Exhibit 99.1

 

 

Picture 6

 

Picture 7

 

 

 

 

Picture 1

 

 

 

TSYS Reports Fourth Quarter and Full Year Earnings

Provides 2019 Outlook for Revenue and Earnings per Share

 

Columbus, Ga., January 29, 2019  –

TSYS (NYSE:  TSS) today reported results for the fourth quarter and full year of 2018.

 “Strong results in the fourth quarter closed out another exceptional year for our company. In 2018, we delivered outstanding financial results, expanded our Merchant capabilities with the acquisition of Cayan and iMobile3, and continued to make strategic long-term investments across the enterprise,” said M. Troy Woods, chairman, president and chief executive officer of TSYS.

 

Highlights for the fourth quarter of 2018 vs. 2017:

·

Total revenues were $1.02 billion, a decrease of 20.0%. The decrease is the result of adopting ASC 606.(1)

·

Net revenue (non-GAAP), which excludes reimbursable items, interchange and payment network fees, was $959.3 million, an increase of 10.2%.

·

Net income attributable to TSYS common shareholders was $136.4 million, a decrease of 43.7%.  The decrease is the result of $135.9 million of tax benefit from the Tax Cuts and Jobs Act in 4Q 2017. Diluted EPS were $0.74, a decrease of 43.4%.

·

Adjusted earnings (non-GAAP) were $197.5 million, an increase of 30.8%.  Adjusted diluted EPS (non-GAAP) were $1.08, an increase of  31.5%.

·

Adjusted EBITDA (non-GAAP) was $346.0 million, an increase of 18.0%.

 

 


The following information was filed by Total System Services Inc (TSS) on Tuesday, January 29, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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