Cardtronics Inc. (NASDAQ:CATM) Q3 2019 Earnings Conference Call - Final Transcript

Oct 30, 2019 • 05:00 pm ET


Cardtronics Inc. (NASDAQ:CATM) Q3 2019 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Ladies and gentlemen, thank you for standing by and welcome to the Cardtronics Third Quarter 2019 Earnings Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Brad Conrad, Executive Vice President and Treasurer. Thank you and please go ahead, sir.

Brad Conrad

Thank you. Good afternoon and welcome to Cardtronics third quarter 2019 conference call. On the call today we have Ed West, Chief Executive Officer; and Gary Ferrera, Chief Financial Officer. We will start with prepared remarks and then take questions.

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, events, market conditions and other risks and uncertainties that could cause actual results to differ materially. Please refer to our earnings release and our reports filed with the SEC, including our Form 10-K for the year ended December 31st, 2018, which describe forward-looking statements and risk factors and other events that could impact future results and other factors that could impact our business. The statements on this call are made as of the date of this call and are based on current information and may be outdated at the time of any replay of this call. 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 are 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 a reconciliation of such measures to the nearest GAAP measure, is included in the earnings release issued this afternoon and available on our website. We've also posted supplemental investor materials regarding the third quarter results on our website.

With that, I will turn this call over to Ed.

Edward H. West

Thank you, Brad, and welcome, everyone. Building upon the momentum from earlier in the year, today we are reporting our business delivered attractive top line and double digit earnings growth in the third quarter. This reflects strong execution by the team across all of our key initiatives. We are energized by these results and are also quite enthusiastic about our ability to continue to grow and leverage the world's leading ATM network.

My key messages for you today are as follows first, bank branch transformation continues to gain momentum. FIs of all sizes are partnering with Cardtronics to deliver both an efficient cash solution and a physical brand presence by leveraging our unmatched network and platform. Second, our two-sided network continues to strengthen with key partnership signings on both sides of the network. Third, we're seeing growing demand from the FinTech community for cash solutions on a national scale. Our on-demand and easy-to-integrate national surcharge-free network is proving to be