FirstCash Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 01, 2024 at 06:00 am EST
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FirstCash Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 190.06 million compared to USD 166.43 million a year ago. Revenue was USD 852.13 million compared to USD 749.34 million a year ago. Net income was USD 69.59 million compared to USD 80.07 million a year ago. Diluted earnings per share from continuing operations was USD 1.53 compared to USD 1.72 a year ago.
For the full year, sales was USD 752.68 million compared to USD 622.16 million a year ago. Revenue was USD 3,151.8 million compared to USD 2,728.94 million a year ago. Net income was USD 219.3 million compared to USD 253.5 million a year ago. Diluted earnings per share from continuing operations was USD 4.8 compared to USD 5.36 a year ago.
FirstCash Holdings, Inc. is an operator of pawn stores in the United States and Latin America. It is a provider of technology-driven, retail point-of-sale (POS) payment solutions focused on serving cash and credit-constrained consumers in the U.S. and Puerto Rico. It operates two business lines: pawn operations and retail POS payment solutions, which are organized into three reportable segments. The U.S. pawn segment consists of pawn operations in 29 U.S. states and the District of Columbia, while the Latin America pawn segment consists of pawn operations in Mexico, Guatemala, Colombia and El Salvador. The retail POS payment solutions segment consists of the operations of American First Finance, LLC (AFF) in all 50 states in the U.S., the District of Columbia and Puerto Rico. Its pawn stores buy and sell a variety of jewelry, electronics, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property.