Welcome to our dedicated page for Ezcorp news (Ticker: EZPW), a resource for investors and traders seeking the latest updates and insights on Ezcorp stock.
EZCORP Inc (NASDAQ: EZPW) operates a unique dual model in consumer finance and retail, providing pawn loan services across 1,250+ locations in the United States and Latin America. This news hub offers investors and financial professionals centralized access to verified corporate developments and market-moving information.
Key updates include earnings reports, store expansion announcements, regulatory filings, and leadership changes. Our curated news stream covers operational milestones like collateral loan performance metrics and pre-owned merchandise sales trends without speculative commentary.
Regularly updated content enables users to track pawn industry developments and consumer credit market dynamics impacting EZPW. All material undergoes strict verification to ensure compliance with financial reporting standards. Bookmark this page for efficient monitoring of EZCORP's strategic initiatives in secured lending and secondary retail markets.
EZCORP, traded on NASDAQ under the symbol EZPW, has announced its Annual Meeting of Stockholders scheduled for March 2, 2023, at 9:00 a.m. Central time. The meeting will include a discussion on business operations followed by a Q&A session and will be accessible via a conference call and a live webcast. EZCORP has also filed its Annual Report on Form 10-K for fiscal 2022 with the Securities and Exchange Commission, available on its website. The company, a leader in pawn transactions in the U.S. and Latin America, focuses on catering to cash-constrained consumers.
EZCORP reported robust first-quarter results for fiscal 2023, with pawn loans outstanding increasing 19% to $209.9 million. Total revenue rose by 20% to $264.3 million, while gross profit climbed 15% to $152.5 million. Net income reached $16.8 million, up from $15.7 million year-over-year. Diluted earnings per share (EPS) increased to $0.25, with an adjusted EPS of $0.28. The company continues to expand, adding 10 stores in the U.S. and Latin America. CEO Lachie Given emphasized a focus on customer service and operational excellence to drive growth despite macroeconomic challenges.
EZCORP, Inc. will report its first quarter fiscal 2023 financial results for the period ended December 31, 2022, on February 1, 2023, after market close. The company will host a conference call and webcast on February 2, 2023, at 9:00 a.m. ET to discuss the outcomes. Investors can access presentation slides on their Investor Relations website following the earnings release. EZCORP, a leading provider of pawn transactions in the U.S. and Latin America, focuses on catering to cash-constrained consumers while providing a superior customer experience.
EZCORP, a leading provider of pawn transactions in the U.S. and Latin America, has announced the pricing of a private offering of $200 million in convertible senior notes due 2029, upsized from a previous $175 million. The notes have a 3.75% interest rate, convertible into cash or Class A common stock at an initial conversion price of approximately $11.23 per share. The company estimates net proceeds of $193.7 million to be used primarily for repurchasing existing convertible notes and shares. The sale closes on December 12, 2022.
EZCORP, a leader in pawn transactions in the U.S. and Latin America, announced plans to offer $175 million in convertible senior notes due 2029. An additional $25 million may be purchased by initial purchasers. Proceeds will be used to repurchase existing convertible notes and shares of Class A common stock. These notes will be convertible into cash or stock and mature on December 15, 2029. The offering is aimed at qualified institutional buyers under Rule 144A. The company emphasizes that the offering is not an offer to sell securities in any jurisdiction where it would be unlawful.
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