EZCORP (EZPW) Reports Q4 EPS of $0.21, Miss on Revenues
EZCORP (NASDAQ: EZPW) reported Q4 EPS of $0.21, versus $0.11 reported last year. Revenue for the quarter came in at $108.1 million versus the consensus estimate of $188.93 million.
FOURTH QUARTER HIGHLIGHTS
- Seventh consecutive quarter of year-over-year (YOY) earnings and profit growth. Earnings per share improved $0.52 to $0.21 in the fourth quarter and grew $0.77 to $0.62 in the full fiscal year.
- Net income from continuing operations improved $27.6 million to $10.1 million in the fourth quarter, and grew $41.0 million to $32.0 million in the full fiscal year. Adjusted EBITDA1 improved $19.1 million to $22.1 million in the fourth quarter, and grew 39%, or $24.6 million, to $88.5 million in the full fiscal year.
- Continue to lead the U.S. market in same store pawn loans outstanding (PLO) YOY growth. PLO increased 19% in Mexico (11% on a constant currency basis2).
- Operating contribution from the Mexico Pawn segment improved significantly — up 153% to $5.8 million. Highest growth segment now 20% of company’s total pawn profit contribution.
- Cash balance at September 30 up 150% to $164.4 million.
- Successfully completed $143.8 million offering of convertible notes, improving liquidity with an attractive coupon rate of 2.875% and seven-year term.
- Favorable restructuring of the notes receivable repayment arrangement with AlphaCredit improved the return and risk profile and increases future cash flow and profit.
For earnings history and earnings-related data on EZCORP (EZPW) click here.
