating in over 170 countries with a global workforce of approximately 25,000 team members.

Global Payments (NYSE: GPN) announced that CEO Jeff Sloan will present at the Deutsche Bank Technology Conference on August 31, 2022, at 1:30 p.m. ET. The presentation will be accessible via a live webcast on the company's investor relations website, which will also host a replay after the event.

Global Payments is a leading payment technology provider, operating in over 170 countries with approximately 25,000 employees. As a Fortune 500 company, it focuses on delivering innovative software solutions to enhance business operations worldwide.

Rêv Worldwide and Global Payments (GPN) have announced a definitive agreement for Rêv to acquire the Netspend consumer business from GPN in an all-cash deal valued at $1 billion. This acquisition revives the involvement of Netspend’s founders, Roy and Bertrand Sosa, aiming to leverage strategic assets for growth in the consumer financial services market.

The transaction, expected to close in Q1 2023, allows Global Payments to focus on its core B2B operations. The global prepaid cards market is projected to grow from $1.6 trillion in 2020 to $2.7 trillion by 2026.

Global Payments Inc. (GPN) reported second-quarter 2022 results with revenues of $2.28 billion, up from $2.14 billion year-over-year. Adjusted net revenues increased 6.1% to $2.06 billion. The company announced a $4.0 billion acquisition of EVO Payments, a $1.5 billion strategic investment from Silver Lake, and a $1.0 billion sale of Netspend's consumer assets. For 2022, constant currency adjusted net revenue growth is projected at 10-11%, with adjusted earnings per share expected to rise 17-20%. A dividend of $0.25 per share was approved, payable September 30, 2022.

Global Payments (NYSE: GPN) announced its acquisition of EVO Payments (NASDAQ: EVOP) in an all-cash transaction valued at $34.00 per share, totaling $4.0 billion. This strategic acquisition, approved by both boards, aims to enhance Global Payments' reach in integrated and B2B payments, expanding its customer base to over 4.5 million merchants and 1,500 financial institutions globally. Expected synergies include $125 million in run-rate savings and accretion in the first year post-close, anticipated by Q1 2023.

Global Payments Inc. (NYSE: GPN) will release its second quarter 2022 financial results before the market opens on August 1, 2022.

Management will host a live audio webcast at 8:00 a.m. EDT on the same day to discuss these results. Interested parties can access it on the investor relations page of the company's website. Global Payments, a Fortune 500 company, delivers innovative software and services globally with a workforce of approximately 25,000 across over 170 countries.

Global Payments Inc. (NYSE: GPN) announced the retirement of Chief Financial Officer Paul M. Todd, effective June 30, 2022. Josh J. Whipple, previously Senior Executive Vice President and Chief Strategy and Enterprise Risk Officer, will take over as CFO beginning July 1, 2022. Todd contributed to the successful merger between TSYS and Global Payments and will remain as a senior advisor for a smooth transition. CEO Jeff Sloan praised both Todd's and Whipple's leadership, emphasizing their contributions to Global Payments' growth and technological advancements.