TSYS Reports First Quarter Earnings
Staff Report From Columbus CEO
Wednesday, April 24th, 2019
TSYS reported results for the first quarter of 2019.
"Our first quarter results provide a great start to the year. We delivered strong performance across all three of our segments, which helped to solidify our expectations for the remainder of 2019," said M. Troy Woods, chairman, president and chief executive officer of TSYS.
Highlights for the first quarter of 2019 vs. 2018:
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Total revenues were $1.03 billion, an increase of 4.8%. On a constant currency basis (non-GAAP), total revenues increased 5.6%.
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Net revenue (non-GAAP), which excludes reimbursable items, was $980.3 million, an increase of 4.8%. On a constant currency basis (non-GAAP), net revenue increased 5.6%.
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Net income attributable to TSYS common shareholders was $161.6 million, an increase of 13.9%. Diluted EPS was $0.90, an increase of 16.1%.
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Adjusted earnings (non-GAAP) were $215.4 million, an increase of 3.8%. Adjusted diluted EPS (non-GAAP) was $1.20, an increase of 5.8%.
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Adjusted EBITDA (non-GAAP) was $357.3 million, an increase of 8.0%.