Euronet Worldwide – EEFT – Business delivered very strong second quarter earnings

Euronet Worldwide, Inc. (NASDAQ: EEFT), a leading electronic payments provider, reports second quarter 2012 financial results.

EEFT – Euronet reports the following consolidated results for the second quarter 2012 compared with the same period of 2011:

• Revenues of $302.4 million, an 8% increase from $279.8 million (18% increase on a constant currencybasis).
• Operating income of $19.9 million, a 6% increase from $18.8 million (19% increase on a constant currency basis).
• Adjusted EBITDAof $39.0 million, a 4% increase from $37.4 million (16% increase on a constant currency basis).
• Net income attributable to Euronet of $5.7 million or $0.11 diluted earnings per share, compared with net income of $11.9 million or $0.23 diluted earnings per share.
• Adjusted cash earnings per share of $0.39, compared with $0.35.
• Transactions of 570 million, a 13% increase from 503 million.

“I am pleased our business delivered very strong second quarter earnings with consolidated constant currency revenue and operating income growth of 18% and 19%, respectively,” stated Michael J. Brown, Euronet’s Chairman and Chief Executive Officer. “While we are working through challenges in the epay Segment, our EFT and Money Transfer businesses posted exceptionally strong results through their constant currency operating income growth of 29% and 42%, respectively, and are poised for continued growth as we head into the second half of the year.”

About Euronet Worldwide, Inc. – EEFT

Euronet Worldwide (EEFT) is an industry leader in processing secure electronic financial transactions. The Company offers payment and transaction processing solutions to financial institutions, retailers, service providers and individual consumers. These services include comprehensive ATM, POS and card outsourcing services, card issuing and merchant acquiring services, software solutions, consumer money transfer and bill payment services, and electronic distribution for prepaid mobile phone time and other prepaid products.

EEFT’s global payment network is extensive – including 17,048 ATMs, approximately 69,000 EFT POS terminals and a growing portfolio of outsourced debit and credit card services which are under management in 34 countries; card software solutions; a prepaid processing network of approximately 617,000 POS terminals at approximately 297,000 retailer locations in 29 countries; and a consumer-to-consumer money transfer network of approximately 158,000 locations serving 133 countries. With corporate headquarters in Leawood, Kansas, USA, and 46 worldwide offices, Euronet serves clients in approximately 150 countries.

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Post Written By: Ed Liston Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing in his yacht.