ENCORE CAPITAL GROUP INC

Encore Capital Group reported strong financial results for the second quarter and first half of 2026. Q2 revenues increased by 11.25% to $491.9 million, with net income rising 9.03% to $64.0 million and diluted EPS growing 12.85% to $2.81. The company also repurchased $26.7 million in common stock during the quarter and recognized a $30.5 million loss on debt extinguishment.

Encore Capital Group reported strong second-quarter 2026 financial results, with diluted earnings per share of $2.81, which included $1.00 per share in refinancing costs. The company achieved record global portfolio purchases of $444 million, driven by a record $372 million in the U.S., and record global collections of $737 million, up 13% year-over-year. Following this performance, Encore Capital Group raised its full-year 2026 collections guidance to a range of $2.80 billion to $2.85 billion and its EPS guidance to $13.00 to $14.00 per share.

Encore Capital Group reported strong second-quarter 2026 financial results, with record global collections of $737 million and record U.S. portfolio purchases of $372 million. The company achieved diluted earnings per share of $2.81, which included $1.00 per share in refinancing costs related to a $1 billion debt refinancing expected to save $15 million annually in interest. Following this robust performance, Encore Capital Group raised its full-year 2026 guidance for global collections to a range of $2.80 billion to $2.85 billion and EPS to $13.00 to $14.00 per share.

Encore Capital Group announced it will redeem all $230.0 million aggregate principal amount of its 4.00% Convertible Senior Notes due 2029 on September 24, 2026. The redemption is triggered by the company's common stock price exceeding 130% of the conversion price for a specified period. Holders have the option to convert their Notes into common stock at an increased conversion rate of 16.2056 shares per $1,000 principal amount until September 22, 2026. Additionally, the company expects to unwind and terminate related capped call transactions.

Encore Capital Group, Inc. announced it will release its second quarter 2026 financial results on Wednesday, August 5, 2026, after the market closes. The company will host a conference call and slide presentation on the same day at 2:00 p.m. Pacific / 5:00 p.m. Eastern time. The call will feature President and CEO Ashish Masih, CFO Tomas Hernanz, and VP of Global Investor Relations Bruce Thomas, discussing the reported results.

Encore Capital Group, Inc. held its 2026 Annual Meeting of Stockholders where several key proposals were approved. Stockholders approved the Amended and Restated 2017 Incentive Award Plan, which increases the aggregate number of shares reserved for issuance by 650,000 and eliminates the fungible share ratio. Additionally, an amendment to the Company's Certificate of Incorporation was approved to provide for the exculpation of officers from liability. All eight nominated directors were elected, executive officer compensation was approved in a non-binding vote, and BDO USA, P.C. was ratified as the independent auditor.

Encore Capital Group, Inc. issued €325.0 million aggregate principal amount of senior secured floating rate notes due 2033. These notes are senior secured obligations, fully and unconditionally guaranteed on a senior secured basis by substantially all material subsidiaries of the company. The obligations are secured, together with other senior secured indebtedness, by substantially all assets of the company and its guarantors. The notes will accrue interest at a rate equal to three-month EURIBOR (subject to a 0% floor) plus 3.250% per annum, reset and payable quarterly.

Encore Capital Group, Inc. announced the issuance of $750.0 million aggregate principal amount of 6.625% senior secured notes due 2032. These notes are senior secured obligations, fully and unconditionally guaranteed by the company's material subsidiaries, and secured by substantially all assets of the company and its guarantors. Interest will be paid semi-annually on June 1 and December 1, commencing December 1, 2026.

Encore Capital Group priced an upsized offering of €325.0 million senior secured floating rate notes due 2033, initially announced at €300.0 million. These notes will bear interest at three-month EURIBOR plus 3.250%. The company also recently priced a $750.0 million 6.625% senior secured notes offering due 2032. Proceeds from both offerings will be used to redeem existing senior secured notes due 2028 and 2029, and to repay revolving credit facility drawings, completing a full redemption of the €415.0 million notes due 2028. The company's fiscal year 2026 guidance remains unchanged.

Encore Capital Group announced the pricing of an upsized 325.0 million senior secured floating rate notes offering due 2033, with a coupon of three-month EURIBOR plus 3.250%. The proceeds will be used to redeem 215.0 million of its 2028 notes, repay revolving credit, and cover offering expenses. Concurrently, the company launched a $750.0 million 6.625% senior secured notes offering due 2032, whose proceeds will redeem $500.0 million of 2029 notes and 200.0 million of 2028 notes. These refinancing activities will fully redeem the outstanding 415.0 million 2028 notes and result in a net repayment of its revolving credit facility, without changing the fiscal year 2026 guidance.