Firstcash Holdings Inc Stock Price, News & Analysis

FirstCash Holdings, Inc. (Nasdaq: FCFS) reported strong Q1 2023 results with consolidated revenues of $762.7 million, a 16% increase year-over-year. The company's net income surged by 69% to $47.4 million, and diluted EPS reached $1.02, reflecting a 76% increase. The U.S. and Latin America segments each reported a 15% growth in pawn fees. The retail POS payment solutions segment also saw significant growth, with revenues increasing by 24%. The board declared a cash dividend of $0.33 per share to be paid in May 2023. FirstCash continues to expand, adding 17 pawn locations and repurchasing $71 million in stock. With robust cash flows of $460 million and an improved debt-to-EBITDA ratio of 2.8x, FirstCash maintains a positive outlook for 2023, expecting continued revenue and earnings growth across all segments.

FirstCash Holdings, Inc. (Nasdaq: FCFS) reported record operating results for Q4 and the full year 2022, with revenue rising 61% to $2.7 billion. Net income increased 103% to $253 million, and diluted EPS grew by 76% to $5.36. The company declared a quarterly cash dividend of $0.33 per share, to be paid in February 2023. During Q4, FirstCash acquired 27 pawn locations in the U.S. and opened 17 in Latin America, bringing total store additions to 76 for the year. The strong performance in pawn operations and retail POS solutions, coupled with a robust balance sheet, positions FirstCash for continued growth in 2023.

FirstCash Holdings, Inc. (Nasdaq: FCFS) reported strong operating results for Q3 2022, with revenue reaching $672 million, a 68% increase year-over-year. Net income surged 78% to $59 million, driving diluted EPS up 54% to $1.26. The company's U.S. pawn operations saw a 35% income increase, while Latin America rose 14%. A quarterly cash dividend of $0.33 was declared, alongside a new $100 million share repurchase program. FirstCash anticipates continued growth in pawn operations and retail sales, with strong cash flows supporting both dividends and share buybacks.

FirstCash Holdings, Inc. (Nasdaq: FCFS) has amended its long-term, unsecured bank credit facility, increasing its commitment to $590 million and extending the maturity to August 2027. The amendment allows for an additional $200 million in potential borrowing and favorable changes in financial covenants, increasing consolidated leverage through 2024 and removing the domestic leverage ratio covenant. CEO Rick Wessel emphasized that this extension will support growth and shareholder payouts through dividends and share repurchases.

FirstCash Holdings reported strong Q2 2022 results, with revenues of $648 million, up 66% YoY. Adjusted EPS increased 52% to $1.08. The company attributed growth to a 20% rise in same-store pawn fees and a 10% increase in retail sales. U.S. pawn segment pre-tax income rose 36%, while Latin America grew 18%. A quarterly cash dividend was declared at $0.33, marking a 10% increase. The outlook for the second half of 2022 remains positive, driven by strong consumer demand and anticipated revenue growth from ongoing operations.

FirstCash Holdings, Inc. (Nasdaq: FCFS) reported strong Q1 2022 results with revenues of $660 million, a 62% increase year-over-year. Adjusted earnings per share rose 39% to $1.18. The company completed a $100 million share repurchase plan and authorized a new one for an equal amount. A quarterly dividend of $0.30 per share was declared. Notable growth in pawn receivables (+42%) signals future revenue potential. Cash flows improved significantly, allowing for debt reduction by $41 million. The positive outlook for 2022 anticipates further revenue and earnings growth.

FirstCash Holdings, Inc. (Nasdaq: FCFS) reported robust Q4 2021 results, with revenue of $501.8 million, up 28% year-over-year, and a net income of $29.4 million. The U.S. pawn segment saw a 43% income increase, while Latin America reported a 19% increase. The company declared a quarterly cash dividend of $0.30 per share. Significant growth in pawn receivables and inventories was noted, alongside the successful integration of American First Finance (AFF) following its acquisition. The outlook for 2022 indicates expected revenue and earnings growth, although uncertainties due to macroeconomic factors remain.

FirstCash Holdings, Inc. (Nasdaq: FCFS) has finalized its acquisition of American First Finance (AFF), marking its entry into the lease to own and point-of-sale payment sector. This strategic move aims to enhance revenue diversification and growth opportunities in both pawn and retail payment spaces. Additionally, FirstCash underwent a holding company reorganization, with shares of FirstCash, Inc. converting to FirstCash Holdings, Inc. Doug Rippel, former Chairman of AFF, joins the Board. The acquisition is positioned as a tax-free transaction for shareholders.