Quarterly ResultAug 6, 2026, 04:35 PM
World Acceptance Q1 Net Income $6.11M, EPS $1.36
AI Summary
World Acceptance Corporation reported a significant increase in net income and earnings per share for the first quarter of fiscal 2027. Net income rose to $6.11 million, up from $1.58 million in the prior year period, with diluted EPS increasing to $1.33. Total revenues also saw an uptick, reaching $139.2 million. The company also noted a revision of prior period financial statements due to an accounting error in revenue recognition for Refund Assurance Plan fees, which was deemed immaterial.
Key Highlights
- Net income for Q1 2027 increased to $6.11 million from $1.58 million in Q1 2026.
- Diluted earnings per share rose to $1.33 in Q1 2027 from $0.30 in Q1 2026.
- Total revenues for the quarter grew to $139.2 million, up from $132.8 million year-over-year.
- Gross loans receivable stood at $1.29 billion as of June 30, 2026.
- The company repurchased 15,858 shares of common stock for $2.17 million during the quarter.
- Remaining share repurchase capacity under the current program was $10.0 million as of June 30, 2026.
- Cash and restricted cash at quarter-end totaled $28.0 million.
- Prior period financial statements were revised due to an immaterial error in Refund Assurance Plan revenue recognition.
Price Impact
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