FirstCash Increases Lower End Of Earnings Guidance Range - Quick Facts

(RTTNews) - FirstCash, Inc. (FCFS) said its second quarter results saw strong revenue, earnings and margin growth from core pawn operations, highlighted by 13% growth in diluted earnings per share and 17% growth on an adjusted, non-GAAP basis. The company has increased the lower end of the previous earnings guidance range by $0.05 per share.

For 2019, adjusted diluted earnings per share are now expected to be in the range of $3.85 to $4.00. The tightened full-year 2019 guidance range represents an increase of 9% to 13% over the prior-year adjusted earnings per share.

For the second-quarter, adjusted earnings per share was $0.82 compared to $0.70. Second-quarter revenue was $446.01 million compared to $419.97 million, previous year.

The Board of Directors declared a $0.25 per share third quarter cash dividend on common shares outstanding, which will be paid on August 30, 2019 to stockholders of record as of August 15, 2019.