FirstCash

FirstCash increased its unsecured revolving credit facility from $700 million to $1.055 billion and extended the maturity from August 2029 to August 2031. The agreement permits a higher allowable net leverage of up to 3.5 times consolidated EBITDA, reduces the commitment fee and allows direct loans in British pounds up to the equivalent of $500 million. The additional capacity, including two new banks in the syndicate, is intended to support growth and expansion plans and to facilitate financing of the planned acquisition of Ramsdens and other acquisitions. » Mere på de.investing.com

The stock of FirstCash rose to a new all-time high of $236.36; year-to-date the return is 42% and over one year 57%. InvestingPro currently rates the stock as overvalued relative to its fair-value estimate, while FirstCash reports revenue growth of 22% in the last twelve months. The company announced the planned acquisition of Ramsdens for around $273 million (600 pence per share plus up to 9 pence interim dividend) and, after shareholder approval, moved its registered office from Delaware to Texas. » Mere på de.investing.com

FirstCash reports Q2 record results: revenue rose 29% to $1.07 billion, diluted EPS climbed to $2.12 and adjusted EPS was $2.50 (expectation $2.39). Adjusted net income grew 38% to $110.1 million and adjusted EBITDA rose 39% to $201.4 million. Management raised its outlook for the pawn segment, expects further growth in 2026 (including a mid‑teens increase in US pawn fees and a 10–15% rise in used merchandise sales) and is considering an acquisition of Ramsdens; the board approved a quarterly dividend of $0.42 and a new $150 million share buyback program. » Mere på deraktionaer.de