WRLD News & Events

In a regulatory filing, World Acceptance Corporation disclosed that the board of directors of the company approved a share repurchase program authorizing the company to repurchase up to $50.0M of its outstanding common stock inclusive of any amount that remains available for repurchase under prior repurchase authorizations. "The timing and actual number of shares repurchased will depend on a variety of factors, including the stock price, corporate and regulatory requirements, available funds, alternative uses of capital, restrictions under the Revolving Credit Agreement, and other market and economic conditions. The company's stock repurchase program may be suspended or discontinued at any time," the filing noted.

Reports Q3 revenue $141.25M vs. $138.63M last year. The company said, "Following the pandemic, the Company made the strategic decision to tighten underwriting standards dramatically in an effort to manage conservatively through the uncertainty and improve the credit quality of our portfolio. One consequence of this decision was that our outstanding balances decreased each year from fiscal 2023 to fiscal 2025. During fiscal 2025, we made the decision to resume a strategy of targeted growth in the portfolio."

World Acceptance announced the planned retirement of D. Clinton Dyer, the company's executive VP and chief branch operations officer, following a 30-year career with the organization. Dyer's retirement will take effect on March 31, 2026, and the company is in the process of finalizing its transition planning. Between now and March 31, 2026, operational responsibilities will transfer to J. Tobin Turner, the company's senior VP of strategy and analytics.

Reports Q2 revenue $134.47M vs. $131.41M last year. The company said, "During its second fiscal quarter, World Acceptance Corporation grew outstanding loans by $51.2 million from June 30, 2025, compared to $21.1 million in the second quarter of the prior year, which resulted in 1.5% year over year growth in outstanding loans. This represents the first year over year growth since September 2022. While the Company experienced a net loss per diluted share of $0.38 for the quarter due to expenses related to the early redemption of bonds and the return to portfolio growth, we believe that these and other investments have positioned us well for improving results in fiscal 2027 and beyond."