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Jun 30, 2020
Pra Group Q2 2020 Earnings Report
PRA Group reported record results driven by strong cash collections and efficient operations.
Key Takeaways
PRA Group reported a significant increase in net income attributable to PRA Group, Inc. to $57.9 million, compared to $18.6 million in the second quarter of 2019. Diluted earnings per share also saw a substantial rise, reaching $1.26 compared to $0.41 in the same period last year. The company achieved record global cash collections and total revenues, alongside a notable increase in income from operations.
Record global cash collections of $509.9 million, an 8% increase year-over-year (11% on a currency adjusted basis).
Record total revenues of $271.9 million, an 8% increase year-over-year.
Record income from operations of $111.3 million, a 76% increase year-over-year.
Net income increased 211% year-over-year.
Revenue by Segment
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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