World Acceptance Q1 FY2024 net income $9.5M, EPS $1.62; revenue down 11.8% YoY

WORLD ACCEPTANCE CORP

2024-Q1 EPS reported $1.62 revenue$139,323,791

Net income of $9.5M vs net loss $8.6M in Q1 FY2023; diluted EPS $1.62 vs ($1.49).
Total revenues $139.3M, down 11.8% from $157.9M; interest/fee income down 10.4%.
Gross loans $1.40B, down 14.9% YoY but up 0.6% sequentially from March 2023.
Provision for credit losses $46.6M vs $85.8M; net charge-offs $42.8M vs $64.4M, annualized NCO rate 16.9% vs 22.3%.
Recency delinquency 90+ days improved to 3.5% from 4.1% YoY; 61+ days improved to 5.6% from 6.9%.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WORLD ACCEPTANCE CORP reported first quarter of fiscal 2024 results: revenue $139.3 million, net income $9.5 million, EPS $1.62 per share.

Period: first quarter of fiscal 2024
Revenue: $139.3 million
Net income: $9.5 million
EPS: $1.62 per share
Result: reported results

Exact text from the filing

Net income for the first quarter of fiscal 2024 increased to $9.5 million from a net loss of $8.6 million for the same quarter of the prior year. Net income per diluted share increased to $1.62 per share in the first quarter of fiscal 2024 from a net loss of $1.49 per share for the same quarter of the prior year. Total revenues for the first quarter of fiscal 2024 decreased to $139.3 million, an 11.8% decrease from $157.9 million for the same quarter of the prior year.

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Source: SEC EDGAR

accession 0001157523-23-001121

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