Cardtronics Inc. (NASDAQ:CATM) Q4 2015 Earnings Conference Call - Final Transcript
Feb 04, 2016 • 05:00 pm ET
Good day ladies and gentlemen, and welcome to the Cardtronics Fourth Quarter 2015 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session, and instructions will follow at that time. [Operator Instructions]. As a reminder, this conference call is being recorded.
I would now like to turn the conference over to Phil Chin, EVP Corporate Development. Please go ahead.
Thank you. Good afternoon, and welcome to Cardtronics fourth quarter conference call.
On the call we have Steve Rathgaber, Chief Executive Officer; Chris Brewster, Chief Financial Officer; and Ed West, EVP Finance. We will start off with prepared remarks, and then move to Q&A.
Before we begin, a cautionary statement regarding forward-looking information. During the course of this call, we will make certain forward-looking statements regarding future events, results or performance. Any forward-looking statements made on this call are subject to risks, and uncertainties including, but not limited to, those outlined in our reports filed with the SEC. Actual events, results or performance may differ materially. The statements on this call are made as of the date of this call, and are based on current information even if subsequently made available by us on our website or otherwise. We assume no obligation to update any forward-looking statements made today to reflect events that occur or circumstances that exist after the date on which they were made.
In addition, during the course of this call, we will reference certain non-GAAP financial performance measures. Our opinion regarding the usefulness of such measures, together with the reconciliation of such measures, is included in the press release issued this afternoon.
With that, I will turn the call over to Steve.
Steven A. Rathgaber
Thank you, Phil, and welcome everyone.
Cardtronics for the fifth consecutive year delivered double-digit growth in revenue, and adjusted net income per share. We reached a meaningful milestone of $1.2 billion of revenue delivering 14% top line growth over 2014. And recall it was only a year ago that we broke the billion mark for the first time. As part of a brief look back on the year, I want to spend some time recapping performance highlights delivered by our durable growth engine before turning to some industry trends, and how they may impact us in 2016, and beyond.
So what drove the growth? Well, given the consistency of our model, there should be no surprise that it was the usual collection of performance categories. In aggregate, we grew our owned ATM footprint by 6.5% with new sales and acquisitions across Europe and North America. Now, we started with some housekeeping to eliminate 600 unprofitable units in Mexico, and then proceeded to add 4,200 units in other markets. These split between 60% organic and 40% acquisition.
Importantly, three quarters of the growth came from outside the US demonstrating our growing international muscle, and geographic diversification. We produced new revenue generating branding relationships for more than 2,200 locations, almost doubling the number signed from 2014. We grew