World Acceptance Corp - WRLD STOCK NEWS

World Acceptance (NASDAQ:WRLD) has announced that it will host its second quarter 2025 conference call on Friday, October 25. The company will provide a real-time webcast and rebroadcast of the call, which will be accessible online. The earnings release will be issued prior to the call.

The live broadcast of the conference call will begin at 10:00 a.m. Eastern Time on October 25. Interested parties can access the webcast through the provided link. Following the live broadcast, an online replay will be available immediately and will continue for 30 days.

World Acceptance (NASDAQ: WRLD) reported its fiscal 2025 first-quarter results. The company achieved net income of $9.9 million and a diluted net income of $1.79 per share. Total revenues decreased by 7.0% to $129.5 million compared to the same quarter last year. Gross loans outstanding reduced by 8.8% year-over-year to $1.275 billion.

Interest and fee income declined by 4.7% to $111.2 million, while insurance income dropped by 19.4% to $12.9 million. General and administrative expenses fell by 9.9% to $61.4 million. The company's debt-to-equity ratio improved to 1.2:1, and the outstanding debt decreased to $492.7 million. The customer base reduced by 2.6% year-over-year. The company repurchased 79,324 shares of its common stock for $11.1 million during the quarter.

World Acceptance (NASDAQ:WRLD) has announced its upcoming first quarter 2025 conference call, scheduled for Friday, July 26. The company will provide a real-time webcast and rebroadcast of the call, with the earnings release to be issued prior to the event. The live broadcast will begin at 10:00 a.m. Eastern Time and will be available online. An online replay will be accessible immediately following the call and will remain available for 30 days.

World Acceptance (NASDAQ: WRLD) reported strong financial results for the fourth quarter of fiscal 2024, showcasing net income of $35.1 million and diluted net income per share of $6.09. The company focused on credit quality and conservative lending practices, resulting in improved recency delinquency rates and total revenues of $159.3 million. Gross loans outstanding decreased by 8.1% to $1.28 billion compared to the prior year. Despite a decrease in the customer base, the company saw an increase in unique borrowers and improved gross loan origination balances. CECL allowance and provision impact decreased, leading to lower net charge-offs and improved recency delinquency rates. G&A expenses and personnel expenses decreased, while the company's debt to equity ratio improved. World Acceptance also repurchased shares and reported a return on average assets and equity of 7.0% and 19.1%, respectively.

World Acceptance (NASDAQ:WRLD) will host an online webcast of its fourth-quarter conference call on May 2, providing investors with real-time access to the event. The webcast will start at 10:00 a.m. (Eastern Time) and will be available for replay for 30 days.

World Finance, the parent company of World Acceptance , has been recognized as one of the Most Trustworthy Companies in America 2024 by Newsweek and Statista Inc. The award, announced on March 27, 2024, is based on customer, investor, and employee trust, with companies over $500 million in revenue considered.

World Acceptance Corporation (NASDAQ: WRLD) reported financial results for its third quarter of fiscal 2024 and nine months ended December 31, 2023. The company focused on credit quality and a conservative approach to lending operations. Net income was $16.7 million with diluted net income per share of $2.84. Recency delinquency on accounts 90+ days past due improved from 4.9% to 3.7%. Total revenues were $137.7 million, including a 180 basis point yield increase. Gross loans outstanding were $1.40 billion, a 9.9% decrease from the prior year. Net income for the third quarter of fiscal 2024 increased to $16.7 million from $5.8 million in the same quarter of the prior year. Total revenues decreased by 6.0% to $137.7 million. Interest and insurance yields increased by 160-180 basis points. G&A expenses increased by 1.5% to $65.91 million. Net income for the nine months ended December 31, 2023, increased to $42.3 million compared to a loss of $3.4 million for the same period of the prior year.

World Acceptance Corporation (WRLD) will host an online, real-time webcast of its third-quarter conference call on January 19, with the earnings release preceding the call. The live broadcast will be available at WRLD 3Q24 Webcast, starting at 10:00 a.m. (Eastern Time), and the online replay will be accessible for 30 days.

World Acceptance Corporation reports financial results for Q2 FY 2024 and six months ended September 30, 2023.