TSYS reported results for the second quarter of 2019.

“We were pleased to deliver another quarter of solid performance with increases in net revenue and adjusted diluted EPS, and margin expansion,” said M. Troy Woods, Chairman, President and CEO of TSYS. “We also remain confident that the combined strengths of merging with Global Payments will enhance shareholder value and create opportunities for our team members and customers.”

Highlights for the second quarter of 2019 vs. 2018:

Total revenues were $1.04 billion, an increase of 2.8%. On a constant currency basis (non-GAAP), total revenues increased 3.4%.

Net revenue (non-GAAP), which excludes reimbursable items, was $979.9 million, an increase of 2.4%. On a constant currency basis (non-GAAP), net revenue increased 3.1%.

Net income attributable to TSYS common shareholders was $162.8 million, an increase of 14.3%. Diluted EPS was $0.91, an increase of 17.5%.

Adjusted earnings (non-GAAP) were $226.7 million, an increase of 11.2%. Adjusted diluted EPS (non-GAAP) was $1.27, an increase of 14.4%.

Adjusted EBITDA (non-GAAP) was $368.9 million, an increase of 6.9%.

2019 Full Year Guidance

TSYS reiterates its full year 2019 financial guidance which is included on page 16 in the financial schedules of this release. The guidance does not include any impact related to the previously announced merger with Global Payments.