Core Viewpoint - EverCommerce has successfully repriced the fixed rate component of its $533.5 million term loan, resulting in significant interest cost savings as part of its transformation and optimization efforts [1][2]. Financial Summary - The repricing reduced the fixed component of the interest rate by 50 basis points, from SOFR plus 3.0% to SOFR plus 2.50% [2]. - This change is expected to yield annualized interest cost savings of approximately $3.3 million based on the outstanding principal amount as of September 30, 2024 [2]. Risk Management - EverCommerce executed a series of interest rate swaps with a combined notional amount of $425 million, effectively reducing the company's floating rate exposure [3]. Company Overview - EverCommerce is a leading service commerce platform that provides vertically-tailored, integrated SaaS solutions to over 690,000 global service-based businesses [3]. - The company specializes in Home, Health, and Wellness service industries through its brands EverPro, EverHealth, and EverWell, offering end-to-end business management software, payment acceptance, marketing technology, and customer experience applications [3].

Company Announcements - EverCommerce Inc. will present at the RBC Capital Markets Technology, Internet, Media & Telecommunications Conference on November 20, 2024, at 10:00 a.m. EST [1] - Senior Vice President and Head of Investor Relations, Brad Korch, will participate in 1x1 meetings at the Raymond James TMT and Consumer Conference on December 10, 2024 [2] - CFO Ryan Siurek and SVP Brad Korch will also participate in 1x1 meetings at the Barclays Global Technology Conference on December 12, 2024 [2] Investor Relations - Live webcasts for the conferences will be available through the Investor Relations section of EverCommerce's website [3] - Contact information for investor relations is provided, including Brad Korch's phone number and email [5] Company Overview - EverCommerce is a leading service commerce platform that offers vertically-tailored, integrated SaaS solutions to over 690,000 global service-based businesses [4] - The company specializes in Home, Health, and Wellness service industries through its brands EverPro, EverHealth, and EverWell [4] - EverCommerce provides end-to-end business management software, embedded payment acceptance, marketing technology, and customer experience applications [4]

Financial Data and Key Metrics Changes - The company reported GAAP revenue of $176.3 million for Q3 2024, representing a 0.9% year-over-year increase. On a pro forma basis, revenue increased by 4.3% year-over-year [10][28][31] - Adjusted EBITDA was $44.5 million, with a margin of 25.3%, reflecting a 140 basis point expansion year-over-year [11][34] - Total payment volume (TPV) reached approximately $12.4 billion, indicating an 8.4% year-over-year growth [27] Business Line Data and Key Metrics Changes - Subscription and Transaction revenue was $137.6 million, up 3.7% year-over-year, while Marketing Technology solutions revenue decreased by 6.7% year-over-year to $34.4 million [28] - Payments revenue, excluding fitness solutions, grew by 6.7% year-over-year, contributing approximately 17% of overall revenue [26][31] Market Data and Key Metrics Changes - The company ended the quarter with approximately 212,000 customers enabled for more than one solution, reflecting a 25% year-over-year growth [22] - Active utilization of more than one solution reached approximately 88,000 customers, representing a 13% year-over-year growth [23] Company Strategy and Development Direction - The company is focused on transformation and optimization initiatives, including the hiring of a new leader for the EverPro vertical to enhance decision-making and customer alignment [12][16] - The strategy emphasizes integrated sales motions and cross-selling opportunities, particularly in payments, to enhance customer value and drive revenue growth [21][56] Management's Comments on Operating Environment and Future Outlook - Management noted that the transformation initiatives are expected to set the stage for organic growth acceleration in the latter half of 2025 and into 2026 [52] - The company is optimistic about its ability to penetrate further into the payments market, which remains a significant opportunity for growth [55] Other Important Information - The company generated $27.5 million in cash flow from operations for the quarter, with levered free cash flow of $23 million [38] - The company repurchased approximately 1.4 million shares for $14.6 million during the quarter, with $39.4 million remaining in the repurchase authorization [42] Q&A Session Summary Question: Can you talk about specific initiatives for cross-sell optimization? - Management highlighted the Edge program, which has been successfully integrated into multiple solutions, driving significant uptake [46][47] Question: How do you rank the most important catalysts for organic reacceleration in 2025? - Management emphasized the importance of effective customer acquisition, integrated sales processes, and further penetration into the payments market as key catalysts [51][55] Question: Any changes in the broader SMB purchasing environment in Q3? - Management reported no significant changes, with continued ASP expansion and flat to compressed sales cycles [62][63] Question: What are the key focus areas for the new CFO? - The CFO indicated a focus on transformation and optimization, particularly in embedded functionality for 2025 [64] Question: What is driving the growth in customers enabled for more than one product? - Management attributed this growth to an integrated sales motion that emphasizes the full breadth of offerings during customer acquisition [70][71] Question: How does the new organizational structure impact R&D and sales? - The new structure aims to enhance decision-making and resource allocation, improving both R&D and sales effectiveness [102][106] Question: What is the current status of net revenue retention (NRR)? - Management noted that NRR has been impacted by a previous pricing action but is expected to stabilize as the company moves forward [110][111]

For the quarter ended September 2024, EverCommerce (EVCM) reported revenue of $176.26 million, up 0.9% over the same period last year. EPS came in at -$0.05, compared to $0.00 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $174.06 million, representing a surprise of +1.27%. The company delivered an EPS surprise of -400.00%, with the consensus EPS estimate being -$0.01.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wa ...

EverCommerce (EVCM) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -400%. A quarter ago, it was expected that this business software company would post a loss of $0.01 per share when it actually produced a loss of $0.02, delivering a surprise of -100%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________________ to ___________________ Commission File Number: 001-40575 EverCommerce Inc. (Exact Name of Registrant as Specified in its Charter) Delawa ...

Exhibit 99.1 Evercommerce EverCommerce Announces Third Quarter 2024 Financial Results Denver, CO (November 12, 2024) EverCommerce Inc. ("EverCommerce" or the "Company") (NASDAQ: EVCM), a leading service commerce platform, today announced financial results for the quarter ended September 30, 2024. Third Quarter 2024 Financial Highlights • Revenue of $176.3 million, an increase of 0.9% compared to $174.7 million for the quarter ended September 30, 2023. Pro Forma Revenue, which excludes fitness, increased 4.3 ...

DENVER, Oct. 21, 2024 (GLOBE NEWSWIRE) -- EverCommerce Inc. (NASDAQ: EVCM), a leading provider of SaaS solutions for service SMBs, will report its third quarter 2024 financial results after the U.S. financial markets close on Tuesday, November 12, 2024. Management will host a conference call on Tuesday, November 12 at 5:00 p.m. Eastern Time / 3:00 p.m. Mountain Time to discuss the Company’s financial results and provide a business update. Please visit the “Investor Relations” page of the Company’s website ( ...

Denver, Colorado, Sept. 23, 2024 (GLOBE NEWSWIRE) -- TextUs, the leading text messaging platform that empowers businesses to have engaging two-way conversations at scale, is pleased to announce the addition of Andrew Davis as Vice President of Marketing to its executive leadership team. Andrew Davis joins TextUs with a strong background in demand generation markets. Davis' experience with paid acquisition and channel development in high growth SaaS organizations make him a valuable addition to the TextUs ex ...

DENVER, Sept. 20, 2024 (GLOBE NEWSWIRE) -- EverCommerce Inc. (Nasdaq: EVCM) (the "Company"), a leading provider of SaaS solutions for service SMBs, announced today the appointment of Alexi Wellman to its Board of Directors, effective Monday, September 23, 2024. "We are excited to welcome Alexi to our Board of Directors," said EverCommerce CEO and Chairman of the Board Eric Remer. "Alexi brings extensive experience in operations, financial management, accounting and audit processes and corporate governance t ...