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FirstCash press launch (NASDAQ:FCFS): Q2 Non-GAAP EPS of $1.37 beats by $0.05. Income of $831.01M (+10.7% Y/Y) beats by $6.24M. Adjusted EBITDA elevated 13% within the second quarter in comparison with the prior-year quarter. Working money flows for the twelve-month interval ended June 30, 2024, have been $439 million and adjusted free money flows (a non-GAAP measure) have been $220 million. Based mostly on trailing twelve-month outcomes, the Firm’s internet debt to adjusted EBITDA ratio was 2.89x at June 30, 2024. Outlook: The corporate’s outlook for 2024 continues to be extremely constructive, with anticipated year-over-year progress in consolidated income and earnings pushed by the continued progress in incomes asset balances coupled with current retailer additions. Web curiosity expense is anticipated to extend for full yr 2024 in comparison with 2023, with a lot of the enhance anticipated within the first half of 2024 due primarily to greater year-over-year rates of interest for the comparative intervals. For the complete yr of 2024, the efficient earnings tax fee underneath present tax codes within the U.S. and Latin America is anticipated to vary from 25% to 26%.
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