EZCORP Inc (EZPW) News & EventsEZPWEZCORP Inc

EZCORP Reports Q3 Revenue of $418.7M

Reports Q3 revenue $418.7M, consensus $426.95M. Lachie Given, Chief Executive Officer, stated, "This was another outstanding quarter for EZCORP, one of the strongest in our history. PLO reached a new high of $387.2 million, adjusted EBITDA increased 48%, and diluted EPS rose 41%. The gains were well balanced in all of our geographies across lending, merchandise sales and margin, gold scrap and profitability. Importantly, excluding scrap, gross profit increased 32%, underscoring the depth, durability and trajectory of our business."

Strong Earnings in Tech Push S&P 500 to Record Highs

Strong earnings out of the Tech sector and receding Middle East tension remained the overarching theme in Wednesday's trading, with Basic Materials, Industrials, and Technology sectors helping the S&P 500 to fresh record highs, while Energy was a significant laggard.  Oil prices falling sharply below $90 reduced the geopolitical premium as Exxon Mobiland Chevronboth fell about 4%.  Treasuries were also bid as yields on 10-year slipped 6bps to 4.36% and 30-year slipped 4bps to 4.94%, with fixed income remaining the direct beneficiary of U.S.-Iran de-escalation via reduced inflation expectations.In the opening hours of the evening session, S&P e-minis and Nasdaq 100 contracts are down about 0.2% each and WTI Crude is back above $95 per barrel.  Afterhours earnings session saw a mixed bag of reports from Consumer Cyclical space - DoorDashwas up double-digits on surprisingly strong results as Total Orders increased 27% y/y in Q1 while Whirlpoolwas down sharply.  In Internet Services, Zillowwas sharply lower despite beating on top and bottom line as Q2 revenue guide was softer than expected while Snapslipped 8%.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -Noodles & Companyup 21.1%Fortinetup 16.7%Kulicke and Soffa Industriesup 15.7%Cognexup 14.3%Array Technologiesup 12.6%DoorDashup 12.0%EZCORPup 10.7%Envista Holdingsup 9.0%PTC Inc.up 8.2%Ormat Technologiesup 8.0%AppLovinup 0.8%DOWN AFTER EARNINGS -Fastlydown 24.7%Whirlpooldown 16.2%Tutor Perinidown 11.6%Core Scientificdown 8.4%Amprius Technologiesdown 8.1%Snapdown 7.9%Coherentdown 7.8%Armdown 7.3%IonQdown 6.5%Zillowdown 4.4%

EZCORP Reports Q2 Revenue of $446.9M

Reports Q2 revenue $446.9M, consensus $396.9M. CEO Lachie Given stated, "The second quarter was another exceptional period for EZCORP, delivering record revenue, record PLO, and a 76% increase in adjusted EBITDA. This growth was driven by disciplined execution across all segments, sustained customer demand for immediate cash solutions and high-quality, affordable secondhand goods, together with favorable gold prices and the contribution from SMG. We expanded our footprint by 123 stores during the quarter, including the SMG and El Bufalo acquisitions completed in early January, and ended the period with 1,506 stores across 16 countries. We are focused on driving operational improvements across SMG while capitalizing on the advantages of our scaled global platform and the significant runway ahead in existing and new pawn markets. In April, we acquired 32 stores in Guatemala strengthening our market leading position there. Backed by a highly liquid balance sheet, we remain disciplined in capital allocation and active in pursuing attractive organic and inorganic growth opportunities. I thank our team members across every geography for their dedication to exceptional customer service. Guided by our core values of People, Pawn and Passion, we continue our focus on strengthening our core and scaling our operations, while delivering sustainable, long-term value for our shareholders."