Filing Flows › Ezcorp (EZPW) › Q4 FY24
Ezcorp (EZPW) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 13, 2024
Ezcorp (EZPW) reported revenue of $295M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +5% from the quarter before. Operating margin was 8.8%, net earnings $15.2M (5.2% of revenue).
Ezcorp, Q4 FY24: revenue $295M (+9% year over year), operating margin 8.8%, net earnings $15.2M, operating cash flow $43.3M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $295M | +5% | +9% |
| Gross profit | $175M | +5% | +10% |
| Operating profit | $26.0M | +17% | +57% |
| Net earnings | $15.2M | -15% | +48% |
| Operating cash flow | $43.3M | +29% | +57% |
| Free cash flow | $24.4M | -20% | +65% |
What changed
Revenue was $294.6M in Q4 FY24, up 9% year over year and up 5% from the previous quarter. Merchandise sales was the largest line at 55% of revenue.
Gross margin was 59.5%, up 0.6 points from a year earlier. Operating profit was $26.0M, a 8.8% margin (up 2.7 points year over year). Of the extra revenue versus a year earlier, 39% reached operating profit, above the 6% margin then. Operating expenses grew 5% against revenue growth of 9%. The fastest-growing cost line was General & admin (+11%). Net earnings were $15.2M, up 48% year over year. The effective tax rate was 42.1%.
Operating cash flow was $43.3M (up 57% year over year), 285% of net earnings. Non-cash charges added back $8.1M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $17.6M. Capital expenditures of $18.9M left free cash flow of $24.4M.
Questions
What was Ezcorp's revenue in the fourth quarter fiscal 2024?
Ezcorp (EZPW) reported revenue of $295M for the fourth quarter fiscal 2024 (Q4 FY24), +9% from a year earlier and +5% from the quarter before.
Was Ezcorp profitable in the fourth quarter fiscal 2024?
Operating profit was $26.0M (8.8% of revenue) and net earnings $15.2M.
Source: Ezcorp 10-K on SEC EDGAR.