Encore Capital Group(US:ECPG) Globenewswire·2025-11-05 21:05Core Insights - Encore Capital Group reported strong financial performance in Q3 2025, with significant increases in portfolio purchases and collections, leading to a substantial rise in earnings per share [2][5][4]. Financial Performance - Portfolio purchases reached $346 million, a 23% increase compared to Q3 2024, with U.S. purchases at $261 million, up 13% year-over-year [2][4]. - Record collections amounted to $663 million, reflecting a 20% increase from the previous year, with U.S. collections at $502 million, up 25% [2][4]. - Earnings per share for Q3 2025 were $3.17, a remarkable 152% increase from $1.26 in Q3 2024 [2][4]. Business Segments - The U.S. MCM business showed strong results, with portfolio purchases of $261 million and record collections of $502 million [2]. - The Cabot business in Europe reported portfolio purchases of $85 million and collections of $160 million, an 8% increase compared to the same quarter last year [2]. Guidance and Future Outlook - The company raised its global collections guidance for the full year 2025 to approximately $2.55 billion, indicating an 18% year-over-year growth [2]. - Portfolio purchasing guidance remains unchanged, with expectations to exceed $1.35 billion in purchases made in 2024 [2]. Share Repurchase Program - The company repurchased $10 million of its common stock in Q3 and nearly $25 million in Q4 to date, totaling approximately $60 million year-to-date [3]. - The board authorized an additional $300 million to its existing share repurchase program [3].