Euronet Worldwide reports Q2 earnings and revenue rise

Source: Euronet Worldwide

Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading electronic payments provider, today announced its second quarter 2006 financial results.

Euronet's second quarter 2006 financial highlights included:


  • Consolidated revenues of $153.8 million, compared to $132.2 million for the second quarter 2005
  • Adjusted EBITDA of $21.3 million, compared to $18.3 million for the second quarter 2005
  • Operating income of $12.2 million, compared to $11.3 million for the second quarter 2005
  • Net income of $11.1 million, or $0.28 diluted earnings per share, compared to net income for the second quarter 2005 of $2.7 million, or $0.07 per share
  • In accordance with Statement of Financial Accounting Standards No. 123R ("SFAS 123R"), which the Company retroactively adopted on January 1, 2006, share-based compensation expense was $1.9 million for the second quarter 2006, compared to $1.3 million for the second quarter 2005
  • The second quarter 2006 net income included a foreign exchange gain of $2.8 million. Excluding this gain and the share-based compensation expense noted above, diluted earnings per share were $0.26, or $11.1 million, for the second quarter 2006. The second quarter 2005 net income included a foreign exchange loss of $4.7 million; excluding this loss and the share-based compensation expense noted above, diluted earnings per share were $0.23, or $8.7 million.
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