8-KOther Events

GLOBAL PAYMENTS INC 8-K Report (Jul 18, 2001)

Filed July 18, 2001For Securities:GPN

Summary

This 8-K filing from Global Payments Inc. (GPN) on July 18, 2001, primarily announces forward-looking guidance for fiscal years 2001 and 2002, as well as the first quarter of fiscal 2002. The company projects significant revenue and earnings per share growth, indicating confidence in its business strategy and operational performance heading into the next fiscal year. Key financial expectations include projected revenue growth from $350.3 million in fiscal 2001 to $455-$462 million in fiscal 2002, with corresponding increases in basic and diluted Earnings Per Share (EPS). The filing also provides guidance for the first quarter of fiscal 2002, showing continued expected growth. Notably, the impact of SFAS 142 (Statement of Financial Accounting Standards No. 142) on goodwill and other intangible assets is quantified, affecting expected EPS by $0.10 in fiscal 2002 and $0.02 in the first quarter. The company explicitly invokes the safe harbor provisions for these forward-looking statements due to inherent risks and uncertainties.

Key Highlights

  • 1Global Payments Inc. (GPN) issued forward-looking guidance for fiscal years 2001 and 2002, and Q1 fiscal 2002.
  • 2Projected revenue for fiscal year ending May 31, 2002, is expected to be between $455 million and $462 million, up from $350.3 million in fiscal 2001.
  • 3Basic EPS for fiscal 2002 is projected to be between $1.24 and $1.29, compared to $1.08 in fiscal 2001.
  • 4Diluted EPS for fiscal 2002 is projected to be between $1.19 and $1.24, compared to $1.06 in fiscal 2001.
  • 5The impact of SFAS 142 on expected results for fiscal 2002 is an estimated $0.10 per share.
  • 6Guidance is provided for the first quarter ending August 31, 2001, showing expected revenue of $111-$114 million and basic EPS of $0.33-$0.35.
  • 7The company included a disclaimer regarding forward-looking statements, citing various risks and uncertainties.

Frequently Asked Questions

The primary purpose of this 8-K filing is to provide Global Payments Inc.'s forward-looking financial guidance for the fiscal year ending May 31, 2002, and for the first quarter of fiscal 2002, in accordance with Regulation FD. It also includes a press release and combined quarterly statements of income for informational purposes.

For the fiscal year ending May 31, 2002, Global Payments projects revenue to be between $455 million and $462 million, a significant increase from $350.3 million in fiscal 2001. Basic EPS is expected to grow to $1.24-$1.29 from $1.08, and diluted EPS to $1.19-$1.24 from $1.06.

The implementation of SFAS 142 is expected to have an impact of $0.10 per share on the fiscal year 2002 expected results and $0.02 per share on the first quarter of fiscal 2002 expected results. This standard relates to goodwill and other intangible assets.

No, these projections are forward-looking statements and are not guaranteed. The company explicitly states that actual results could differ materially from those anticipated due to a variety of risks, uncertainties, and contingencies. These include factors outlined in their risk factors, press releases, SEC filings, and analyst discussions. The company invokes the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.