Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1671013/000155837017008012/catm-20170930x10q.htm
June 2021
June 2021
May 2021
May 2021
May 2021
April 2021
February 2021
January 2021
December 2020
December 2020
CARDTRONICS ANNOUNCES THIRD QUARTER 2017 RESULTS
HOUSTON, November 2, 2017 (GLOBE NEWSWIRE) Cardtronics plc (Nasdaq: CATM) (Cardtronics or the Company), the worlds largest ATM owner/operator, announced today its financial and operational results for the quarter ended September 30, 2017.
Key financial statistics in the third quarter of 2017 as compared to the third quarter of 2016 include:
· Total revenues of $402.0 million, up 22% from $328.3 million and driven by the DCPayments and Spark acquisitions completed during January 2017.
· ATM operating revenues of $390.1 million, up 24% from $314.8 million.
· GAAP Net Loss of $(175.6) million, or $(3.84) per diluted share, compared to GAAP Net Income of $27.5 million, or $0.60 per diluted share. During the third quarter of 2017, the Company recognized asset impairments in its Australia & New Zealand segment totaling in the aggregate $216.0 million ($193.5 million net of tax).
· Adjusted EBITDA of $99.9 million, up 15% from $86.6 million in the prior year.
· Adjusted Net Income per diluted share of $0.96 down from $0.98, impacted by the additional interest and depreciation expense from the acquisitions completed during January 2017.
The third quarter was a dynamic quarter where we performed well operationally under the challenges of several hurricanes and earthquakes. This quarter also marks my last earnings call as I retire at years end. I believe I leave behind two great assets. The first is the unique, increasingly global neighborhood ATM platform delivering a critical service in payments convenient access to cash. It is a unique infrastructure platform designed for growth. The second great asset is the team now in place to lead Cardtronics to the next stage of growth. I am truly privileged to have led Cardtronics for nearly eight years. Under the leadership of my successor, Ed West, I am confident that the great potential of the Cardtronics platform will be realized for our shareholders, commented Steve Rathgaber, Cardtronics chief executive officer.
RECENT HIGHLIGHTS
· Secured ATM operating contracts representing approximately 1,800 locations.
· Expanded our Allpoint Network to include 1,500 additional ATMs in Speedway convenience stores.
· The U.K. Competition and Markets Authority approved the Company to maintain its ownership of the U.K. operations of DCPayments.
Changes in currency exchange rates had an insignificant impact relative to our results in the third quarter of 2016. See Disclosure of Non-GAAP Financial Information in this earnings release for definitions of Adjusted Gross Profit, Adjusted Gross Margin, EBITDA, Adjusted EBITDA, Adjusted Net Income, Adjusted Net Income per diluted share, Free Cash Flow, and certain other non-GAAP measures on a constant-currency basis. For additional information, including reconciliations to the most directly comparable financial measure recognized under accounting principles generally accepted in the U.S. (GAAP), see the supplemental schedules of selected financial information in this earnings release.
THIRD QUARTER RESULTS
Consolidated revenues totaled $402.0 million for the third quarter of 2017, representing a 22% increase from $328.3 million from the same period of 2016, driven by the DirectCash Payments Inc. (DCPayments) and Spark ATM Systems Pty Ltd. (Spark) acquisitions completed during January 2017. ATM operating revenues for the third quarter of 2017 were up 24% from the same period of 2016.
Driven primarily by the acquisitions completed during January 2017, ATM operating revenues in North America increased 12% and ATM operating revenues in Europe & Africa increased 14% from the same period of 2016. ATM operating revenues in our Australia & New Zealand segment totaled $35.4 million during the third quarter of 2017. The Company acquired the Australia & New Zealand segment via the DCPayments acquisition, completed in January 2017, and as a result, there were no comparable revenues in the third quarter of 2016.
GAAP Net Loss for the third quarter of 2017 totaled $175.6 million compared to GAAP Net Income of $27.5 million in the same period of 2016. The GAAP Net Loss was the result of asset impairments in the Australia & New Zealand
Please wait while we load the requested 10-Q report or click the link below:
https://last10k.com/sec-filings/report/1671013/000155837017008012/catm-20170930x10q.htm
Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Cardtronics Plc.
Cardtronics Plc's Definitive Proxy Statement (Form DEF 14A) filed after their 2017 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-Q Quarterly Report
Material Contracts, Statements, Certifications & more
Cardtronics Plc provided additional information to their SEC Filing as exhibits
Ticker: CATM
CIK: 1671013
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-17-008012
Submitted to the SEC: Thu Nov 02 2017 4:18:22 PM EST
Accepted by the SEC: Thu Nov 02 2017
Period: Saturday, September 30, 2017
Industry: Business Services