Published on 7 Oct 2024 on GuruFocus.com · via Yahoo Finance
Shift4 Payments Inc (FOUR) Q2 2024 Earnings Call Highlights: Robust Growth Amid...
End-to-End Payment Volume Growth: 50% year-over-year increase.Gross Profit Growth: 38% year-over-year increase.Gross Revenue-Led Network Fees Growth: 41% year-over-year increase.Adjusted EBITDA: $162 million, representing 48% year-over-year growth.Adjusted EBITDA Margin: Expanded 240 basis points to 51%.Adjusted Free Cash Flow: $76 million, up 18% year-over-year.Blended Spreads: Approximately 62 basis points.Total Q2 Volume: $40 billion, 50% year-over-year growth.Gross Revenue Less Network Fees: $321 million, 41% year-over-year growth.Subscription and Other Revenue: $71 million, up 93% year-over-year.Net Income: $54.5 million.Diluted Earnings Per Share: $0.58 per Class A and Class C share.Adjusted Net Income: $89 million or $0.96 per share on a diluted basis.Net Leverage: Approximately 2.7x, excluding acquisitions impact, 2.2x.Full-Year 2024 Guidance for End-to-End Volume: $167 billion to $172 billion, 53% to 58% year-over-year growth.Full-Year 2024 Guidance for Gross Revenue Less Network Fees: $1.35 billion to $1.38 billion, 44% to 47% year-over-year growth.Full-Year 2024 Guidance for Adjusted EBITDA: $662 million to $689 million.Adjusted Free Cash Flow Conversion Expectation: 59% for full-year 2024.
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