Encore Capital Q3 GAAP net income $31M, EPS $1.22; collections down 19% YoY

ENCORE CAPITAL GROUP INC

2022-Q3 EPS reported $10.06 revenue$1,164,351,000

GAAP net income $31.5M ($1.22 EPS) vs $83.6M ($2.66 EPS) in Q3 2021; revenue $307.8M (-25%).
Global collections $458.3M (-19% YoY); European results affected by weakening British pound and Euro.
Portfolio purchases $232.7M (+38% YoY), with US MCM purchases up 73% vs Q3 2021.
Estimated Remaining Collections $7.31B (-7% from $7.88B); leverage ratio 2.1x vs 1.8x YoY.
CEO cites entering growth phase in US portfolio supply cycle; ample liquidity to capitalize.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ENCORE CAPITAL GROUP INC reported the third quarter ended September 30, 2022 results: revenue $307,752, net income $31,494, EPS $1.22.

Period: the third quarter ended September 30, 2022
Revenue: $307,752
Net income: $31,494
EPS: $1.22
Result: reported results

Exact text from the filing

Quarter of 2022: Three Months Ended September 30, (in thousands, except percentages and earnings per share) 2022 2021 Change Collections $ 458,256 $ 566,690 (19)% Revenues $ 307,752 $ 412,624 (25)% Portfolio purchases (1) $ 232,652 $ 168,188 38% Estimated Remaining Collections (ERC) $ 7,312,336 $ 7,879,353 (7)% Operating expenses $ 227,235 $ 245,977 (8)% GAAP

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39 earnings releases filed in the last 30 days. Browse all earnings releases →

ENCORE CAPITAL GROUP INC filing history →

Source: SEC EDGAR

accession 0001084961-22-000121

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