Encore Earnings Reports

Encore Capital Group reported Q4 2024 results with increased global portfolio purchases and collections, but a net loss of $225.31 million primarily due to actions taken to resolve Cabot issues, including a $101 million goodwill charge.

Encore Capital Group reported a strong third quarter, with global portfolio purchases up 23% to $282 million and global collections up 18% to $550 million. The company raised its 2024 guidance, anticipating global portfolio purchasing to exceed $1,250 million and year-over-year collections growth of approximately 15% to over $2,125 million.

Encore Capital Group reported a strong second quarter with increased portfolio purchases, particularly in the U.S., and a 15% increase in global collections compared to the previous year. The company is raising its 2024 guidance due to its strong position in the U.S. market.

Encore Capital Group reported a strong start to 2024, with first quarter performance aligning with expectations. Global collections increased by 10% compared to the previous year, driven by favorable purchasing conditions in the U.S. market.

Encore Capital Group reported a net loss for Q4 2023, primarily due to a goodwill impairment charge. However, the company saw growth in U.S. portfolio purchases and an increase in global portfolio purchases. They expect portfolio purchases and collections to grow in 2024.

Encore Capital Group reported strong Q3 2023 financial results, with global collections of $465 million and portfolio purchases of $231 million. The company saw growth in U.S. portfolio supply and improved pricing. GAAP EPS was reported at $0.79.

Encore Capital Group reported its Q2 2023 financial results, with global collections of $477 million and portfolio purchases of $274 million, up 59% year-over-year, including $213 million in the U.S. The company's GAAP EPS was $1.08.

Encore Capital Group reported first quarter results reflecting normalized consumer behavior and strategic cost management. Global collections reached $462 million, and portfolio purchases increased by 63% to $276 million, driven by a record $213 million in U.S. portfolio purchases.

Encore Capital Group reported strong financial and operational performance for 2022, with earnings per share second only to the previous year's extraordinary result. Increased lending by banks and rising delinquencies have led to a transition in the U.S. credit cycle, increasing opportunities to deploy capital at strong returns. In Q4, accounting items negatively impacted results, but the company still delivered strong full-year results.

Encore Capital Group's Q3 performance was impacted by lower collections due to reduced global portfolio purchasing in 2020 and 2021, normalization of U.S. consumer behavior and currency changes in Europe, but global portfolio purchases were up 38% compared to Q3 2021.

Encore Capital Group reported strong Q2 2022 earnings, driven by U.S. collections and increased future collection expectations. Global portfolio purchases increased by 21% compared to Q2 2021, with portfolio supply increasing, particularly in the U.S.

Encore Capital Group reported exceptional Q1 performance with increased revenues and net income, driven by stronger-than-expected collections in the U.S. Global portfolio purchases remained consistent, and the company continued to return capital to shareholders through share repurchases.

Encore Capital Group reported consolidated financial results for Q4 and full year ended December 31, 2021. The company achieved new highs for collections, earnings, and returns in 2021.

Encore Capital Group reported a strong Q3 2021, driven by strong collections, particularly in their MCM business. They saw a 5% increase in collections and a 2% increase in revenues compared to Q3 2020. The company also repurchased $41M of ECPG shares in Q3 and is accelerating capital return via a $300M tender offer for ECPG shares.

Encore Capital Group reported strong Q2 2021 results, driven by record collections in both MCM and Cabot. The company's portfolio purchases were $143M, and they refinanced the last of the legacy Cabot bonds. Collections were up 21% compared to Q2 last year, while revenues were flat.

Encore Capital Group reported a strong first quarter with increased revenues and net income. The company saw a significant rise in collections, driven by growth in both the U.S. and Europe. Portfolio purchases remained substantial, and the company continued to reduce its leverage ratio.

Encore Capital Group reported strong Q4 2020 results, with increased total collections and total revenues. The company continued to execute its strategy, delivering strong returns and achieving new highs for collections, revenues and earnings.

Encore Capital Group reported strong Q3 2020 financial results, with record global collections of $540 million and a 41% increase in GAAP net income to $55 million, or $1.72 per share. The company's estimated remaining collections (ERC) also reached a record $8.5 billion, up 15% year-over-year.

Encore Capital Group reported an outstanding second quarter with record global revenues of $426 million, up 23% year-over-year, and record GAAP net income of $130 million, or $4.13 per share.

Encore Capital Group reported a GAAP loss of $(0.33) per share and non-GAAP Economic loss of $(0.19) per share for Q1 2020. The results were significantly impacted by a $109 million non-cash charge due to COVID-19-related collections forecast revisions. However, the company achieved record global cash collections of $527 million.

Encore Capital Group reported consolidated financial results for Q4 2019. The company delivered solid GAAP earnings and adjusted earnings were up 8% compared to the same quarter a year ago. Portfolio purchases were $235 million, including $155 million in the U.S. and $80 million in Europe.