Loading...
•
Jun 30, 2024
EZCORP Q3 2024 Earnings Report
Reported record PLO and Q3 revenues.
Key Takeaways
EZCORP reported a strong third quarter with record Q3 revenues and the highest level of PLO in company history. Total revenues increased by 10%, and pawn loans outstanding rose by 14%. The company expanded its footprint by adding twelve new stores and demonstrated its commitment to returning capital to shareholders by repurchasing $3.0 million worth of shares.
Pawn loans outstanding (PLO) increased 14% to $261.7 million.
Total revenues increased 10% and gross profit increased 12%, with merchandise sales gross margin at 36%.
Net income was $18.0 million, with adjusted net income increasing $2.2 million or 14%.
Diluted earnings per share were $0.25, up from $0.24, with adjusted diluted earnings per share at $0.23, compared to $0.20.
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
U.S. Pawn Revenue
CapyFin.comLatin America Pawn Revenue
CapyFin.com Forward Guidance
The company remains committed to a balanced capital allocation strategy, investing in its people and business to drive strong organic growth, executing value-enhancing acquisitions and investments, returning capital to shareholders via strategic share repurchases, and maintaining substantial liquidity to manage debt.
Positive Outlook
- Investing in people and business to drive strong organic growth.
- Executing value-enhancing acquisitions and investments.
- Returning capital to shareholders via strategic share repurchases.
- Maintaining substantial liquidity to manage debt.
- Prioritizing convenience and a seamless customer experience to drive loyalty and engagement.
Challenges Ahead
- Operating risks
- Liquidity risks
- Legislative or regulatory developments
- Market factors
- Current or future litigation
Revenue & Expenses
Visualization of income flow from segment revenue to net income