Latest news with #DevinMcGranahan
Yahoo
19-05-2025
- Business
- Yahoo
Western Union to Present at Bernstein's 41st Annual Strategic Decisions Conference on May 29th
DENVER, May 19, 2025--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) today announced that the Company will present at the Bernstein Strategic Decision Conference on Thursday, May 29th, 2025. The presentation will begin at 9:00 a.m. Eastern Time and will include comments from Devin McGranahan, Chief Executive Officer. Investors and interested parties will be able to listen to the investor presentation via webcast from under the investor relations section. The archived webcast will be available shortly after the conclusion of the presentation. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit WU-G View source version on Contacts Media Relations: Brad Jonesmedia@ Investor Relations: Tom Sign in to access your portfolio
Business Wire
19-05-2025
- Business
- Business Wire
Western Union to Present at Bernstein's 41st Annual Strategic Decisions Conference on May 29
DENVER--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) today announced that the Company will present at the Bernstein Strategic Decision Conference on Thursday, May 29 th, 2025. The presentation will begin at 9:00 a.m. Eastern Time and will include comments from Devin McGranahan, Chief Executive Officer. Investors and interested parties will be able to listen to the investor presentation via webcast from under the investor relations section. The archived webcast will be available shortly after the conclusion of the presentation. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit WU-G
Yahoo
24-04-2025
- Business
- Yahoo
The Western Union Co (WU) Q1 2025 Earnings Call Highlights: Navigating Growth Amidst ...
Revenue: $984 million for Q1 2025. Adjusted Revenue: Down 2% excluding Iraq. Transaction Growth: 3% overall; 14% in branded digital business. Cross-Border Principal Growth: 10% on a constant currency ex Iraq basis. Adjusted Earnings Per Share (EPS): $0.41, down $0.04 from the previous year. Adjusted Operating Margin: 19%, compared to 20% last year. Consumer Money Transfer (CMT) Transactions: Grew 3% in the quarter. Branded Digital Revenue Growth: 8% in the quarter. Cash Flow from Operations: $148 million, up 50% year-over-year. Capital Expenditures: $24 million, down 30% year-over-year. Cash and Cash Equivalents: $1.3 billion. Debt: $2.8 billion. Leverage Ratios: 2.8 times gross and 1.5 times net. Shareholder Returns: Over $150 million via dividends and stock repurchases. 2025 Revenue Guidance: $4.115 billion to $4.215 billion. 2025 Adjusted Operating Margin Guidance: 19% to 21%. 2025 Adjusted EPS Guidance: $1.75 to $1.85. Warning! GuruFocus has detected 6 Warning Signs with WU. Release Date: April 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. The Western Union Co (NYSE:WU) reported a seventh consecutive quarter of above 3% transaction growth, excluding Iraq, Russia, and Belarus. The company's branded digital business continues to perform well with 14% transaction growth and 8% adjusted revenue growth in the quarter. Europe showed strong performance with 10% transaction growth, leading to regional revenue growth of 5%. The acquisition of Euro Change is expected to add roughly 1% to revenue growth this year and is anticipated to be accretive in 2025. The company achieved $30 million in operational efficiency savings in the quarter, bringing total savings to $140 million, ahead of schedule. Adjusted revenue, excluding Iraq, declined 2% due to a difficult macro environment and tough comparisons against the previous year. The Americas faced geopolitical headwinds, with North America transaction growth about 100 basis points lower and LACA about 200 basis points lower than the previous quarter. Consumer Services adjusted revenue was down slightly due to a decline in the bill payment business in Latin America and a seasonally slow quarter for advertising and European travel. Adjusted earnings per share decreased to $0.41, down $0.04 from the same quarter last year, partly due to lower revenues from Iraq. The retail business in North America is underperforming, primarily due to geopolitical issues and slowing migration trends. Q: Can you discuss the pressures on the North American retail side and any channel shifts to digital? A: Devin McGranahan, CEO, noted that both digital and retail channels in North America have slowed, with more significant impacts on the retail side. There has been little acceleration in channel migration, with consistent year-over-year numbers in North America. Q: Does the 2025 guidance include the Euro Change acquisition, and how does it account for macroeconomic conditions? A: Matthew Cagwin, CFO, confirmed that the guidance includes the Euro Change acquisition. The macroeconomic conditions and immigration changes have been factored into the forecast, with a leveling off observed in recent quarters. Q: What are the expected contributions from new agents and digital acceleration beyond the Euro Change acquisition? A: Matthew Cagwin highlighted new partnerships in the Middle East and the integration of Euro Change as key contributors. The Travel Money business and improvements in consumer services are also expected to drive growth. Q: Can you provide insights into the digital transaction growth and the impact of the loyalty program? A: Matthew Cagwin explained that the loyalty program aims to enhance customer retention and has had a modest impact on revenue. The APN business is growing rapidly, offering higher margins and stickier customer relationships. Q: How are you applying learnings from Europe to improve North American operations? A: Devin McGranahan discussed adopting a distribution strategy with controlled high-volume locations, competitive independent agents, and strategic partnerships. The approach is more advanced in Europe, with North America in earlier stages. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Western Union to Release First Quarter 2025 Results on April 23, 2025
DENVER, April 10, 2025--(BUSINESS WIRE)--The Western Union Company (NYSE: WU) announced today that Chief Executive Officer Devin McGranahan and Chief Financial Officer Matt Cagwin will host a webcast and conference call to discuss first quarter 2025 results on April 23, 2025, at 4:30 p.m. ET. A press release highlighting the financial results will be issued the same day. The webcast and presentation will be available at A replay of the webcast will be available shortly after the event. To listen to the webcast, please visit the Investor Relations section of the Company's website or use the following link: Webcast Link. Alternatively, participants may join via telephone. In the U.S., dial +1 (719) 359-4580, followed by the meeting ID, which is 970 3723 0230, and the passcode, which is 759219. For participants outside the U.S., dial the country number from the international directory, followed by the meeting ID, which is 970 3723 0230, and the passcode, which is 759219. Participants are encouraged to join at least fifteen minutes prior to the scheduled start time. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit WU-G View source version on Contacts Media Relations: Brad Jonesmedia@ Investor Relations: Tom
Associated Press
24-03-2025
- Business
- Associated Press
Western Union forms strategic partnership with HCLTech to transition to an AI led platform operating model
HCLTech and Western Union to set up a new India-based technology center to foster innovation NOIDA, India, March 24, 2025 /CNW/ -- HCLTech and Western Union announce a strategic partnership to drive innovation and transformation in the financial services industry. The strategic partnership establishes HCLTech as Western Union's largest preferred partner as they collaborate to: Transition to a platform operating model: Western Union will leverage HCLTech's AI-powered solutions, FENIXAI and AI Force, to accelerate Western Union's transition to a platform-centric operating model, enabling greater agility and scalability. Accelerate platform and channel transformation: Western Union will harness HCLTech's cutting-edge digital, cloud, and AI solutions to enhance platform and channel capabilities, delivering seamless and innovative customer experiences. HCLTech will support data driven decision making and increased resilience through enterprise-wide infrastructure transformation. Leverage expertise in digital engineering: HCLTech's proven track record in digital engineering will accelerate Western Union's work to reimagine its technology landscape, implement full stack observability and automation, increase efficiency through AI-assisted methods, and ensure robust and future-ready solutions. Expand technology footprint in India: Western Union, in collaboration with HCLTech, will establish an advanced technology center in Hyderabad, India. This will further enhance Western Union's global technology capabilities and create new opportunities for innovation and talent development. Devin McGranahan, President and Chief Executive Officer of Western Union, added, 'Our collaboration with HCLTech is a testament to our shared vision of delivering exceptional value to our customers. HCLTech's expertise will help us fulfill our mission to make world-class financial services accessible to people everywhere.' C Vijayakumar, CEO and Managing Director of HCLTech, said, 'This strategic partnership emphasizes our focus on empowering fintech companies through digital engineering led transformation and creating exceptional value for their stakeholders. We remain deeply committed to Western Union's growth journey through innovative solutions that deliver real business outcomes.' This partnership reflects the shared values and vision of HCLTech and Western Union, as they work together to supercharge progress and create a lasting impact for our strategic clients. About Western Union The Western Union Company (NYSE: WU) is committed to helping people around the world who aspire to build financial futures for themselves, their loved ones and their communities. Our leading cross-border, cross-currency money movement, payments and digital financial services empower consumers, businesses, financial institutions and governments—across more than 200 countries and territories and over 130 currencies—to connect with billions of bank accounts, millions of digital wallets and cards, and a global footprint of hundreds of thousands of retail locations. Our goal is to offer accessible financial services that help people and communities prosper. For more information, visit About HCLTech HCLTech is a global technology company, home to more than 220,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending December 2024 totaled $13.8 billion. To learn how we can supercharge progress for you, visit For further details about Western Union, please contact: Saadia McGlinchey Karen Santos
