**World Acceptance Corporation Issues Press Release for Q3 2024 Financial Results****

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World Acceptance Corporation (“WRLD”), a South Carolina-based company operating in the financial sector, reported its financial performance for the third quarter ended December 31, 2024. In a press release issued on January 28, 2025, the company highlighted key financial information.

The company’s net sales for the quarter ended December 31, 2024, increased by 5% compared to the same period in 2023. The growth was primarily driven by higher sales on the F-35 program and sustainment contracts. However, the operating profit for the same period decreased by 43% due to lower profit booking rate adjustments and losses recognized on a classified contract.

In the financial year 2024, World Acceptance Corporation’s net sales increased by 4% compared to 2023. The growth was mainly attributed to higher sales on the F-35 program and the F-16 program. However, the operating profit for the year decreased by 11% due to lower profit booking rate adjustments and losses on a classified program.

In line with the financial results, the company’s business segment operating profit and free cash flow were impacted by losses on classified programs, favorable profit rate adjustments, and a pension contribution. The company’s adjusted financial measures accounted for these impacts to provide investors with a clearer understanding of the underlying business performance.

Despite facing challenges related to complex programs and cost growth, World Acceptance Corporation remains committed to driving innovation and delivering strong results. The company’s strategic investments in research, development, and digital technologies are poised to position it for continued performance in 2025.

For further information on World Acceptance Corporation’s financial outlook and operational performance, refer to the detailed financial statements and disclosures available on the company’s website. Investors and stakeholders can access the full report to gain insights into the company’s financial health and strategic direction.

World Acceptance Corporation’s financial results reflect its resilience in navigating a competitive landscape while emphasizing its commitment to technological advancements and operational excellence. The company’s focus on delivering value to shareholders

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read World Acceptance’s 8K filing here.

About World Acceptance

World Acceptance Corporation engages in consumer finance business in the United States. The company provides short-term small installment loans, medium-term larger installment loans, related credit insurance, and ancillary products and services to individuals. It offers income tax return preparation and filing services; and automobile club memberships.