EZCORP, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 01, 2024 at 04:12 pm
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EZCORP, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported revenue was USD 285.64 million compared to USD 258.42 million a year ago. Net income was USD 21.48 million compared to net loss of USD 6.79 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to basic loss per share from continuing operations of USD 0.12 a year ago. Diluted earnings per share from continuing operations was USD 0.29 compared to diluted loss per share from continuing operations of USD 0.12 a year ago.
For the six months, revenue was USD 585.63 million compared to USD 522.75 million a year ago. Net income was USD 49.95 million compared to USD 9.99 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 0.18 a year ago. Diluted earnings per share from continuing operations was USD 0.65 compared to USD 0.11 a year ago.
EZCORP, Inc. is a provider of pawn transactions in the United States and Latin America. The Company also sells merchandise, primarily collateral forfeited from pawn lending operations and pre-owned and recycled merchandise purchased from customers. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The U.S. Pawn segment includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States. The Latin America Pawn segment includes its Empeno Facil, Cash Apoyo Efectivo (CAE) and other branded pawn operations in Mexico, as well as its GuatePrenda and MaxiEfectivo pawn operations in Guatemala, El Salvador, and Honduras (GPMX). At its pawn stores, it advances cash against the value of collateralized tangible personal property and sells merchandise to customers looking for good value. The merchandise it sells primarily consists of second-hand collateral forfeited from its pawn activities or merchandise purchased from customers.
EZCORP, INC. 
