logo
ENع
#

Latest news with #TaylorLauber

Shift4 Leadership in Flux as Trump Pulls CEO's NASA Nomination
Shift4 Leadership in Flux as Trump Pulls CEO's NASA Nomination

Bloomberg

time02-06-2025

  • Business
  • Bloomberg

Shift4 Leadership in Flux as Trump Pulls CEO's NASA Nomination

Taylor Lauber was preparing to start his new job as chief executive officer of Shift4 Payments Inc. soon, as the company's founder and current CEO got ready to head to Washington to lead NASA under President Donald Trump. That's now all in doubt after Trump over the weekend suddenly pulled Jared Isaacman's nomination to lead the space agency, with analysts expecting that he will likely remain at the helm of the payments company he started in his parents' basement as a teenager. Shift4 listed publicly in 2020 and now has a market valuation of about $8.5 billion.

Why Shift4 Payments Stock Popped Today
Why Shift4 Payments Stock Popped Today

Yahoo

time29-04-2025

  • Business
  • Yahoo

Why Shift4 Payments Stock Popped Today

Payment processing solutions company Shift4 Payments (NYSE: FOUR) surged ahead 10% through 11 a.m. ET Tuesday after reporting mixed earnings this morning. On one hand, Shift4 beat earnings forecasts soundly, reporting $1.07 per share in adjusted profit, where Wall Street expected only $0.95. On the other hand, revenue came up short. The company recorded $848.3 million, less than the $862 million analysts had forecast. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » Company president Taylor Lauber boasted record payment volume in the year's first quarter, $45 billion, calling payment volumes "healthy" and noting "recent political commentary and capital markets volatility have not translated into reduced consumer spending across our merchants." Payment volume grew 35%, translating into 40% growth in gross revenue after network fees -- less than expected, but still quite healthy. Net income declined by 32% regardless, and adjusted free cash flow as calculated by the company was down 10% year over year at $70.5 million -- albeit the company's description of how it arrives at that figure is somewhat vague. A more traditional measure of free cash flow, operating cash flow minus capital expenditures and capitalized software costs, could put FCF at anywhere from $46.6 million to $76.9 million. Turning to guidance, management expanded its range of possible outcomes this year slightly, forecasting revenue in the $1.66 billion to $1.73 billion range, which works out to 23% to 28% year-over-year growth -- slower than seen in Q1. Management further noted that it expects adjusted free cash flow "conversion" rate to be about 50%. Again, this is a rather opaque and company-specific measurement. But applied to the company's forecast for adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), it would appear to imply somewhere between $420 million and $432.5 million in FCF this year, valuing the $5.5 billion company at perhaps 13 times FCF. While the math is pretty fuzzy, for any company growing revenue at better than 20%, that seems a good value. Before you buy stock in Shift4 Payments, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Shift4 Payments wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,818!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $666,416!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Shift4 Payments. The Motley Fool has a disclosure policy. Why Shift4 Payments Stock Popped Today was originally published by The Motley Fool

Shift4 enters $2.5bn deal to buy Global Blue
Shift4 enters $2.5bn deal to buy Global Blue

Yahoo

time21-02-2025

  • Business
  • Yahoo

Shift4 enters $2.5bn deal to buy Global Blue

Integrated payments company Shift4 has agreed to acquire Swiss payments and technology firm Global Blue for $7.50 per common share in cash. The offer marks a 15% premium over Global Blue's closing share price as of 14 February 2025, valuing the company at nearly $2.5bn. Shift4 intends to use cash on hand and a 364-day $1.795bn bridge loan facility to fund the deal. With 40 years of experience, Global Blue operates at the intersection of travel and luxury retail across Europe, Asia, and South America. It is known for its two-sided network, connecting millions of international shoppers with merchants through its proprietary app. The deal will see Global Blue's merchant solutions integrated into Shift4's global payments platform, aiming to provide an enhanced experience for merchants. This includes the addition of tax refund and currency conversion capabilities, which are expected to strengthen Shift4's position as a vendor and partner. In addition, Shift4 has said that two of Global Blue's current shareholders, Ant International and Tencent, are considering partnerships with Shift4 and intends to remain shareholders in the merged entity. These partnerships may include the distribution of Alipay+ and Weixin Pay, expanding payment options within the Shift4 ecosystem. Upon finalisation, Global Blue's stocks will be delisted from public exchanges, and warrant holders can exercise their warrants before their August 2025 maturity. The deal is slated for completion in the third quarter of 2025, pending regulatory approvals, standard closing conditions, and a minimum tender requirement. Goldman Sachs is Shift4's financial advisor for the transaction, with Latham & Watkins and Loyens & Loeff N.V. providing legal counsel. J.P. Morgan Securities is Global Blue's lead financial advisor, alongside a team of financial advisors and legal counsel from various firms. Shift4 president Taylor Lauber said: 'This acquisition continues a bold tradition of introducing transformative capabilities to exceptional customers along with a massive embedded cross-sell opportunity. It fits perfectly in the Shift4 playbook: delivering an enormous volume conversion opportunity while unlocking significant new revenue opportunities and capabilities that open entirely new markets for us.' Global Blue CEO Jacques Stern stated: 'Uniting with Shift4 represents the next phase of Global Blue's growth journey, enhancing our integrated value proposition to our marquee merchants globally. Most importantly, we're excited, alongside Shift4, to continue our track-record of innovation to deliver better experiences for all stakeholders in the shopping ecosystem.' Shift4 has reported a net income of $139.3m for the fourth quarter of 2024. Its annual profit stood at $294.5m, up from $122.9m in 2023. "Shift4 enters $2.5bn deal to buy Global Blue " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store