EZCORP, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023
August 02, 2023 at 04:19 pm EDT
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EZCORP, Inc. reported earnings results for the third quarter and nine months ended June 30, 2023. For the third quarter, the company reported revenue was USD 255.81 million compared to USD 215.84 million a year ago. Net income was USD 18.22 million compared to USD 12.22 million a year ago. Basic earnings per share from continuing operations was USD 0.33 compared to USD 0.22 a year ago. Diluted earnings per share from continuing operations was USD 0.24 compared to USD 0.17 a year ago.
For the nine months, revenue was USD 778.56 million compared to USD 652.82 million a year ago. Net income was USD 28.21 million compared to USD 42.82 million a year ago. Basic earnings per share from continuing operations was USD 0.51 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.38 compared to USD 0.59 a year ago.
EZCORP, Inc. is a provider of pawn transactions in the United States and Latin America. The Company also sells merchandise, primarily collateral forfeited from pawn lending operations and pre-owned and recycled merchandise purchased from customers. It operates through three segments: U.S. Pawn, Latin America Pawn, and Other Investments. The U.S. Pawn segment includes its EZPAWN, Value Pawn & Jewelry and other branded pawn operations in the United States. The Latin America Pawn segment includes its Empeno Facil, Cash Apoyo Efectivo (CAE) and other branded pawn operations in Mexico, as well as its GuatePrenda and MaxiEfectivo pawn operations in Guatemala, El Salvador, and Honduras (GPMX). At its pawn stores, it advances cash against the value of collateralized tangible personal property and sells merchandise to customers looking for good value. The merchandise it sells primarily consists of second-hand collateral forfeited from its pawn activities or merchandise purchased from customers.
EZCORP, INC. 
