EZCORP, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2017
January 01, 2018 at 03:50 am IST
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EZCORP, Inc. reported unaudited consolidated earnings results for the first quarter ended December 31, 2017. For the quarter, the company's total revenues were $204,508,000 compared to $192,624,000 for the same period of last year. Net revenues were $122,427,000 compared to $111,965,000 for the same period of last year. Operating income was $19,737,000 compared to $14,096,000 for the same period of last year. Income from continuing operations before income taxes was $19,792,000 compared to $13,048,000 for the same period of last year. Income from continuing operations, net of tax was $12,355,000 compared to $8,266,000 for the same period of last year. Net income attributable to the company was $12,748,000 compared to $7,165,000 for the same period of last year. Diluted earnings per share attributable to EZCORP, Inc. continuing operations was $0.23 against $0.15 a year ago. Net cash provided by operating activities was $17,368,000 compared to net cash used in operating activities of $5,290,000 a year ago. Additions to property and equipment was $7,917,000 compared with $2,326,000 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. 
