Euronet Worldwide, Inc. (NASDAQ:EEFT) Q3 2023 Earnings Conference Call October 20, 2023 9:00 AM ET
Company Participants
Scott Claassen - General Counsel
Rick Weller - Chief Financial Officer
Michael Brown - Chairman and Chief Executive Officer
Conference Call Participants
Peter Heckmann - D.A. Davidson
Andrew Schmidt - Citigroup Inc.
Cristopher Kennedy - William Blair
Darrin Peller - Wolfe Research
Andrew Jeffrey - Truist Securities
Mike Grondahl - Northland Capital Markets
Ken Suchoski - Autonomous Research
Charles Nabhan - Stephens Inc.
Operator
Greetings, and welcome to the Euronet Worldwide Third Quarter 2023 Earnings Conference Call. [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 begin.
Scott Claassen
All right. Thank you. Good morning, everyone, and welcome to Euronet's third quarter 2023 earnings conference call. On this 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're making today. Statements made on this call that concern Euronet or its management's intentions, expectations or predictions of future performance are forward-looking statements. Euronet's actual results may vary from those anticipated in these forward-looking statements as a result of a number of the factors that are listed on the second slide of our presentation. Listeners should avoid placing undue reliance on these forward-looking statements.
Except as may be required by law, Euronet does not intend to update any forward-looking statement and undertakes no duty to any person to provide an update. 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
Yes. Thank you, Scott, and good morning, and thank you to everyone who is joining us today. I will begin my comments on Slide #5.
For the third quarter, we produced revenues of $1 billion, the first $1 billion quarter in Euronet's history. We achieved operating income of $167 million and adjusted EBITDA of $212 million. Adjusted EPS was $2.72 compared to $2.74 for the third quarter of 2022. Excluding the effects of share repurchases and FX headwinds during the quarter, the business performed in line with our expectations.