Welcome to our dedicated page for World Accep Corporation news (Ticker: WRLD), a resource for investors and traders seeking the latest updates and insights on World Accep Corporation stock.
World Acceptance Corp (symbol: WRLD) is headquartered at 113 E 4th St, Ocilla, Georgia, United States. The company operates a comprehensive small-loan consumer finance business, specializing in providing financial solutions tailored to individuals' needs. Their core offerings include short-term small installment loans, medium-term larger installment loans, as well as related credit insurance and ancillary products and services.
World Acceptance Corp also extends its expertise to offer income tax return preparation services to both its loan customers and other clients. The company's mission is to provide accessible financial services that address the immediate and long-term needs of their clientele.
Recent achievements at World Acceptance Corp include a focus on enhancing their product portfolio and expanding their service offerings. Current projects involve developing new customer-friendly financial products and improving the digital experience for users.
Financially, the company maintains a robust position with steady growth in revenue reflecting their strategic initiatives and customer-centric approach. Through effective partnerships and continuous innovation, World Acceptance Corp strives to meet the evolving financial needs of individuals across diverse demographics.
World Acceptance Corporation (WRLD) reported third quarter fiscal 2023 results, showing a net income of $5.8 million, or $0.98 per share, a decrease from $7.3 million, or $1.14 per share, in the prior year. Total revenues declined 1.4% to $146.5 million, impacted by a 1.5% drop in interest and fee income. However, cash flow from operations surged 21.5% to $203.3 million over nine months. Notably, gross loans outstanding fell 3.2% to $1.55 billion, attributed to tightened underwriting and reduced marketing. The company aims to adjust underwriting practices as performance indicators for new borrowers improve.
World Acceptance Corporation (NASDAQ:WRLD) will host a third quarter earnings conference call on January 26 at 10:00 a.m. Eastern Time. Investors can access the live webcast here. A replay will be available for 30 days following the call. World Acceptance Corporation, founded in 1962 and based in Greenville, S.C., specializes in small loans and financial services for individuals with limited access to credit.
World Acceptance Corporation (NASDAQ: WRLD) reported its Q2 FY2023 results, showing total revenues of $151.2 million, a 9.7% increase year-over-year, driven by a 10.5% rise in interest and fee income. However, the company experienced a net loss of $1.4 million compared to $12.4 million income in the same quarter last year. The gross loans outstanding increased 14.6% year-over-year to $1.60 billion, yet new customer borrowing declined significantly. Cash flow from operating activities rose 27.7% to $136.7 million in the past six months.
World Acceptance Corporation (NASDAQ: WRLD) will host its second quarter conference call on October 27 at 10:00 a.m. (Eastern Time). The event will include a live webcast and rebroadcast, with the earnings release issued prior to the call. Founded in 1962 and headquartered in Greenville, S.C., World Acceptance is a major player in the small-loan consumer finance sector, offering various financial products to individuals with limited access to credit. For further details, access the WRLD 2Q23 Webcast.
World Acceptance Corporation (NASDAQ: WRLD) reported its fiscal 2023 Q1 results, highlighting significant growth in loan balances and customer base despite tighter underwriting standards. Notable figures include a gross loan balance of $1.64 billion, up 34.2% year-over-year, and total revenues of $157.6 million, a 21.5% increase. However, the company reported a net loss of $8.8 million, translating to a loss of $1.53 per diluted share, impacted by increased provisions for credit losses. Adjusted net income was $6.6 million, or $1.15 per diluted share. Cash flow from operations rose 18.8% to $58.2 million.
World Acceptance Corporation (NASDAQ:WRLD) announced a live online webcast for its first quarter conference call on July 27 at 10:00 a.m. Eastern Time. An earnings release will precede the call, with a replay available for 30 days afterward. Founded in 1962, the company is one of North America's largest small-loan consumer finance firms, providing short and medium-term installment loans along with related financial products. For more details, visit www.loansbyworld.com.
FAQ
What is the current stock price of World Accep Corporation (WRLD)?
What is the market cap of World Accep Corporation (WRLD)?
What does World Acceptance Corp specialize in?
Where is World Acceptance Corp located?
What additional services does World Acceptance Corp offer?
How does World Acceptance Corp support its customers' financial needs?
What recent achievements has World Acceptance Corp made?
What ongoing projects is World Acceptance Corp involved in?
How does World Acceptance Corp ensure its financial stability?
Who are the primary customers of World Acceptance Corp?
What is the mission of World Acceptance Corp?
How does World Acceptance Corp's service portfolio benefit customers?
