Cardtronics PLC (NASDAQ: CATM) slumped Friday afternoon, after reporting Q3 adjusted numbers.
Cardtronics, originating out of the World Series city of Houston, announced Thursday total revenues of $402 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.
According to CEO Steve Rathgaber, "The third quarter was a dynamic quarter where we performed well operationally under the challenges of several hurricanes and earthquakes."
The quarter also marks Rathgaber’s last earnings call as he retires at year’s end.
Continuing, “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.”
Under the leadership of successor, Ed West, “I am confident that the great potential of the Cardtronics platform will be realized for our shareholders.”
As for guidance for 2017, Cardtronics foresees revenues of $1.47 billion to $1.5 billion; GAAP Net Loss of $156 million to $150 million, and Adjusted EBITDA of $330 million to $340 million
Shares in Cardtronics approached the week’s final bell down 12 cents to $18.35.
