secwatch.observer — SEC 8-K summary
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Issuer:     WORLD ACCEPTANCE CORP (WRLD)
CIK:        0000108385
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0001157523-24-000082
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/108385/000115752324000082/0001157523-24-000082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/108385/000115752324000082/a53884887.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000082

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