Euronet Worldwide, Inc. (NASDAQ:EEFT) Q1 2023 Results Conference Call May 3, 2023 9:00 AM ET
Company Participants
Scott Claassen - General Counsel
Mike Brown - Chairman and Chief Executive Officer
Rick Weller - Chief Financial Officer
Conference Call Participants
Andrew Jeffrey - Truist Securities
Andrew Schmidt - Citi Global Markets
Darrin Peller - Wolfe Research
Alli Heckmann - D.A. Davidson
Mike Grondahl - Northland Securities
Ken Suchoski - Autonomous Research
Rayna Kumar - UBS
Cris Kennedy - William Blair
David Togut - Evercore ISI
Operator
Greetings, and welcome to the Euronet Worldwide First Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
It is now my pleasure to introduce your host, Mr. Scott Claassen, General Counsel for Euronet Worldwide. Thank you, Mr. Claassen. You may now begin.
Scott Claassen
All right. Thank you. Good morning, everyone, and welcome to Euronet's first quarter 2023 earnings conference call. On today's call, we have Mike Brown, our Chairman and CEO; and Rick Weller, our CFO.
Before we begin, I need to call your attention to the forward-looking statements disclaimer on the second slide of the PowerPoint presentation we'll be making today. Statements made on this call that concern Euronet's or its management's intentions, expectations or predictions of future performance are forward-looking statements.
Euronet's actual results may vary materially from those anticipated in these forward-looking statements as a result of a number of factors that are listed on the second slide of today's presentation. Except as may be required by law, Euronet does not intend to update these forward-looking statements and undertakes no duty to any persons to provide any update. You should avoid placing undue reliance on any forward-looking statements.
In addition, the PowerPoint presentation includes a reconciliation of the non-GAAP financial measures we'll be using during the call to their most comparable GAAP measures.
Now I'll turn the call over to our CFO, Rick Weller.
Rick Weller
Thank you, Scott, and good morning, and thank you to everyone who's joining us today. I will begin my comments on Slide 5. For the first quarter, we delivered revenue of $787 million, operating income of $45.6 million, adjusted EBITDA of $93 million and adjusted EPS of $0.87. These results were produced by strong double-digit growth rates driven by improvement in all three segments, but with a particularly strong contribution from high-value cash withdrawal transactions in the EFT segment as a result of the continued recovery in the travel industry.