Cash America International, Inc. Declares Cash Dividend, Payable on May 27, 2015; Announces Unaudited Consolidated Earnings Results for the Three Months Ended March 31, 2015; Provides Unaudited Earnings Guidance for the Second Quarter and Full Year Ending December 31, 2015
Apr 30 15
Cash America International, Inc. announced that the Board of Directors, at its regularly scheduled quarterly meeting, declared a $0.05 per share cash dividend on common shares outstanding. The dividend will be paid at the close of business on May 27, 2015 to shareholders of record on May 13, 2015. This dividend per share is consistent with the dividend amount per share paid in February 2015 and represents an increase of 43% from the dividend paid last year in May of $0.035.
The company announced unaudited consolidated earnings results for the three months ended March 31, 2015. For the quarter, total revenue was $271,762,000 against $284,635,000 a year ago. Income from operations was $16,234,000 against $13,911,000 a year ago. Net Income from continuing operations was $7,845,000 against $3,237,000 a year ago. Net income attributable to company was $7,845,000 against $45,737,000 a year ago. Diluted net income per share from continuing operations was $0.27 against $0.11 a year ago. Diluted net income per share attributable to the company was $0.27 against $1.55 a year ago. Adjusted net income and adjusted diluted net income per share from continuing operations were $8,699,000 and $0.30 against $4,375,000 and $0.15 a year ago. Adjusted earnings and adjusted earnings per share from continuing operations were $10,710,000 and $0.37 against $6,726,000 or $0.23 a year ago. Adjusted EBITDA from continuing operations was $109,859,000 against $116,862,000 a year ago.
The management expects that the second quarter 2015 earnings per share for continuing operations will be between 1 cent and 5 cents per share compared to a loss of 8 cents per share from continuing operations in the second quarter 2014, which excludes 33 cents per share mostly related to the early extinguishment of debt incurred in that period.
For the year ending December 31, 2015, management leaves its previously reported expectations for its fiscal year 2015 adjusted EBITDA range of between $110 to $125 million, which management estimates will generate between $0.80 to $1.10 in net income per share from continuing operations. This compares to a reported net loss from continuing operations of 36 cents per share that included unusual items during the year ended 2014 that totaled 87 cents per share related primarily to the early extinguishment of debt, a loss on divestitures and the corporate reorganization costs. Income from operations is expected to be between $50,000,000 and $62,000,000 and depreciation and amortization is expected to be between $60,000,000 and $63,000,000.
Cash America International Seeks Acquisitions
Apr 30 15
Cash America International, Inc. (NYSE:CSH) is seeking acquisitions. Brent Stuart, Cash America's Executive Vice President and Chief Operations Officer, said "We will also continue to be diligent in our pursuit of strategic acquisition opportunities. You should expect to see unit growth in 2016 and beyond with a balanced approach focusing on both startups and acquisitions."
Cash America International, Inc., Annual General Meeting, May 21, 2015
Apr 9 15
Cash America International, Inc., Annual General Meeting, May 21, 2015., at 09:00 Central Daylight. Location: 1600 West 7 Street. Agenda: To elect as directors the seven nominees named in the accompanying proxy statement to serve until their respective successors have been elected and qualified; to vote to approve, on a non-binding advisory basis, the named executive officer compensation; and to transact any other business properly brought before the meeting or any adjournment or postponement of the meeting.
Cash America International, Inc. Appoints T. Brent Stuart as President and Chief Operating Officer, Effective May 1, 2015
Apr 6 15
Cash America International, Inc. announced that on April 6, 2015, the company announced that T. Brent Stuart, the company's current Executive Vice President and Chief Operating Officer, will assume the role of President and Chief Operating Officer effective as of May 1, 2015. In his role as President and Chief Operating Officer, Mr. Stuart will continue to oversee the company's operations and will assume the additional responsibilities of overseeing the company's marketing, human resources and information technology functions. Mr. Stuart has served in his current role as the Executive Vice President - Chief Operating Officer of the Company since January 28, 2015.
Cash America International, Inc. announced delayed annual 10-K filing
Mar 2 15
On 03/02/2015, Cash America International, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.