Encore Capital Q2 GAAP EPS $1.34 (+24% YoY); raises FY guidance; CFO to retire

ENCORE CAPITAL GROUP INC

2024-Q2 EPS reported $2.28 revenue$683,671,000

GAAP EPS $1.34, revenue $355M (+10% YoY), collections $547M (+15% YoY).
Record US portfolio purchases $237M; global purchases $279M in Q2 2024.
FY 2024 guidance raised: global purchases >$1,150M, collections ~$2,075M (+11% YoY).
CFO Jonathan Clark to retire Mar 31, 2025; Tomas Hernanz (Cabot CFO) to succeed.
CEO cites favorable US market conditions; YoY collections growth driven by strong purchasing.

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Jonathan Clark

Executive Vice President, Chief Financial Officer and Treasurer

ECPG · ENCORE CAPITAL GROUP INC

Effective: 2025-03-31
Successor: Tomas Hernanz
Filed: August 7, 2024, 7:59 PM ET

On August 7, 2024, Jonathan Clark, Executive Vice President, Chief Financial Officer and Treasurer, notified Encore of his decision to retire from Encore, effective March 31, 2025.

Appointed

Tomas Hernanz

Executive Vice President, Chief Financial Officer and Treasurer

ECPG · ENCORE CAPITAL GROUP INC

Effective: 2025-03-31
Filed: August 7, 2024, 7:59 PM ET

The Company intends to appoint Mr. Tomas Hernanz as the Executive Vice President, Chief Financial Officer and Treasurer of Encore upon Mr. Clark’s retirement.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Jonathan Clark departed as Executive Vice President, Chief Financial Officer and Treasurer at ENCORE CAPITAL GROUP INC.

Action: retire
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

On August 7, 2024, Jonathan Clark, Executive Vice President, Chief Financial Officer and Treasurer, notified Encore of his decision to retire from Encore, effective March 31, 2025.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Tomas Hernanz was appointed as Executive Vice President, Chief Financial Officer and Treasurer at ENCORE CAPITAL GROUP INC.

Action: appointed
Role: Executive Vice President, Chief Financial Officer and Treasurer

Exact text from the filing

The Company intends to appoint Mr. Tomas Hernanz as the Executive Vice President, Chief Financial Officer and Treasurer of Encore upon Mr. Clark’s retirement.

View on SEC.gov

ENCORE CAPITAL GROUP INC filing history →

Source: SEC EDGAR

accession 0001084961-24-000082

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