Cardtronics shareholders have approved the company's previously announced agreement to be acquired by NCR Corp., and it is expected to close in mid 2021, according to a press release.
announced its bidto acquire Cardtronics for $1.7 billion, or $39 per share on Jan. 11, 2021.
In light of the pending transaction, Cardtronics is not holding quarterly earnings conference calls but is issuing the following quarterly earnings information:
- Total revenues fell 12.6% from $306.6 million in Q1 2020 to $267.8 million for the quarter ending March 31, 2021, and down 15.2% on a constant-currency basis.
- Growth in the core U.S. business was offset by declines in other regions, especially in the U.K. and Canada, which were heavily impacted by pandemic-related social restrictions.
- ATM operating revenues fell 12.6% from $291.8 million in Q1 2020 to $255.0 million in Q1 2021, and down 15.1% on a constant-currency basis. U.S. same-store withdrawals increased 6% in Q1 2021 over Q1 2020 and were up 5% over Q1 2019.
- GAAP net income rose from $5.8 million in Q1 2020 to $5.9 million, or 13 cents per diluted share, the same as in Q1 2020.
- Adjusted net income per diluted share was 42 cents, in line with the prior year.
- The $267.83 million in revenue surpassed analyst expectations by 1.17% and the 42-cent EPS beat expectations by 21 cents, according to
- Shares traded at $38.99 today against a 52-week range of $16.67-$42.
- The company signed an ATM service agreement for over 300 ATMs with MAPCO, a convenience store chain throughout the southeastern U.S.
- The company also expanded a branding relationship with Keybank for approximately 50 ATMs at Kum & Go locations in Colorado, is adding approximately 50 ATMs at CVS Pharmacy locations in Hawaii, and added six new partners to the Allpoint+ cash deposit network during Q1 2021.
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