euronet worldwide inc (EEFT) Key Developments
Euronet Worldwide, Inc. Adds Three New Countries to its Portfolio of Independent ATM Deployment Networks
Jun 15 15
Euronet Worldwide, Inc. announced the addition of three new countries to its portfolio of Independent ATM Deployment (IAD) networks. The new ATMs in Malaysia, Cyprus and Portugal expand Euronet's position as the world's fastest growing and most geographically diverse independent ATM deployer. While expanding geographically, Euronet is simultaneously expanding its value added services through several new agreements, which when fully implemented, will add these services to more than 165,000 bank owned ATMs in 21 countries across six continents. This value added service expansion complements Euronet's existing ATM portfolio where it provides cash withdrawal, balance inquiry, managed services and a comprehensive suite of value added services on nearly 21,000 ATMs across 25 countries in Europe and Asia. The launch of the ATM network in Malaysia represents Euronet's first independent network in Asia Pacific, while the independent network in Portugal marks Euronet's first EFT presence in the country. With the addition of these new markets, Euronet now owns and operates IAD networks in 17 countries including: Poland, Germany, France, Portugal, Spain, Italy, Greece, Cyprus, Romania, Ukraine, Croatia, Hungary, Denmark, Austria, Malaysia, the Czech Republic and the United Kingdom.
Euronet Worldwide Seeks Acquisitions
Apr 29 15
Euronet Worldwide, Inc. (NasdaqGS:EEFT) is seeking acquisitions. Dean Scarborough, Avery's Chairman & Chief Executive Officer, said "We do not have significant US dollar demands, so we generally leave a majority of our free cash flows in the local currencies to fund growth opportunities within the existing business and acquisitions."
Euronet Worldwide Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015
Apr 28 15
Euronet Worldwide Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were $395.2 million, a 12% increase from $353.3 million a year ago. Operating income was $32.2 million, a 32% increase from $24.4 million a year ago. Adjusted EBITDA was $52.4 million, a 20% increase from $43.6 million a year ago. Net income attributable to company was $7.2 million or $0.13 diluted earnings per share, compared with net income of $16.0 million or $0.30 diluted earnings per share a year ago. Adjusted cash earnings per share were $0.56, a 22% increase from $0.46 a year ago. Income before income taxes was $14.1 million compared to $21.6 million a year ago. Adjusted cash earnings were $30.4 million compared to $24.5 million a year ago.
The company currently expects adjusted cash earnings per share for the second quarter of 2015, assuming foreign currency exchange rates remain stable through the end of the quarter, to be approximately $0.70.
Euronet Worldwide, Inc., Annual General Meeting, May 21, 2015
Apr 17 15
Euronet Worldwide, Inc., Annual General Meeting, May 21, 2015., at 13:00 Central Standard Time. Location: 3500 College Boulevard. Agenda: To consider election of the company's two nominees for Director, each to serve a three-year term expiring upon the 2018 Annual Meeting or until a successor is duly elected and qualified; to consider ratification of the appointment of KPMG LLP as the company's independent registered public accounting firm for the year ending December 31, 2015; to consider advisory vote to approve executive compensation; and to give consideration of such other business as may properly come before the meeting or any adjournment of the meeting.
Euronet Worldwide, Inc. to Report Q1, 2015 Results on Apr 29, 2015
Apr 14 15
Euronet Worldwide, Inc. announced that they will report Q1, 2015 results at 9:00 AM, US Eastern Standard Time on Apr 29, 2015