World Acceptance (NASDAQ: WRLD) reported Q4 EPS of $3.70, $0.24 worse than the analyst estimate of $3.94. Revenue for the quarter came in at $151.9 million versus the consensus estimate of $147.32 million.

Net income for the fourth quarter decreased to $29.1 million, an 8.5% decrease from the $31.9 million reported for the same quarter of the prior year. Net income per diluted share decreased 12.7% to $3.18 in the fourth quarter of fiscal 2018 compared to $3.64 in the prior year quarter. The decreases in net income and net income per diluted share were primarily due to the recognition of the deemed repatriation transition tax (the “Transition Tax”), as described below. Excluding the impact of the Transition Tax, net income for the fourth quarter increased 6.7% to $34.0 million compared to $31.9 million for the same quarter of the prior year. Excluding the Transition Tax, net income per diluted share increased 1.7% to $3.70 in the fourth quarter of fiscal 2018 compared to $3.64 in the prior year quarter. See “Non-GAAP financial measures” below.

Total revenues for the fourth quarter increased to $151.9 million, a 5.0% increase from the $144.6 million reported for the same quarter of the prior year. In the US, revenues from the 1,127 offices open throughout both quarterly periods increased by 5.0%. Interest and fee income increased 4.2%, from $119.5 million in the fourth quarter of fiscal 2017 to $124.4 million in the fourth quarter of fiscal 2018, primarily due to an increase in average earning loans. Insurance and other income increased by 9.3% to $27.4 million in the fourth quarter of fiscal 2018 compared to $25.1 million in the fourth quarter of fiscal 2017. The increase was related to a $580,000 increase in insurance revenue and a $1.7 million increase in other income compared to the fourth quarter of fiscal 2017, primarily due to an increase in tax preparation revenue.

For earnings history and earnings-related data on World Acceptance (WRLD) click here.