EZCORP, Inc. - SEC Filing

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): JULY 20, 2004 EZCORP, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) DELAWARE (STATE OR OTHER JURISDICTION OF INCORPORATION) 0-19424 74-2540145 (COMMISSION FILE NUMBER) (IRS EMPLOYER IDENTIFICATION NO.) 1901 CAPITAL PARKWAY AUSTIN, TEXAS 78746 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICE, INCLUDING ZIP CODE) (512) 314-3400 (REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE)

ITEM 7. EXHIBITS. 99 Press release dated July 20, 2004, issued by EZCORP, Inc. ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION This information set forth under "Item 12. Results Of Operations And Financial Condition," including the Exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities and Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, regardless of any general incorporation language in such filing. On July 20, 2004, EZCORP, Inc. issued a press release announcing its results of operations and financial condition for the three-month and nine-month periods ended June 30, 2004. A copy of the press release is attached hereto as Exhibit 99.

SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EZCORP, INC. (Registrant) Date: July 21, 2004 By: /s/ Daniel N. Tonissen ------------------------------------ (Signature) Senior Vice President, Chief Financial Officer, and Director

EXHIBIT INDEX 99 Press release dated July 20, 2004, issued by EZCORP, Inc.

EXHIBIT 99 EZCORP ANNOUNCES THIRD QUARTER RESULTS AUSTIN, TEXAS (JULY 20, 2004) -- EZCORP, Inc. (Nasdaq/NM: EZPW) announced today results for its third fiscal 2004 quarter and the nine month period, which ended June 30, 2004. For the quarter ended June 30, 2004, net income increased to $253,000 ($0.02 per share) compared to $53,000 for the prior year period. Total revenues for the third fiscal 2004 quarter increased 9% to $51,141,000 compared $46,903,000 for the third fiscal 2003 quarter. For the nine months ended June 30, 2004, net income improved to $6,250,000 ($0.48 per share) compared to income before the cumulative effect of a change in accounting principle of $3,836,000 ($0.31 per share) for the same nine month period a year ago. Effective October 1, 2002, the Company adopted Statement of Financial Accounting Standards No. 142, which deals with the accounting treatment of goodwill and other intangible assets. After a charge of $8,037,000 ($0.65 per share) for the cumulative effect of adopting this new accounting principle, the Company reported a net loss for the nine month period ended June 30, 2003 of $4,201,000 ($0.34 cents per share). Commenting on these results, Joseph L. Rotunda, President and Chief Executive Officer, said, "We remain pleased with our progress. Not only have we substantially improved earnings, but we have also significantly expanded our store base. In the first three quarters of this fiscal year, we have added eighty-one EZMoney Payday Loan stores, for a total of eighty-five, and improved earnings 63% even with the earnings drag of these new stores." Mr. Rotunda concluded, "Most gratifying is that all three business segments - pawn, sales, and payday loans - showed year-on-year improvements. We are on target to have an excellent year. We estimate fiscal 2004 earnings to be between sixty-five and sixty-eight cents per share compared to a comparable forty-three cents per share for fiscal 2003. During our fourth fiscal quarter, we plan on adding thirty-five to forty additional EZMONEY Payday Loan locations. EZCORP meets the short-term cash needs of the cash and credit constrained consumer by offering convenient, non-recourse loans collateralized by tangible personal property, commonly known as pawn loans, and short-term non-collateralized loans, often referred to as payday loans. The Company also sells merchandise, primarily collateral forfeited from its pawn lending operations, to consumers looking for good value. As of June 30, 2004, the Company operated 280 EZPAWN and 85 EZMONEY Payday Loan stores, 69 of which adjoin an EZPAWN location.

This announcement contains certain forward-looking statements regarding the Company's expected performance for future periods including, but not limited to, new store expansion and expected future earnings. Actual results for these periods may materially differ from these statements. Such forward-looking statements involve risks and uncertainties such as changing market conditions in the overall economy and the industry, consumer demand for the Company's services and merchandise, changes in regulatory environment, and other factors periodically discussed in the Company's annual, quarterly and other reports filed with the Securities and Exchange Commission. You are invited to listen to a conference call discussing these results on July 20, 2004 at 3:30pm Central Time. The conference call can be accessed over the Internet (or replay it at your convenience) at the following address. http://www.firstcallevents.com/service/ajwz407992886gf12.html For additional information, contact Dan Tonissen at (512) 314-2289.

EZCORP, INC. HIGHLIGHTS OF CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per share data and store counts) - -------------------------------------------------------------------------------

EZCORP, INC. HIGHLIGHTS OF CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands, except per share data and store counts) - ------------------------------------------------------------------------------