Intermex Reports Solid EPS Growth and Digital Expansion Focus

International Money Express ( (IMXI) ) has released its Q4 earnings. Here is a breakdown of the information International Money Express presented to its investors.

International Money Express, Inc., commonly known as Intermex, is a leading provider of omnichannel money transfer services primarily to Latin America and the Caribbean. The company operates in the financial services sector, offering digital and retail money transfer solutions across several countries.

In its latest earnings report, Intermex announced a nearly 10% growth in earnings per share (EPS) for the year 2024. Despite a slight decrease in net income, the company highlighted its strategic focus on expanding its digital business while maintaining a strong retail presence.

Key financial metrics for 2024 include revenues of $658.6 million and a net income of $58.8 million. The company reported a diluted EPS of $1.79 and an adjusted diluted EPS of $2.14. For the fourth quarter, revenues were $164.8 million, with a net income of $15.4 million. Intermex also noted a significant growth in digitally-sent money transfers, which increased by 48.3%.

The company has decided to suspend its strategic alternatives review process, opting instead to focus on executing its current strategic plan. This decision follows a comprehensive review by the Board of Directors and its Strategic Alternatives Committee, which concluded that the best interests of stockholders are served by continuing as an independent public company.

Looking ahead, Intermex plans to invest heavily in capturing digital customers and enhancing its digital services. The company remains committed to maximizing stockholder value and leveraging its strong cash generation capabilities to support growth and share repurchases.