Key Developments For Cardtronics, Inc.
Cardtronics, Inc. (CATM.O) (Consolidated Issue listed on NASDAQ Global Market)
Cardtronics, Inc. Raises FY 2009 Guidance; Issues FY 2010 Guidance; Revenue and EBITDA Guidance Above Analysts' Estimates
Cardtronics, Inc. updated its fiscal 2009 guidance and now expects revenues of $485 million to $490 million, adjusted EBITDA of $107 million to $109 million and adjusted net income of $0.60 to $0.64 per diluted share. For fiscal 2010, the Company expects revenues of $515 million to $525 million, adjusted EBITDA of $118 million to $123 million and adjusted net income of $0.75 to $0.85 per diluted share. According to Reuters Estimates, analysts were expecting the Company to report revenue of $480 million, EBITDA of $101 million and earnings of $0.51 per share for fiscal 2009; revenue of $510 million, EBITDA of $114 million and earnings of $0.76 per share for fiscal 2010.
Cardtronics, Inc. Raises FY 2009 Outlook
Cardtronics, Inc. updated its fiscal 2009 outlook and expects revenues of $470-$480 million, adjusted EBITDA of $95-$100 million and adjusted net income per diluted share (EPS) of $0.40-$0.50. According to Reuters Estimates, analysts were expecting the Company to report revenues of $469 million, EBITDA of $81 million and EPS of $0.22 for the same period.
Cardtronics, Inc. Selected As Exclusive ATM Provider For Royal Buying Group Members
Cardtronics, Inc. announced that Royal Buying Group, Inc. (RBG), a marketing association for convenience/gas operators and jobbers that represents almost 6,000 members in all 50 states, has selected Cardtronics as its exclusive ATM provider. As its exclusive ATM provider, Royal Buying Group will be recommending Cardtronics to any Royal Buying Group members implementing a new or updated ATM program. Cardtronics will provide members with exclusive pricing and promotions.
Cardtronics, Inc. Reaffirms FY 2009 Guidance
Cardtronics, Inc. reaffirmed its fiscal 2009 guidance and expects revenues to be in the range of $460-$470 million, adjusted EBITDA to be in the range of $75-$80 million and adjusted net income to be in the range of $0.12-$0.22 per diluted share (EPS). The guidance excludes the impact of certain one-time items as well as $5.0 million of anticipated stock-based compensation expense and approximately $17.0 million of intangible asset amortization expense. According to Reuters Estimates, analysts on average are expecting the Company to report EPS of $0.17, EBITDA of $79 million for the same period.
Cardtronics, Inc. Announces Departure of Jack M. Antonini As Chief Executive Officer; Appoints Fred R. Lummis Interim Chief Executive Officer
Cardtronics, Inc. announced that Jack M. Antonini, the Company's Chief Executive Officer, would be leaving the Company and its Board of Directors effective March 17, 2009. Fred R. Lummis, Chairman of the Company's Board, has agreed to serve as interim Chief Executive Officer while the Board conducts a formal search for Mr. Antonini's permanent successor.
