Strong Collections Growth
Collections increased 20% year-over-year to a record $663 million, driven by new technologies and enhanced digital capabilities in the U.S. market.
Record Earnings Per Share
Earnings per share reached $3.17, up more than 150% compared to the third quarter of the previous year.
Increased Portfolio Purchases
Encore's global portfolio purchases for the third quarter were $346 million, an increase of 23% compared to Q3 2024.
Share Repurchase Program Expansion
Encore repurchased $10 million of shares in Q3 and authorized an additional $300 million under its share repurchase program.
Strong U.S. Market Performance
MCM's collections increased by 25% in the U.S., reaching a record $502 million, driven by strong operations and favorable market conditions.