World Acceptance (NASDAQ:WRLD) reported fourth-quarter financial results on Thursday. The transcript from the company’s fourth-quarter earnings call has been provided below.
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View the webcast at https://event.choruscall.com/mediaframe/webcast.html?webcastid=GzwQl9KE
Summary
World Acceptance reported an earnings per share of $7.70 for the fourth quarter of fiscal 2026, with a notable after-tax impact from a senior executive retirement.
Total revenue increased by 7.4%, driven by higher loans outstanding and yields, and a strong tax preparation season with a 13% increase in returns prepared.
Loan growth was 4.4%, coupled with reduced delinquency rates, which is expected to lead to higher revenues and lower charge-offs in future quarters.
The company reduced field personnel by 5% to address service gaps, aiming to lower personnel expenses in upcoming quarters.
Strategic initiatives include relying less on new customers to improve credit metrics and repurchasing $37.8 million in shares, totaling a 16.5% reduction in outstanding shares for the fiscal year.
Management is monitoring the impact of high gas prices on loan demand and credit, but has not observed significant effects yet.
The company plans to maintain mid-single-digit loan growth and has no leverage limitations, balancing this with share repurchases.
Full Transcript
OPERATOR
Good morning and welcome to World Acceptance Corporation’s fourth quarter 2026 earnings conference call. This call is being recorded at this time. All participants have been placed in a listen only mode. Before we begin, the Corporation has requested that I make the following announcement. The comments made during this conference call may contain forward looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 that represent the Corporation’s expectations and beliefs concerning future events. Such forward looking statements are about matters that are inherently subject to risks and uncertainties. Statements other than those of historical fact as well as those identified by the words anticipate, estimate, intend, plan, expect, believe, may, will and should or any variation of the foregoing and similar expressions are forward looking statements. Additional information regarding forward looking statements and any factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward looking statements are included in the paragraph discussing forward looking statements in today’s earnings press release and in the Risk Factors section of the Corporation’s most recent Form 10-K for the fiscal year ended March 31, 2025 and subsequent reports filed with or furnished to the SEC from time to time. The Corporation does not undertake any obligation …
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