Encore Capital Group (ECPG) Q3 FY2023 earnings: revenue $310 million, up 0.6% on the year

Encore Capital Group Inc. (ECPG) reported revenue of $310 million for Q3 FY2023, the quarter ended 30 September 2023, up 0.6% on the same quarter a year earlier. Net income was $19 million, down 38.6% on the year, and diluted earnings per share $0.79. The figures are the company's own, from the 10-Q it filed with the SEC on 1 November 2023.

Revenue$310 millionup 0.6%

Net income$19 milliondown 38.6%

Diluted EPS$0.79

QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Revenue	310	n/a	n/a	n/a
Operating income	75.5	n/a	n/a	n/a
Operating margin	24.4%	n/a	n/a
Interest expense	50.6	n/a	n/a	n/a
Pre-tax income	30.1	n/a	n/a	n/a
Income tax	10.7	n/a	n/a	n/a
Effective tax rate	35.7%	n/a	n/a
Net income	19.3	n/a	n/a	n/a
Net margin	6.2%	n/a	n/a
Diluted EPS	$0.79	n/a	n/a	n/a

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Operating cash flow	53.6	n/a	n/a	n/a
Capital expenditure	7.3	n/a	n/a	n/a
Free cash flow	46.3	n/a	n/a	n/a
Free cash flow margin	15.0%	n/a	n/a
Cash from investing	-56.5	n/a	n/a	n/a
Cash from financing	-31.8	n/a	n/a	n/a
Depreciation and amortisation	11.2	n/a	n/a	n/a
Share-based compensation	3.1	n/a	n/a	n/a
Diluted shares, weighted	24m	n/a	n/a	n/a
Shares outstanding at period end	24m	n/a	n/a	n/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q3 FY2023	Quarter before	A year earlier	Change on the year
Shareholders' equity	1,199	n/a	n/a	n/a
Other liabilities	3,562	n/a	n/a	n/a
Total liabilities and equity	4,760	n/a	n/a	n/a
Fixed assets	102	n/a	n/a	n/a
Goodwill	826	n/a	n/a	n/a
Intangible assets	18.8	n/a	n/a	n/a
Cash and equivalents	145	n/a	n/a	n/a
Other assets	3,669	n/a	n/a	n/a
Total assets	4,760	n/a	n/a	n/a

Questions

What was Encore Capital Group's revenue in Q3 FY2023?

Encore Capital Group (ECPG) reported revenue of $310 million for Q3 FY2023, the quarter ended 30 September 2023, up 0.6% on the same quarter a year earlier.

How much did Encore Capital Group earn in Q3 FY2023?

Net income for Q3 FY2023 was $19 million, down 38.6% on the year, and diluted earnings per share $0.79.

When did Encore Capital Group report Q3 FY2023 results?

Encore Capital Group filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 1 November 2023.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	310	277	328	355	367	266	393	442	460	474	475	492
Operating income	75.5	-217	83.6	102	106	-134	129	151	173	173	184	187
Operating margin	24%	-78%	25%	29%	29%	-51%	33%	34%	38%	37%	39%	38%
Interest expense	50.6	54.5	55.8	61.4	66.9	68.5	70.5	73.9	74.2	75.2	73.0	73.9
Pre-tax income	30.1	-272	30.5	42.5	40.8	-210	60.5	78.0	99.9	97.8	112	82.8
Tax rate	36%	n/a	24%	24%	25%	n/a	23%	25%	25%	22%	23%	23%
Net income	19.3	-271	23.2	32.2	30.6	-225	46.8	58.7	74.7	76.7	86.2	64.0
Net margin	6%	-98%	7%	9%	8%	-85%	12%	13%	16%	16%	18%	13%
Diluted EPS	$0.79	-$11.40	$0.95	$1.34	$1.26	-$9.42	$1.93	$2.49	$3.17	$3.37	$3.86	$2.81
Operating cash flow	53.6	36.8	51.0	35.7	45.9	23.5	45.3	9.5	81.6	16.8	82.3	-29.4
Capital expenditure	7.3	8.0	6.9	7.4	6.2	8.6	7.0	6.3	6.0	6.9	4.9	8.4
Free cash flow	46.3	28.7	44.1	28.3	39.7	15.0	38.3	3.2	75.6	9.9	77.5	-37.8
Shares outstanding	24m	24m	24m	24m	24m	24m	24m	23m	23m	22m	21m	21m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 1 November 2023, accession 0001084961-23-000107: the filing on EDGAR. All of Encore Capital Group Inc.'s filings: EDGAR company page.

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