Encore Capital Q3 GAAP EPS $1.26, up 59% YoY; raises 2024 purchase guidance >$1.25B

ENCORE CAPITAL GROUP INC

2024-Q3 EPS reported $3.54 revenue$1,050,742,000

GAAP EPS $1.26 (up 59% YoY); net income $30.6M, revenue $367.1M (+19% YoY).
Global portfolio purchases $282.5M (+23%); U.S. MCM purchases $230M (+28%).
Collections $550.3M (+18%); FY 2024 guidance raised: purchases >$1.25B, collections ~$2.125B.
Exited secured NPL market in Spain; pre-tax loss of $8M ($0.27 per share).
U.S. market favorable (highest charge-off rate in 10+ yrs); disciplined approach in Europe.

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