secwatch.observer — SEC 8-K summary
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Issuer:     ENCORE CAPITAL GROUP INC (ECPG)
CIK:        0001084961
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001084961-23-000011
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Encore Capital reports Q4 net loss of $73M; full-year EPS $7.46, down 34% YoY
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- GAAP net loss of $73.1M in Q4 2022 vs net income of $76.1M in Q4 2021; EPS -$3.11.
- Full-year 2022 GAAP net income $194.6M, EPS $7.46, down 45% and 34% YoY respectively.
- Portfolio purchases up 20% to $800.5M; U.S. purchases up 36% to $556M.
- ERC down 3% to $7.56B; effective tax rate 37.4% for full year, Q4 negative due to one-time items.
- Q1 2023 U.S. portfolio purchases expected at least $200M, more than double Q1 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084961/000108496123000011/0001084961-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084961/000108496123000011/ecpg-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001084961-23-000011

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