secwatch.observer — SEC 8-K summary
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Issuer:     ENCORE CAPITAL GROUP INC (ECPG)
CIK:        0001084961
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001084961-24-000006
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Encore Capital reports FY2023 net loss of $206.5M, driven by $238.2M goodwill impairment
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- Full-year 2023 GAAP net loss $206.5M ($8.72 loss per share) vs net income $194.6M ($7.46 EPS) in 2022.
- Revenue $1,222.7M, down 13% YoY; collections $1,862.6M, down 3%.
- Portfolio purchases increased 34% to $1.074B, with a record $815M in the U.S.
- Goodwill impairment of $238.2M ($10.06/share) drove net loss; no liquidity impact.
- Management expects portfolio purchases and collections to grow in 2024; Q1 committed purchases $230M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1084961/000108496124000006/0001084961-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1084961/000108496124000006/ecpg-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001084961-24-000006

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