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Dec 31, 2022
EZCORP Q1 2023 Earnings Report
EZCORP's first quarter of fiscal year 2023 showed strong revenue and earnings growth, driven by increased pawn loans outstanding and record sales.
Key Takeaways
EZCORP reported a strong first quarter with a 20% increase in total revenue and a 15% increase in gross profit. Pawn loans outstanding rose by 19%, and the company achieved its highest ever quarterly sales result. Net income for the quarter was $16.8 million, an increase of $1.1 million, with diluted earnings per share of $0.25.
Pawn loans outstanding increased by 19% to $209.9 million.
Total revenue grew by 20%, and gross profit increased by 15%.
Net income for the quarter rose to $16.8 million, a $1.1 million increase.
Diluted earnings per share increased to $0.25, up from $0.21.
EZCORP
EZCORP
EZCORP Revenue by Segment
EZCORP Revenue by Geographic Location
Revenue by Segment
U.S. Pawn Revenue
CapyFin.comLatin America Pawn Revenue
CapyFin.comRevenue by Geographic Location
Latin America Pawn Revenue
CapyFin.com Forward Guidance
The company remains committed to market-leading customer service through investments in teams, technology, and process efficiencies, while also launching initiatives to enhance work-life balance for team members and increase employer competitiveness.
Positive Outlook
- Continued execution on the three-year strategic plan.
- Highest pawn loans outstanding on record for the quarter.
- Strongest ever quarterly sales result.
- Acquired nine stores in the Houston, Texas area and one store in Las Vegas, Nevada.
- Proactively addressed near-term convertible debt maturities with a successful placement of $230 million of 7-year convertible notes.
Revenue & Expenses
Visualization of income flow from segment revenue to net income