Euronet Worldwide reports Q2 earnings and revenue rise

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.