First Data Corp. Raises 2018 Guidance - Quick Facts

(RTTNews) - First Data Corp. (FDC) announced, for 2018, the company now expects adjusted EPS in a range of $1.42 to $1.47, compared to the prior guidance of $1.35 to $1.40. Total segment EBITDA growth is now expected to be 8% to 10%, compared to previously disclosed guidance of 7% to 9%. The company now expects total segment revenue growth of 6% to 7%, compared to previously disclosed guidance of 5% to 7%. Free cash flow guidance remains unchanged; at or above $1.4 billion.

First-quarter adjusted EPS was $0.29, up 6%. Total segment EBITDA was $730 million, up 12% versus the prior year period on a reported basis, up 14% on a comparable accounting basis, or up 10% on an organic constant currency basis.

First-quarter total segment revenue was $2.08 billion, up 11% versus the prior year period on a reported basis, up 10% on a comparable accounting basis, or up 5% on an organic constant currency basis. Free cash flow was $368 million in the current quarter, up $107 million compared to $261 million in the prior year period, primarily driven by improved operating results and working capital improvements in the current period.