Cash America (CSH) Tops Q1 EPS by 5c
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Cash America Announces Increase in First Quarter Earnings and Declares Dividend
April 28, 2016 6:02 AM EDTFORT WORTH, Texas--(BUSINESS WIRE)-- Cash America International, Inc. (NYSE: CSH), a leading provider of pawn lending and related services in the United States, announced today that net income and net income per share for the first quarter of 2016 increased 36% and 56%, respectively, to $10,633,000 (42 cents per share) compared to net income of $7,845,000 (27 cents per share) for the first quarter of 2015. The prior year first quarter included reorganization expenses and a gain on disposition of equity securities, which in aggregate would increase prior year earnings when added back, to create adjusted net income, a non-GAAP measure, of... More
First Cash Financial Services and Cash America International to Combine in Merger of Equals to Create Leading Operator of Retail Pawn Stores in the United States and Latin America
April 28, 2016 6:00 AM EDTCombined Company to Have Experienced Management Team and a Strong Platform for Growth and Value Creation
Financial Strength to Enhance Ability to Expand in Growing Latin American Market and to Support Capital Returns to Shareholders
Combined Company Expected to Pay Annual Cash Dividend of $0.76 Per Share
Transaction Expected to Be Significantly Accretive to Free Cash Flow and Earnings Per Share
Increased Scale Expected to Result in $50 Million in Annual Run-Rate Synergies
First Cash and Cash America... More
