ATLANTA, Aug. 07, 2019 (GLOBE NEWSWIRE) -- EVO Payments, Inc. (NASDAQ: EVOP) (“EVO” or the “Company”) today announced its second quarter 2019 financial results.  For the second quarter ended June 30, 2019, reflecting the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers (“ASC 606”), effective January 1, 2019, reported revenue was $122.5 million, compared to $140.9 million in the prior year.  Adjusted revenue for the second quarter was $150.0 million, compared to $140.9 million in the prior year, an increase of 6%. On a currency neutral basis, adjusted revenue grew 9%. On a GAAP basis for the second quarter, net income was $3.8 million or $0.01 per basic and diluted share attributable to EVO Payments, Inc.  Adjusted EBITDA increased 6% to $39.3 million for the quarter, compared to $37.0 million in the prior year.  On a currency-neutral basis, adjusted EBITDA grew 9% over the prior year. 

“In the second quarter, EVO delivered strong top and bottom line growth in our North American and European segments,” stated James G. Kelly, Chief Executive Officer of EVO. “We announced a new 10-year, exclusive joint venture with Bci in Chile to expand our distribution further into Latin America. We also continued to develop our tech-enabled capabilities in our international markets, such as Mexico, Spain, and Ireland, to complement our strong bank referral channels. We are pleased with our business and financial performance in the second quarter and the first half of the year. As a result of this performance, we are maintaining our previously stated guidance for 2019.”

Conference call
EVO’s management will host a conference call for investors at 8:00 a.m. Eastern Time on Wednesday, August 7, 2019 to discuss the results.  Participants may access the conference call via the investor relations section of the Company’s website at www.evopayments.com, or participants may also dial (877) 356-5729 inside the U.S. and Canada and (629) 228-0718 outside the U.S. and Canada to listen.  The conference ID number is 2167904.  A recording of the call will be archived on the Company's investor relations website following the live call.

Forward-Looking Statements
This release and the accompanying earnings conference call contain statements about future events and expectations that constitute forward-looking statements. Forward-looking statements are often identified by words such as “anticipates,” “believes,” “continues,” “estimates,” “expects,” “goal,” “objectives,” “intends,” “may,” “opportunity,” “plans,” “potential,” “near-term,” “long-term,” “projections,” “assumptions,” “projects,” “guidance,” “forecasts,” “outlook,” “target,” “trends,” “should,” “could,” “would,” “will” and similar expressions. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on our current beliefs, assumptions, estimates and expectations, taking into account the information currently available to us and are not guarantees of future results or performance. Forward-looking statements are not statements of historical fact. Forward-looking statements involve risks and uncertainties that may cause our actual results to differ materially from the expectations of future results we express or imply in any forward-looking statements, and you should not place undue reliance on such statements. Factors that could contribute to these differences include the following: (1) our ability to anticipate and respond to changing industry trends and the needs and preferences of our customers and consumers; (2) the impact of substantial and increasingly intense competition; (3) the impact of changes in the competitive landscape, including disintermediation from other participants in the payments chain; (4) the effects of global economic, political and other conditions; (5) our compliance with governmental regulations and other legal obligations, particularly related to privacy, data protection and information security, and consumer protection laws; (6) our ability to protect our systems and data from continually evolving cybersecurity risks or other technological risks; (7) failures in our processing systems, software defects, computer viruses and development delays; (8) degradation of the quality of the products and services we offer, including support services; (9) risks associated with our ability to successfully complete, integrate and realize the expected benefits of acquisitions; (10) continued consolidation in the banking and payment services industries, including the impact of the combination of Banco Popular and Grupo Santander and the related bank branch consolidations; (11) increased customer, referral partner, or sales