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) announced that CEO Lachie Given and CFO Tim Jugmans will participate in the Sidoti Virtual Investor Conference on September 21-22, 2022. Their presentation is scheduled for 9:15 am ET on September 21. Investors can register for the presentation and one-on-one meetings through www.sidoti.com/events. The investor presentation deck will be available on EZCORP's investor relations page at www.ezcorp.com.
EZCORP (NASDAQ: EZPW) reported strong third-quarter results for the period ending June 30, 2022. Pawn loans outstanding surged 30% to a record $204.2 million, driving total revenue up by 24% to $215.8 million. Gross profit increased by 20%, reaching $129.5 million. Net income rose significantly to $12.2 million, translating to earnings per share of $0.17, a marked improvement from the previous year's loss. The company continues to expand, opening eight new stores in Latin America and acquiring three in Texas, while maintaining a robust return on earning assets of 165%.
EZCORP, Inc. (NASDAQ: EZPW) will announce its third quarter 2022 financial results on August 3, after market close. A conference call is scheduled for August 4 at 8:00 a.m. ET to discuss these results. The presentation slides will be available on the company's Investor Relations website post-announcement. Investors can access the call via the web or by dialing (844) 200-6205, with an international line at (929) 526-1599. A replay will also be available online shortly after the call concludes.
EZCORP, a leading provider of pawn transactions in the U.S. and Latin America, announced participation in three upcoming conferences. CEO Lachie Given and CFO Tim Jugmans will engage in:
- Oppenheimer 22nd Annual Consumer Growth and E-Commerce Conference on June 15, 9:00 AM ET, with one-on-one meetings afterward.
- Jefferies Consumer Conference, available on demand from June 20 to June 22.
- East Coast IDEAS Conference on June 22 at 6:00 AM ET, also including one-on-one meetings.
Presentation materials will be accessible on the Company's website.
EZCORP (NASDAQ: EZPW) reported a robust second quarter ended March 31, 2022, with net income soaring by 179% to $14.9 million and total revenues increasing 17% to $216.0 million. Pawn loans outstanding rose 39% to $173.6 million, nearing pre-pandemic levels. Diluted earnings per share improved to $0.20. The company announced a $50 million share repurchase program to return capital to shareholders. Strategic initiatives include opening new stores and expanding the EZ+ Rewards program in Guatemala, enhancing customer experience and engagement.
EZCORP, Inc. (NASDAQ: EZPW) is set to release its second quarter 2022 financial results on May 4 after market close. This report covers the period ending March 31, 2022. A webcast and conference call are scheduled for May 5 at 8:00 a.m. Eastern Time to discuss the results. Investors can access the details on the company's Investor Relations website. The event will be available live over the internet, and a replay will be posted shortly after the live call concludes.
EZCORP, a leading provider of pawn transactions in the U.S. and Latin America, will host an Investor Day in Dallas, TX, on March 29, 2022, from 10:00 a.m. to 5:00 p.m. Central Time. A live webcast of the event will occur from 2:00 p.m. to 4:00 p.m. Central Time, featuring discussions on the company’s strategy, financial performance, and growth prospects. Key executives including CEO Lachie Given and CFO Tim Jugmans will present. Interested attendees can contact Jean Marie Young at Three Part Advisors for more information.
EZCORP, Inc. has announced a realignment in its senior leadership with Lachlan P. Given appointed as Chief Executive Officer and John Blair Powell, Jr. as Chief Operating Officer. Both had been serving as Co-Interim CEOs since January 12. This change aims to leverage their expertise for better strategic direction and operational performance. Additionally, the company’s Annual Meeting of Stockholders resulted in the re-election of several board members, including Mr. Given, to a one-year term. EZCORP focuses on providing solutions for short-term cash needs in the U.S. and Latin America.
EZCORP, Inc. (NASDAQ: EZPW) will hold its Annual Meeting of Stockholders on March 3, 2022, at 9:00 a.m. Central Time, via conference call. Management will present the business overview, followed by a Q&A session. Stockholders and interested parties can join by dialing (877) 407-0789 or internationally at (201) 689-8562, using Conference ID: 13727193. The meeting will be simultaneously webcast and available for replay. EZCORP's Annual Report on Form 10-K for fiscal 2021 has been filed with the SEC and is available on the company’s investor relations website.
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