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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.
Revenue by Segment
Revenue by Geographic Location
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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