Welcome to our dedicated page for International Mny Express news (Ticker: IMXI), a resource for investors and traders seeking the latest updates and insights on International Mny Express stock.
International Money Express, Inc. (NASDAQ: IMXI), known as Intermex, generates frequent news as a money remittance and digital payments company focused on cross-border transfers. Founded in 1994 and headquartered in Miami, Florida, Intermex enables consumers to send money from the United States, Canada, Spain, Italy, the United Kingdom, and Germany to more than 60 countries, with payouts through thousands of retail and bank locations worldwide.
News about Intermex often centers on its role as a money remittance provider to Latin America and the Caribbean, as well as its expansion into additional regions. Recent announcements highlight strategic partnerships that reshape key corridors, such as alliances with Banco Industrial in Guatemala to power the Zigi App, with Caribe Express in the Dominican Republic, and with Orbit Money Transfer in Canada. These stories emphasize digital remittance experiences, financial inclusion, and enhanced access to secure transfers.
Investors and observers can also follow updates on Intermex’s technology platforms, including its Remittance-as-a-Service offering, Business-to-Business Solutions, and Payroll Card Program. Press releases describe how these services allow businesses and financial institutions to embed cross-border payments, digitize payroll, and connect to Intermex’s payout network.
Another important stream of news involves corporate developments and regulatory milestones. Intermex and The Western Union Company have entered into a merger agreement under which Western Union plans to acquire Intermex, subject to stockholder and regulatory approvals and other conditions. Company communications provide details on the merger process, financial results, and non-GAAP performance measures. For users tracking IMXI, this news feed offers a centralized view of operational initiatives, corridor expansions, partnership activity, and transaction-related disclosures.
International Money Express (NASDAQ: IMXI) announced significant growth in key financial metrics for Q4 and full-year 2022. Revenues soared to $154.4 million, a 21.4% increase year-over-year, while net income slightly decreased by 0.5% to $13.1 million. Adjusted net income rose 10.4% to $17.6 million, reflecting strong operational performance. The company reported a record 13.7 million transactions, a 23% increase, contributing to a principal transfer amount of $5.8 billion, securing a 22% market share in key Latin American markets. For 2023, Intermex expects revenues to rise between 22% and 26%.
International Money Express, Inc. (NASDAQ: IMXI) will release its Fourth Quarter 2022 earnings on March 8, 2023, before trading begins. Management will host a conference call at 9:00 am ET to discuss the financial and operational results. Interested participants can join by dialing 1-844-826-3033 domestically or 1-412-317-5185 internationally, or via webcast. An audio replay will be available from 12:00 pm ET on March 8 until March 22, 2023. Founded in 1994, Intermex facilitates money transfers to 16 Latin American countries, eight African countries, and two Asian countries through various channels.
International Money Express, Inc. (NASDAQ: IMXI) announced significant executive leadership changes to bolster its operations and innovation. Christopher Hunt, previously Chief Information Officer, is now acting Chief Operating Officer, retaining technology oversight while taking on product development and operations. Joseph Aguilar, former Chief Operating Officer, transitions to President and General Manager for Latin America, focusing on operations in Mexico and Guatemala. Chairman and CEO Bob Lisy expressed confidence in these appointments, believing they will enhance efficiency and shareholder value.
International Money Express (NASDAQ: IMXI) announced its participation at the 25th Anniversary ICR Conference in Orlando, FL, on January 10, 2023, at 3:30 p.m. ET. The presentation will feature comments from Chief Financial Officer Andras Bende. Interested investors can access the event via a webcast at here, with an archived version available post-event.
Founded in 1994, Intermex specializes in remittance services, allowing money transfers to 18 Latin American and Caribbean countries, plus others in Africa, Asia, and Europe.
International Money Express, Inc. (NASDAQ: IMXI) announced its presentation at the UBS Global TMT Conference in New York City on December 6, 2022, starting at 2:10 p.m. ET. The presentation will feature comments from Andras Bende, the chief financial officer. Interested investors can listen via a webcast. An archived version will be available after the event.
International Money Express (NASDAQ: IMXI) announced a First Amendment Agreement to its Credit Agreement with KeyBank, replacing LIBOR with SOFR as the benchmark interest rate. This amendment enhances the company's financial flexibility, enabling it to repurchase shares of its common stock without limitations, provided its Consolidated Leverage Ratio remains 2.25 to 1.00 or lower. The annual cap for restricted payments has been set at the greater of $23.75 million or 25% of Consolidated EBITDA. CFO Andras Bende emphasized that this change supports growth and financial strength.
International Money Express reported strong Q3 2022 growth, with revenues of $140.8 million, up 16.6% year-over-year. Net income rose 44.5% to $16.6 million, and diluted EPS increased by 48.3% to $0.43. Adjusted net income reached $20.7 million, a 32.3% increase. The acquisition of La Nacional boosted the company’s market share to over 20% in key markets for U.S. remittances to Latin America. As of Q3, cash stood at $105.1 million, and the company reaffirms its 2022 revenue guidance of $542-$551 million, representing an 18%-20% year-over-year increase.
International Money Express (NASDAQ: IMXI) announced its participation in the Stephens Annual Investment Conference on November 16, 2022, starting at 9:00 a.m. ET. The company's CFO, Andras Bende, will share insights during the presentation.
Investors can access the live presentation via webcast at this link, with an archived version available after the event. Founded in 1994, Intermex specializes in money remittance services to 18 countries, leveraging technology to facilitate transactions.
International Money Express, Inc. (NASDAQ: IMXI) has successfully acquired Envios de Valores La Nacional Corp for $42.3 million in cash, with potential additional payments of $2.4 million based on future performance. This acquisition expands Intermex's reach in the Dominican Republic, enhancing its share to over 20% in seven key Latin American markets. Once integrated, the combined entities are expected to generate $70-$80 million annually with an adjusted EBITDA margin of 9%-11%. La Nacional will operate independently under its existing leadership.
International Money Express, Inc. (NASDAQ: IMXI) will release its Third Quarter 2022 earnings on November 9, 2022, before market opening. A conference call is scheduled for the same day at 9:00 am ET to discuss the financial and operational results, accessible via phone or webcast. Founded in 1994, Intermex facilitates money transfers from the U.S. and Canada to multiple countries in Latin America, Africa, and Asia through various channels.
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