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EVO Payments expects to grow revenue up to 12% YOY in '18

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EVO Payments expects to grow revenue up to 12% YOY in '18

EVO Payments Inc. on Aug. 8 provided its full-year 2018 financial guidance and reported its second-quarter earnings results.

For full year 2018, the company projects revenue in the range of $556 million to $564 million, reflecting growth of 10% to 12% over 2017's reported results and 9% to 10% over currency-neutral 2017 results.

Adjusted EBITDA for the company is expected to be in the range of $142 million to $146 million, reflecting growth of 11% to 14% over adjusted EBITDA from 2017, and of 10% to 13% over currency-neutral adjusted EBITDA of 2017.

Pro-forma adjusted net income per share is expected to be in the range of 44 cents to 52 cents for full-year 2018.

The S&P Global Market Intelligence consensus normalized EPS estimate for the year is 56 cents.

EVO Payments reported second-quarter pro forma adjusted net income of $10.3 million, or 13 cents per share, compared with $6.5 million in the year-ago period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the quarter was 12 cents.

On a GAAP basis, net income attributable to the company was $16.7 million, or 96 cents per share, representing net income from the initial public offering date forward.