First Cash Financial Services (FCFS) Tops Q1 EPS by 3c; Boosts FY16 Outlook
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First Cash Reports First Quarter Adjusted Earnings of $0.48 per Share; Increases Earnings Guidance for 2016; and Declares Quarterly Dividend of $0.125
April 28, 2016 6:18 AM EDTSeparately Announces Merger with Cash America International
Conference Call Scheduled for 8:00 a.m. ET Today
ARLINGTON, Texas--(BUSINESS WIRE)-- First Cash Financial Services, Inc. (NASDAQ: FCFS), a leading international operator of retail pawn stores in the U.S. and Latin America, today announced revenue, net income and earnings per share for the three month period ended March 31, 2016.
Mr. Rick Wessel, chief executive officer, stated, Our first quarter earnings results exceeded our expectations driven by accelerating growth in pawn revenues and receivables coupled with the... 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
