29 July 2021
Second Quarter 2021 Financial Highlights
- Revenues of $445.6 million and Adjusted Revenues of $447.0 million, increased 59% and 57%, respectively, at constant currency
- Organic revenues(1), which exclude the impact of acquisitions and divestitures, increased 5%, at constant currency
- Net loss of $82.2 million increased 225%; Adjusted Net Income(1) of $110.0 million increased 58%
- Net loss per diluted share of $(0.13) increased $0.06; Adjusted Income per diluted share(1) (EPS) of $0.17 decreased $0.01 due to a 63% increase in the weighted average ordinary shares outstanding driven primarily by the CPA Global acquisition and the Company’s 1H 2020 primary and secondary offerings, which have now been outstanding for a full period
- Adjusted EBITDA(1) of $189.0 million increased 89% and Adjusted EBITDA Margin(1) of 42% increased 610 basis points
First Half 2021 Financial Highlights
- Revenue of $874.1 million and Adjusted Revenue(1) of $878.5 million increased 66% and 65%, respectively, at constant currency
- Organic revenues which exclude the impact of acquisitions and divestitures, increased 6%, at constant currency
- Net loss of $106.2 million decreased 32%; Adjusted Net Income(1) of $198.4 million increased 109%
- Net loss per diluted share of $(0.17) decreased 60% or $(0.26); Adjusted Income per diluted share(1) (EPS) of $0.31 increased 24% or $0.06
- Adjusted EBITDA(1) of $353.8 million increased 98% and Adjusted EBITDA Margin(1) of 40% increased 600 basis points
- Cash Flow from Operations increased $154 million to $262 million; Adjusted Free Cash Flow(1) increased $138.9 million to $258.5 million
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