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Mar 31, 2022
Encore Q1 2022 Earnings Report
Delivered best-in-class returns and solid cash flows, driven by stronger-than-expected collections in the U.S.
Key Takeaways
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.
Exceptional Q1 performance driven by continued stronger-than-expected collections in the U.S.
Global portfolio purchases were $170M at a purchase price multiple of 2.3x
Lending growth continues as a leading indicator of future portfolio supply
$26M of ECPG share repurchases in Q1, with $415M returned to shareholders over the past 5 quarters
Forward Guidance
No forward guidance was provided in the earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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