Encore Capital Q1 GAAP EPS $0.95; portfolio purchases $296M, record $237M in U.S.

ENCORE CAPITAL GROUP INC

2024-Q1 EPS reported $0.95 revenue$328,386,000

GAAP net income $23.2M ($0.95 EPS) vs $18.6M ($0.75 EPS) in Q1 2023, up 27% YoY.
Global collections of $511M, up 10% YoY; revenue of $328M, up 5% YoY.
Portfolio purchases of $296M, including record $237M in U.S.; Europe constrained at $59M.
CEO cites highly favorable U.S. purchasing conditions and expects 2024 to be a turning point.
Reaffirms 2024 guidance: portfolio purchases to exceed 2023 total and collections to grow ~8% to over $2B.

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 0.9

ENCORE CAPITAL GROUP INC reported the quarter ended March 31, 2024 results: revenue $ 328,386, net income $ 23,239, EPS $ 0.95. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $ 328,386
Net income: $ 23,239
EPS: $ 0.95
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2024 2023 Change Portfolio purchases (1) $ 295,714 $ 276,431 7% Estimated Remaining Collections (ERC) $ 8,307,294 $ 7,789,980 7% Collections $ 510,887 $ 462,356 10% Revenues $ 328,386 $ 312,630 5% Operating expenses $ 244,795 $ 242,492 1% GAAP net income $ 23,239 $ 18,626 25% GAAP earnings per share $ 0.95 $ 0.75 27% ______________________ (1) Includes U.S.

View on SEC.gov

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

ENCORE CAPITAL GROUP INC filing history →

Source: SEC EDGAR

accession 0001084961-24-000045

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.