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Sep 30, 2020
World Acceptance Q2 2021 Earnings Report
Net income and EPS increased significantly due to share repurchase program and improved portfolio performance.
Key Takeaways
World Acceptance Corporation reported a decrease in total revenues but a significant increase in net income and EPS for the second quarter of fiscal year 2021. The company's performance was influenced by the COVID-19 pandemic, but strategic share repurchases and improved portfolio management contributed to the positive bottom-line results.
Net income increased by 433.1% to $13.4 million compared to the same quarter of the prior year.
Net income per diluted share increased by 538.0% to $1.96 per share.
Total revenues decreased by 12.1% to $124.4 million.
The Company repurchased 460,120 shares of its common stock for approximately $43.2 million during the quarter.
World Acceptance
World Acceptance
World Acceptance Revenue by Segment
Revenue by Segment
Interest and Fee Income Revenue
CapyFin.comInsurance and Other Income, Net Revenue
CapyFin.comRevenue & Expenses
Visualization of income flow from segment revenue to net income