Welcome to our dedicated page for Ezcorp news (Ticker: EZPW), a resource for investors and traders seeking the latest updates and insights on Ezcorp stock.
EZCORP Inc. (NASDAQ: EZPW) is a prominent provider of pawn loans in the United States and Mexico, with a significant presence in the short-term consumer loan market in Mexico. Formed in 1989 with just 16 pawn stores, EZCORP has expanded its operations to become a leading player in the industry, now operating over 1,237 stores and employing more than 7,700 team members.
Headquartered in Austin, Texas, EZCORP's core business revolves around offering non-recourse pawn loans collateralized by personal property. This allows consumers who are cash and credit constrained to meet their short-term financial needs. The company also engages in the purchase and sale of pre-owned merchandise, often derived from collateral forfeited from pawn lending operations and goods purchased directly from customers.
EZCORP operates through distinct segments: U.S. Pawn, Latin America Pawn, and Other International. The U.S. Pawn segment handles all pawn activities within the United States. The Latin America Pawn segment covers pawn activities in Mexico and other parts of Latin America, including recent expansions in Guatemala.
The company has seen noteworthy achievements and growth, with record revenues and earnings reported in recent quarters. For the first quarter of fiscal 2024, EZCORP posted the highest pawn loan originations (PLO) and total revenues in its history. The company attributes this success to the increased demand driven by a challenging macro-economic environment.
EZCORP is committed to enhancing customer service and operational efficiency by investing in its team members, technology, and process automation. This dedication has been recognized, with the company being named one of America's Greatest Workplaces for Diversity in 2024 by Newsweek.
Significant initiatives include the acquisition and opening of new stores, particularly in Latin America. Recently, EZCORP acquired one store in Texas and opened five new stores in Latin America, including three in Guatemala and two in Mexico. The company also continues to grow its customer loyalty program, EZ+ Rewards, which now boasts 4.2 million members.
Financially, EZCORP maintains a robust balance sheet and cash liquidity, enabling strategic growth and expansion. The company's forward-looking strategies and initiatives aim to sustain its leadership in the pawn industry while ensuring consistent returns for shareholders.
For more detailed information, including the latest financial reports and conference call details, visit EZCORP's Investor Relations section at http://investors.ezcorp.com.
EZCORP (NASDAQ: EZPW) reported strong financial results for Q4 and FY2024. Q4 highlights include a 12% increase in pawn loans outstanding to $274.1M, net income up by $4.9M to $15.2M, and total revenues up 9% to $294.6M. Full-year 2024 performance showed net income of $83.1M (up $44.6M), total revenues increased 11% to $1.16B, and diluted EPS rose to $1.10 from $0.53. The company expanded its footprint by adding 21 stores in Q4, including one acquired store in the U.S. and 20 new stores in Latin America, now operating 1,279 stores across five countries.
EZCORP (NASDAQ: EZPW), a leading provider of pawn transactions in the United States and Latin America, has announced it will release its fourth quarter and full year fiscal 2024 financial results on Wednesday, November 13, 2024, after market close. The company will host a webcast and conference call on Thursday, November 14, 2024, at 9:00 a.m. Eastern time to discuss the results. Presentation slides will be available on the company's Investor Relations website after market close on November 13. A replay of the conference call will be accessible online at the investors website.
EZCORP, Inc. (NASDAQ:EZPW) has announced a definitive agreement to acquire 53 pawn stores in Mexico from Presta Dinero, S.A. de C.V., operating as "Auto Dinero". The acquisition targets a company specializing in auto pawn and title pawn transactions across 21 Mexican states. Auto Dinero's founder, Jorge Hernandez, will join EZCORP post-acquisition.
EZCORP CEO Lachie Given highlighted the strategic benefits of this move, including geographic expansion in a core market, product diversification with higher-value collateral, and attracting a new customer demographic. The transaction, agreed upon on September 10, 2024, is expected to close by October 31, 2024, subject to customary conditions.
EZCORP (NASDAQ: EZPW), a leading pawn transaction provider in the US and Latin America, has announced its participation in the Canaccord Genuity 44th Annual Growth Conference. The event will take place at the InterContinental Hotel in Boston, MA from August 13-15, 2024.
Key points:
- EZCORP will participate in a fireside chat on August 13 at 8:30 A.M. Eastern time
- The fireside chat will be webcast live and available for replay
- The company will host one-on-one meetings throughout August 13
- Interested parties can request meetings with the EZPW team through Canaccord representatives or by emailing EZPW@elevate-ir.com
EZCORP (NASDAQ: EZPW) reported strong Q3 fiscal 2024 results, with record pawn loans outstanding (PLO) of $261.7 million, up 14% year-over-year. Total revenues increased 10% to $281.4 million, while gross profit rose 12% to $166.7 million. Net income was $18.0 million, with diluted earnings per share of $0.25. On an adjusted basis, net income increased 14% to $17.0 million, with diluted earnings per share of $0.23.
The company expanded its footprint by adding 12 new stores, bringing the total to 1,258 locations. EZCORP's EZ+ Rewards program now has 5 million members, up 51% year-over-year. Online payments in the U.S. increased 49% to $21.7 million. The company maintains a strong balance sheet with $218.0 million in cash and cash equivalents, enabling continued growth and strategic acquisitions.
EZCORP, Inc. (NASDAQ: EZPW), a leading pawn transactions provider in the US and Latin America, has announced the release of its third quarter fiscal 2024 financial results on Wednesday, July 31, 2024, after market close. The company will host a webcast and conference call on Thursday, August 1, 2024, at 9:00 a.m. Eastern Time to discuss the results.
Presentation slides will be available on the Investor Relations section of EZCORP's website after market close on July 31. Interested parties can register for the conference call and access the live webcast through provided links. A replay of the call will be available online at the company's investor relations website shortly after the live call concludes.
EZCORP (NASDAQ: EZPW) has announced its participation in two major investor conferences in June 2024. On June 12, Tim Jugmans, CFO, will present at the 14th Annual East Coast IDEAS Investor Conference in New York, NY, with meetings scheduled throughout the day. Following this, CEO Lachie Given and CFO Tim Jugmans will attend the Jefferies Consumer Conference in Nantucket, MA, on June 17-18, 2024, also conducting meetings over the two days. The presentation materials and webcast will be available on the company's Investor Relations page.
EZCORP, Inc. (NASDAQ: EZPW) reported strong Q2 results with net income of $21.5 million, up from a net loss of $6.8 million, and diluted earnings per share of $0.29, up from a loss per share of $0.12. Total revenues increased by 11% and gross profit by 12%. Pawn loans outstanding rose by 14% to $235.8 million, with a strong return on earning assets of 165%. The company continues to expand, open new stores, and invest in technology while returning capital to shareholders. Online payments have seen significant growth, and customer engagement initiatives are driving growth. Despite increased store and general expenses, the company's balance sheet remains robust with $229.1 million in cash and cash equivalents. The U.S. Pawn segment saw a 10% increase in revenue and gross profit, while the Latin America Pawn segment reported a 12% revenue growth. Overall, EZCORP's solid performance and strategic investments position it well for future growth.
EZCORP, Inc. (NASDAQ: EZPW) will release its second quarter fiscal 2024 financial results on May 1, 2024, after the market closes. A webcast and conference call to discuss the results will be held on May 2, 2024, at 9:00 a.m. Eastern Time. Presentation slides will be available on the Investor Relations website. Details for the webcast can be found on the company's website. A replay of the conference call will also be available online.
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