{"id":515475,"date":"2021-07-21T06:03:14","date_gmt":"2021-07-21T10:03:14","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/firstcash-reports-second-quarter-results-64-stores-added-ytd-including-26-store-u-s-acquisition-declares-0-30-quarterly-cash-dividend\/"},"modified":"2021-07-21T06:03:14","modified_gmt":"2021-07-21T10:03:14","slug":"firstcash-reports-second-quarter-results-64-stores-added-ytd-including-26-store-u-s-acquisition-declares-0-30-quarterly-cash-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/firstcash-reports-second-quarter-results-64-stores-added-ytd-including-26-store-u-s-acquisition-declares-0-30-quarterly-cash-dividend\/","title":{"rendered":"FirstCash Reports Second Quarter Results;\u00a064 Stores Added YTD, Including 26-Store U.S. Acquisition;\u00a0Declares $0.30 Quarterly Cash Dividend"},"content":{"rendered":"
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FORT WORTH, Texas, July 21, 2021 (GLOBE NEWSWIRE) — FirstCash, Inc. (the \u201cCompany\u201d) (Nasdaq: FCFS), the leading international operator of over 2,800 retail pawn stores in the U.S. and Latin America, today announced operating results for the three and six month periods ended June\u00a030, 2021, and an update on the impact of COVID-19 on its business. In addition, the Board of Directors declared a $0.30 per share quarterly cash dividend to be paid in August 2021.<\/p>\n

Mr. Rick Wessel, chief executive officer, stated, \u201cFirstCash posted strong second quarter earnings results driven by an accelerating recovery in pawn receivables and the continued strength of retail operations. At this point, Latin American pawn receivable balances have substantially recovered from the impacts of COVID-19 while U.S. pawn loan originations are rapidly approaching normalized levels as we begin the second half of the year.<\/p>\n

\u201cSecond quarter highlights also include the acquisition of a 26-store chain of high-performing pawn stores in Texas and 12 de novo store openings during the quarter. FirstCash\u2019s store count has now surpassed 2,800 total locations and we believe there are additional growth opportunities ahead. In addition to funding store growth, our strong cash flows and balance sheet returned cash to shareholders through a quarterly cash dividend of $0.30 per share and $38 million in share repurchases during the first half of 2021.\u201d<\/p>\n

\n This release contains adjusted earnings measures, which exclude certain extraordinary and\/or non-cash expenses, which are non-GAAP financial measures. Please refer to the descriptions and reconciliations to GAAP of these and other non-GAAP financial measures at the end of this release.<\/em>\n <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended June 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAs Reported (GAAP)<\/td>\n\u00a0<\/td>\nAdjusted (Non-GAAP)<\/td>\n<\/tr>\n
In thousands, except per share amounts<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
Revenue<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 389,578<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n412,746<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 389,578<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n412,746<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 28,427<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,873<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 29,038<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n25,872<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.70<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 0.71<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.62<\/td>\n\u00a0<\/td>\n<\/tr>\n
EBITDA (non-GAAP measure)<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 56,786<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n53,962<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 57,524<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n53,930<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted-average diluted shares<\/td>\n\u00a0<\/td>\n\n 40,802<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,531<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 40,802<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,531<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Six Months Ended June 30,<\/strong>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nAs Reported (GAAP)<\/td>\n\u00a0<\/td>\nAdjusted (Non-GAAP)<\/td>\n<\/tr>\n
In thousands, except per share amounts<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n2020<\/td>\n\u00a0<\/td>\n\n 2021<\/strong>\n <\/td>\n\u00a0<\/td>\n2020<\/td>\n<\/tr>\n
Revenue<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 797,517<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n879,236<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 797,517<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n879,236<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 62,142<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n58,791<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 63,966<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n66,167<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1.52<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.41<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 1.56<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.59<\/td>\n\u00a0<\/td>\n<\/tr>\n
EBITDA (non-GAAP measure)<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 120,741<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n118,586<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/strong>\n <\/td>\n\n 123,125<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n128,536<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted-average diluted shares<\/td>\n\u00a0<\/td>\n\n 40,929<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,769<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 40,929<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41,769<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

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\n Consolidated Earnings Highlights<\/u>
\n <\/strong>\n <\/p>\n