World Acceptance Q3 net income $16.7M, EPS $2.84, revenue $137.7M (-6% YoY)

WORLD ACCEPTANCE CORP

2024-Q3 EPS reported $7.17 revenue$413,948,499

Net income $16.7M vs $5.8M YoY; diluted EPS $2.84 vs $0.99; revenue $137.7M (-6% YoY).
Gross loans outstanding $1.40B (-9.9% YoY) but +1.5% sequentially; customer base down 2.4%.
Net charge-offs $48.4M (19.1% annualized) vs $71.0M (25.1%) YoY; 90+ day delinquency improved to 3.7% from 4.9%.
G&A expenses $65.91M (+1.5% YoY); advertising up 181% to $2.4M for customer acquisition.
Repurchased 148,765 shares for $17.2M; debt/equity ratio 1.4:1 vs 2.0:1 YoY.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

WORLD ACCEPTANCE CORP reported third quarter of fiscal 2024 results: revenue Total revenues of $137.7 million, net income Net income of $16.7 million, EPS Diluted net income per share of $2.84.

Period: third quarter of fiscal 2024
Revenue: Total revenues of $137.7 million
Net income: Net income of $16.7 million
EPS: Diluted net income per share of $2.84
Result: reported results

Exact text from the filing

Diluted net income per share of $2.84 Recency delinquency on accounts 90+ days past due improved from 4.9% at December 31, 2022, to 3.7% at December 31, 2023 Total revenues of $137.7 million, including a 180 basis point yield increase compared to the same quarter in the prior year Portfolio results Gross loans outstanding were $1.40 billion as of December 31, 2023, a

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Source: SEC EDGAR

accession 0001157523-24-000082

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