Company: IMXI
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001683695-25-000100
Chunk: 69

Company: International Money Express, Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 69
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, representing a decrease of $0.17, or 21.5%, compared to $0.79 for the six months ended June 30, 2024.

Earnings per Share - Diluted for the six months ended June 30, 2025 was $0.62, representing a decrease of $0.16, or 20.5%, compared to $0.78 for the six months ended June 30, 2024.

The decrease in both basic and diluted EPS largely reflects the decrease in net income discussed above, offset by a reduced share count as a result of the stock repurchases.

Adjusted Net Income and Adjusted Earnings per Share

Adjusted Net Income (previously defined and used as described above) for the six months ended June 30, 2025 was $26.2 million, representing a decrease of $6.6 million, or 20.1%, from Adjusted Net Income of $32.8 million for the six months ended June 30, 2024. The decrease in Adjusted Net Income was primarily due to the decrease in Net Income as discussed above, slightly offset by the higher net effect of the adjusting items detailed in the table below.

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The following table presents the reconciliation of Net Income, our closest GAAP measure, to Adjusted Net Income:

Six Months Ended June 30,(in thousands, except for per share data)20252024Net Income$18,776 $26,139 Adjusted for:Share-based compensation (a)4,245 4,545 Restructuring costs (b)306 2,711 Transaction costs (c)3,393 36 Legal contingency settlement (d)— (570)Other charges and expenses (e)843 655 Amortization of intangibles (f)2,148 1,935 Income tax benefit related to adjustments (g)(3,534)(2,679)Adjusted Net Income$26,177 $32,772 Adjusted Earnings per ShareBasic$0.87 $0.99 Diluted$0.86 $0.97 Weighted-average common shares outstandingBasic30,213,762 33,187,196 Diluted30,370,069 33,639,811 

(a)Represents share-based compensation relating to equity awards granted primarily to employees and independent directors of the Company.

(b)Represents primarily severance, write-off of assets and,