EZCORP's first quarter results for 2022 showed significant growth, with pawn loans outstanding up 19%, total revenue increasing by 24%, and net income up by 266%. The company's diluted earnings per share also saw a substantial increase, and the return on earning assets remained strong.
Pawn loans outstanding (PLO) was up 19%.
Total revenue increased 24%, and net revenue increased 22%.
Merchandise sales gross profit margin remains high at 40%.
Diluted earnings per share of $0.21 were up significantly from $0.08. On an adjusted basis, diluted earnings per share were $0.22, compared to diluted earnings per share of $0.13.
The company invested in a company with interests in 20 pawn stores primarily in the Caribbean with plans for further expansion, and the acquisition pipeline remains robust with continued opportunities to diversify into new pawn markets.
Visualization of income flow from segment revenue to net income