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) is a pawn-focused consumer finance company that regularly publishes updates on its operations in the United States and Latin America. News about EZCORP often highlights trends in pawn loans outstanding, merchandise sales, jewelry scrapping activity and store growth across its U.S. Pawn and Latin America Pawn segments. The company also issues announcements on acquisitions, de novo store openings and changes in its store footprint.
Investors and observers following EZCORP’s news can expect recurring coverage of quarterly and annual financial results, typically released through earnings press releases and accompanied by conference call details. These updates discuss revenue composition from pawn service charges, merchandise sales and jewelry scrapping sales, as well as commentary from management on demand for immediate cash solutions and pre-owned goods.
Company news also covers strategic initiatives such as acquisitions of traditional pawn and auto pawn stores in Mexico and the expansion of pawn platforms that operate under various brand names. In addition, EZCORP’s family of stores, including EZPAWN, announces customer-facing developments like the launch of the Instant Quote tool for electronics and the Online Shop that allows browsing of local pre-owned inventory before visiting a store.
On this news page, readers can review EZPW-related press releases, transaction announcements, financial updates and information on investor events where EZCORP participates. Regularly checking this feed helps track how the company’s pawn loan portfolio, store base and digital tools evolve over time, as reflected in its own public communications.
EZCORP reported a strong first quarter for the period ended December 31, 2021. Key highlights include a 19% increase in pawn loans outstanding, 24% growth in total revenue, and a remarkable 266% rise in net income, leading to diluted earnings per share of $0.21. Notably, merchandise sales gross profit margin is robust at 40%. The company continues to expand, including a recent investment in Caribbean pawn stores. Store expenses rose due to increased store count and labor costs, while cash and cash equivalents decreased 20% year-over-year, primarily due to rising inventory levels.
EZCORP (NASDAQ: EZPW) will release its Q1 2022 financial results on February 2 after market close. A conference call will take place on February 3 at 7:00 a.m. CT to discuss the results, with presentation slides available on the Investor Relations website. Participants can join the call via internet or by dialing (833) 579-0921 for domestic and (778) 560-2579 for international. A replay will be accessible online post-call. EZCORP continues its commitment to providing short-term cash needs through pawn transactions in the U.S. and Latin America.
EZCORP, Inc. (NASDAQ: EZPW) has announced the resignation of CEO Jason A. Kulas, who will assist with the transition while remaining on the Board of Directors. In his place, Lachlan P. Given and John Blair Powell Jr. have been appointed as co-Interim CEOs. Both have extensive experience with the company and in the pawn industry. Phillip E. Cohen, Executive Chairman, expressed gratitude for Kulas's leadership and highlighted the strengths of the interim executives.
EZCORP (NASDAQ: EZPW) reported a strong fiscal fourth quarter and full year ended September 30, 2021. Pawn Loans Outstanding (PLO) surged 34%, while total revenue increased by 15% and net revenue soared 33%. The gross profit margin for merchandise sales rose to 41% from 31%. Diluted earnings per share reached $0.03, a significant turnaround from a loss of $0.42 last year. Adjusted diluted EPS was $0.11, up from $0.08. The company aims to enhance customer experience and operational efficiency moving forward, with a robust acquisition pipeline and a renewed emphasis on culture and service.
EZCORP plans to release its fourth quarter and full year fiscal 2021 financial results on November 17, 2021, following market closure. A conference call will occur on November 18, 2021, at 7:00 a.m. CT, for discussing the results. Investors can access the presentation slides on the Investor Relations site after the market closes. The call can be accessed live via internet or through dial-in options. A replay will be available on their website.
EZCORP announced its Q3 2021 results, reporting total revenues of $174.0 million, down 17% year-over-year. The net loss narrowed to $2.6 million from $5.5 million the previous year. Pawn loans outstanding (PLO) increased by 39% year-over-year to $157.2 million, reflecting strong demand. The adjusted EBITDA more than doubled to $12.0 million, showcasing efficiency improvements. The company acquired 128 Cash Apoyo Efectivo stores, enhancing its market presence. CEO Jason Kulas expressed optimism about ongoing financial improvement and cost-saving measures.
EZCORP, Inc. (NASDAQ: EZPW) will release its third quarter fiscal 2021 financial results on August 4, 2021, after market close. A conference call to discuss these results is scheduled for August 5, 2021, at 7:00 a.m. Central Time. Investors can access the webcast through the company's Investor Relations website, with presentation slides available post-announcement. Founded in 1989, EZCORP specializes in pawn transactions in the U.S. and Latin America, focusing on meeting the cash needs of consumers.
EZCORP, Inc. (NASDAQ: EZPW) has announced the acquisition of 128 pawn stores in Mexico, expanding its footprint significantly. The deal, valued at $33.8 million, includes cash, shares, and debt repayment. This makes it EZCORP's largest acquisition by store count, bringing the total to 1,154 stores, with 503 located in Mexico. The company expects this move to enhance earnings in fiscal 2022 despite potential initial challenges from COVID impacts and integration costs. CEO Jason Kulas highlighted the strategic importance of this acquisition in consolidating their market position.
EZCORP, Inc. (NASDAQ: EZPW) reported its second-quarter results for fiscal 2021, showing a diluted EPS of $0.10 and an adjusted EPS of $0.17, both steady year-over-year. Total revenues decreased by 17% to $184.9 million, driven by a decline in pawn service charges and merchandise sales. However, merchandise gross profit rose 12% due to improved inventory management. Operating expenses fell 35%, contributing to a significant increase in cash reserves, which stood at $335.6 million, a 73% year-over-year rise. The company is leveraging its balance sheet for growth, including acquisitions and new store openings.
EZCORP, a leader in pawn loans across the U.S. and Latin America, has appointed Timothy Jugmans as Chief Financial Officer, effective immediately. Jugmans previously served as Interim CFO since September 2020 and has extensive financial experience. CEO Jason Kulas emphasized the importance of strong financial management and cost control as priorities for the company, aiming to benefit shareholders and team members. Established in 1989, EZCORP also sells collateral and pre-owned items, and is listed on NASDAQ under the symbol EZPW.
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