Cardtronics Reports Earnings Growth On Strong Second Quarter
HOUSTON – Cardtronics, which provides 30,000 ATMs for credit unions, reported a tripling in second quarter earnings to $8.2 million, on a 7% increase in revenues.
Second quarter revenues for the nation’s largest independent operator of ATMs was $132.9 million, compared to $124.6 million for the second quarter last year.
The second quarter saw a 9% in total transactions over Cardtronics machines; a 6% increase in cash withdrawal transactions; and a 12% rise in gross operating profits per ATM.
For the first six months of the fiscal year Cardtronics reported an increase of almost 9% in revenues to $260.7 million, and net income of $12.2 million, compared to a loss of $2.6 million for the first half last year.
Cardtronics is a key player in electronic funds transfers for credit unions, with connections to CO-OP Financial Services, Credit Union 24 and Financial Service Centers Cooperative shared branching network. Cardtronics also is the parent of the surcharge-free Allpoint network.