Second Quarter 2023 Earnings Conference Call
Outlook Summary and Reconciliation to Non-GAAP Adjusted Earnings per Share
(Dollar amounts in millions, except share data)
Revenues
Earnings per Share (EPS) (GAAP)
Per share adjustment to reconcile GAAP EPS to Non-GAAP Adjusted
EPS:
(1)
Share-based comp, non-cash equity earnings and other
Merger and acquisition related depreciation and amortization
Non-cash interest expense
(3)
Tax effect of non-gaap adjustments
Loss (gain) of foreign currency remeasurement
Total adjustments
(5)
Adjusted EPS (Non-GAAP)
Shares used in computing adjusted earnings per share
(2)
Low
2023 Outlook
22
$652 to
$1.82 to
0.56
0.47
0.01
(0.18)
0.07
0.93
$2.75
to
2. Represents depreciation and amortization expenses amounts generated as a result of M&A activity.
3. Represents non-cash amortization of the debt issue costs, premium and accretion of discount.
4. Represents income tax expense on non-GAAP adjustments using the applicable GAAP tax rate (anticipated at approximately 16% to 17%).
5. Represents non-cash unrealized gains (losses) on foreign currency remeasurement for assets and liabilities denominated in non-functional currencies.
High
$658
$1.91
0.56
0.47
0.01
(0.19)
0.07
0.92
$2.83
65.5
2022
(As recast)
$618
$3.45
(1.42)
0.49
0.01
(0.10)
0.10
($0.92)
1. Represents share-based compensation, the elimination of non-cash equity earnings from the Company's 19.99% equity investment in CONTADO, severance and other adjustments to reconcile GAAP EPS to non-
GAAP EPS.
$2.53
69.3
evertecView entire presentation