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Jun 30, 2021
Encore Q2 2021 Earnings Report
Strong performance was driven by record collections for both MCM and Cabot, portfolio purchases totaled $143M, and the last of the legacy Cabot bonds were refinanced.
Key Takeaways
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.
Strong performance driven by record collections for both MCM and Cabot
Portfolio purchases were $143M at a purchase price multiple of 2.4x
Refinanced the last of the legacy Cabot bonds with £250M of new senior secured notes at a significantly lower coupon, saving 325 bps
Repurchased ECPG shares totaling $27M in Q2 and $47M in the first half of 2021
Revenue by Geographic Location
Historical Earnings Impact
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Avg. Return Before/After Earnings
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