Encore Capital Group, Inc. (ECPG) Q3 2024 Earnings Call Transcript Summary
Encore Capital Group, Inc. (ECPG) Q3 2024 Earnings Call Transcript Summary
The following is a summary of the Encore Capital Group, Inc. (ECPG) Q3 2024 Earnings Call Transcript:
以下是Encore Capital Group, Inc.(ECPG)2024年第三季度業績會實錄摘要:
Financial Performance:
財務表現:
Third quarter GAAP net income of $31 million and GAAP EPS of $1.26, up 58% and 59%, respectively, over the previous year.
Portfolio purchasing increased by 23% to $282 million, largely driven by the strong performance of the MCM business in the U.S.
Global collections rose by 18% year-over-year to $550 million, signaling strong ongoing cash generation.
第三季度GAAP淨利潤爲3100萬美元,GAAP每股收益爲1.26美元,分別較去年同期增長了58%和59%。
組合收購額增長了23%至28200萬美元,主要受到美國MCm業務表現強勁的推動。
全球催收額同比增長18%,達到55000萬美元,表明持續強勁的現金生成能力。
Business Progress:
業務進展:
Strong performance in U.S. market with MCM collections rising 22% over last year to $402 million due to increased portfolio purchasing and favorable market conditions.
Implemented strategic exits, such as exiting secured NPL market in Spain, focusing on higher return opportunities.
Adjustments made in the global funding structure, including expanded capacity and extended maturities in the U.S. facility, setting a solid grounding for future activities.
MCm在美國市場表現強勁,收款額較去年增長22%,達到40200萬美元,這主要歸因於組合收購增加和市場條件有利。
實施戰略退出,如退出西班牙的有擔保不良貸款市場,專注於高回報機會。
全球貨幣融資結構調整,包括在美國設施擴大容量和延長到期期限,爲未來業務奠定了堅實基礎。
Opportunities:
機會:
Encore Capital anticipates another record year in portfolio purchasing due to robust market conditions and supply availability, especially in the U.S.
Plans to leverage increasing collections to potentially resume stock repurchases as leverage approaches the target range midpoint.
Encore Capital 預計由於強勁的市場條件和供應可用性,特別是在美國,將再次創下組合購買的記錄年份。
計劃利用不斷增加的收款額,可能在槓桿接近目標區間中點時恢復股票回購。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:如需更全面的詳情,請參閱投資人關係網站。本文僅供投資者參考,不作任何指引或建議。
譯文內容由第三人軟體翻譯。