---
schema_version: "secwatch.filing_event.v1"
accession: "0001084961-24-000045"
form_type: "8-K"
ticker: "ECPG"
cik: "0001084961"
company_name: "ENCORE CAPITAL GROUP INC"
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:36:47.307308+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001084961-24-000045
- form_type: 8-K
- ticker: ECPG
- cik: 0001084961
- company_name: ENCORE CAPITAL GROUP INC
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000045/0001084961-24-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000045/ecpg-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001084961-24-000045
- JSON: https://secwatch.observer/filing/0001084961-24-000045.json
- Plain text: https://secwatch.observer/filing/0001084961-24-000045.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1084961/000108496124000045/0001084961-24-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.