Q1 2025 World Acceptance Corp Earnings Call Transcript
Key Points
- World Acceptance Corp (WRLD) experienced moderate growth in its customer base by around 50 basis points in the first quarter of 2025.
- The company significantly improved its gross yields, delinquency rates, and G&A expenses.
- Loss reserves have declined year over year, indicating an improvement in the underlying portfolio.
- The number of former customers increased by 6.3% year over year, contributing to higher yields and lower delinquency rates.
- G&A expenses were reduced by 9.9% compared to the first quarter of the previous year, showcasing prudent management.
- The average loan balance has decreased by almost 7% year over year, which could impact overall revenue.
- New customer loan volume was down about 8% in dollars within the quarter year over year.
- The number of new customers declined by 3.5% year over year, indicating challenges in customer acquisition.
- Refinance loan volume in dollars decreased by 5% within the quarter year over year.
- The company is still facing high charge-off rates, with a 16.4% rate for the quarter, which is far from the target low-double-digit loss rate.
Good morning, and welcome to World Acceptance Corporation's first-quarter 2025 earnings conference call. This call is being recorded. and 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 certain 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
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
