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Key takeaways from the call:
CEO Mac Schuessler expressed satisfaction with the company’s performance and market share growth, particularly outside of Puerto Rico. He highlighted the potential for cross-selling opportunities and product localization with the pending Sinqia acquisition. The company plans to continue making investments in infrastructure and technology to drive growth.
EVERTEC also discussed its progress in aiding a partner with their platform migration and highlighted its success in Latin America, particularly in Chile. The company has been successful in bundling its various products to offer unique solutions to customers in these markets.
The company addressed concerns about a potential slowdown in Q4, citing the absence of last year’s hurricane-related slowdown and the expected low single-digit growth in the Business Solutions segment. The company mentioned that it has benefited from pricing initiatives in the past and will continue to adjust pricing based on different segments and verticals within its portfolio.
The call concluded with the company expressing gratitude for participants and looking forward to upcoming conferences. The company’s stock ticker is NYSE:EVTC.
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