This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

DFC Global Corp. Announces Record Fiscal Year Results

Stocks in this article: DLLR

DFC Global Corp. (NASDAQ:DLLR), a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, today announced its results for the fiscal year ended June 30, 2012.

Fiscal Year 2012 Financial Highlights

  • Total consolidated revenue grew to a record $1.1 billion for the fiscal year, an increase of $273.3 million, or 34.7%, compared to the twelve months ended June 30, 2011. On a constant currency basis, total consolidated revenue increased by $280.4 million, or 35.6%.
  • Total consumer lending revenue increased to $645.9 million for the fiscal year, representing an increase of $216.7 million, or 50.5%, compared to the prior year period. Revenue from internet-based loans grew to $259.5 million for the fiscal year compared to $86.8 million for the twelve months ended June 30, 2011.
  • Total revenue from pawn lending increased to $80.9 million for the twelve months ended June 30, 2012 compared to $48.0 million for the prior year period. Pawn lending represented 7.6% of total consolidated revenue for the twelve months ended June 30, 2012.
  • Consolidated adjusted EBITDA was a record $303.7 million for the twelve months ended June 30, 2012, representing an increase of $73.5 million, or 31.9%, compared to the prior fiscal year, while also increasing by $75.3 million, or 32.7%, on a constant currency basis during the same period.
  • Diluted operating earnings per share was a record $2.16 for fiscal year 2012 compared to $1.59 for the prior fiscal year period, representing an increase of 35.8%, and exceeding the Company’s guidance of between $2.08 and $2.11 per share.
  • The Company expanded its global store network to 1,399 stores with the opening of 114 de novo stores in fiscal year 2012.

Discussion on Currency Exchange Rates

The U.S. Dollar strengthened slightly in relation to the Canadian Dollar and British Pound Sterling during the fiscal year ended June 30, 2012, as compared to the prior fiscal year. Furthermore, during the fourth quarter of fiscal 2012 compared to the fourth quarter of the previous fiscal year, the average value of the Canadian Dollar decreased approximately 4%, and the average value of the British Pound Sterling decreased by about 3%, relative to the U.S. currency. Consequently, fluctuations in currency rates had an unfavorable effect on a net basis on year-over-year U.S. Dollar comparisons of the Company’s consolidated financial results. As a result, the Company is providing some country comparisons on a constant currency basis.

1 of 10

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs