Highest-materiality recent filing
Encore Capital issues $750M of 6.625% senior secured notes due 2032
Issued $750M aggregate principal of 6.625% senior secured notes maturing June 1, 2032.
Priced €325M senior secured floating rate notes due 2033 at 3-month EURIBOR + 3.250%, upsized from €300M.
Encore Capital prices $750M senior secured notes at 6.625%, upsized from $550M
Offered $750M aggregate principal of 6.625% senior secured notes due June 1, 2032, upsized from $550M.
Encore Capital Q1 EPS $3.86, record collections $718M; raises FY26 guidance
EPS of $3.86 (up 100% YoY from $1.93); revenue $475M (+21%).
Full-year 2025 net income $256.8M ($10.91 EPS) swung from net loss of $139.2M ($(5.83) EPS) in 2024
EPS $3.17 (+152% YoY); record collections $663M; raises FY2025 guidance to ~$2.55B
EPS $3.17 (up 152% from $1.26); net income $74.7M (up 144% YoY).
Encore Capital prices $500M 6.625% senior secured notes due 2031, upsized from $400M
Principal amount upsized to $500M from $400M; notes priced at 100% of par.
Encore Capital Group Q2 2025 EPS $2.49 (+86% YoY); raises FY collections guidance to ~$2.5B
EPS $2.49 vs $1.34 YoY (+86%); net income $58.7M (+82%).
Encore Capital Q1 EPS $1.93 (+103% YoY); record US collections and purchases
EPS $1.93 vs $0.95 YoY; net income $46.8M, up 101%.
Encore Capital reports $139M net loss for 2024; record portfolio purchases $1.35B, up 26%
GAAP net loss $139M ($5.83/sh) for 2024; Q4 net loss $225M ($9.42/sh) on $101M Cabot goodwill impairment and ERC adjustments.
Encore Capital Q3 GAAP EPS $1.26, up 59% YoY; raises 2024 purchase guidance >$1.25B
GAAP EPS $1.26 (up 59% YoY); net income $30.6M, revenue $367.1M (+19% YoY).
Encore Capital upsizes revolver by $92M to $1.295B, extends maturity, lowers rate
Facility increased from $1,203M to $1,295M; termination date extended to September 2028.
Encore Capital Q2 GAAP EPS $1.34 (+24% YoY); raises FY guidance; CFO to retire
GAAP EPS $1.34, revenue $355M (+10% YoY), collections $547M (+15% YoY).
Encore Capital issues $500M 8.500% senior secured notes due 2030
$500M aggregate principal, 8.500% interest, semi-annual payments, maturing May 15, 2030.
Encore Capital prices $500M 8.500% senior secured notes due 2030, upsized from $400M
Offering upsized from $400M to $500M; notes priced at par with 8.500% coupon, due May 15, 2030.
Encore Capital Q1 GAAP EPS $0.95; portfolio purchases $296M, record $237M in U.S.
GAAP net income $23.2M ($0.95 EPS) vs $18.6M ($0.75 EPS) in Q1 2023, up 27% YoY.
Encore Capital issues $500M of 9.25% senior secured notes due 2029
Issued $500M aggregate principal of 9.25% senior secured notes due April 1, 2029.
Encore Capital upsizes senior secured notes to $500M at 9.250% due 2029
$500M 9.250% senior secured notes due 2029 priced; upsized from $400M.
Encore Capital reports FY2023 net loss of $206.5M, driven by $238.2M goodwill impairment
Full-year 2023 GAAP net loss $206.5M ($8.72 loss per share) vs net income $194.6M ($7.46 EPS) in 2022.
Encore Capital Q3 GAAP EPS $0.79 (-35% YoY); US portfolio purchases $179M at 2.4x multiple
Global collections $465M (+2% YoY); GAAP net income $19.3M vs $31.5M, down 39%.
Encore Capital Q2 GAAP EPS $1.08, revenue down 9% YoY; portfolio purchases up 59% to $274M
GAAP net income $26.3M ($1.08 per share) vs $60.4M ($2.29) a year ago, down 56%.
Encore Capital Q1 net income down 89% to $18.6M; portfolio purchases up 63% to $276M
GAAP EPS $0.75 vs $6.40 YoY; net income $18.6M down from $175.7M; revenue $312.6M (-37%).
Encore Capital notifies Cabot CEO Craig Buick of termination effective March 2024
Craig Buick, CEO of Encore's Cabot unit, notified his employment ends March 28, 2024 under 12-month notice.
Encore Capital reports Q4 net loss of $73M; full-year EPS $7.46, down 34% YoY
GAAP net loss of $73.1M in Q4 2022 vs net income of $76.1M in Q4 2021; EPS -$3.11.
Mr. Clark will serve as a senior advisor to the Company providing services as requested by the Company for up to 30 hours each month for a 24-month period beginning on April 1, 2025.
the board of directors (the “Board”) of Encore Capital Group, Inc. (the “Company”) appointed Tomas Hernanz to succeed Jonathan Clark as Executive Vice President, Chief Financial Officer and Treasurer of the Company, effective April 1, 2025.
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.
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.
the Company notified Mr. Craig Buick, Chief Executive Officer of the Company’s Cabot business unit, that his employment would terminate on March 28, 2024
On December 2, 2022, Mr. Reck informed the Company that he would resign from his position at the Company effective December 30, 2022.
Effective immediately following Mr. Reck’s resignation, Jonathan Clark, the Company’s Chief Financial Officer, will assume the role of principal accounting officer.
On October 4, 2022, Peter Reck, the principal accounting officer of Encore Capital Group, Inc. (the “Company”), informed the Company that he will resign from his positions at the Company effective April 1, 2023.
Effective immediately following Mr. Reck’s resignation, Jonathan Clark, the Company’s Chief Financial Officer, will assume the role of principal accounting officer.
the Board of Directors (the “Board”) of Encore Capital Group, Inc. (the “Company”), upon recommendation from the Board’s Nominating and Corporate Governance Committee, increased the size of the Board from 8 directors to 9 directors and appointed William C. Goings as a director of the Company effective September 1, 2022.
On June 23, 2022, Mr. Gregory Call, Executive Vice President, General Counsel and Chief Administrative Officer of Encore Capital Group, Inc. (the “Company”) notified the Company of his intent to retire effective August 15, 2022.
On April 6, 2022, Mr. Richard Srednicki notified Encore Capital Group, Inc. (the “Company”) that he will not stand for re-election as a director at the Company’s 2022 Annual Meeting of Stockholders (the “Annual Meeting”).
Max materiality 0.85 · Median 0.55 · Most common event earnings