Encore Capital Group, Inc. (NASDAQ:ECPG) Q2 2024 Earnings Conference Call August 7, 2024 5:00 PM ET

Company Participants

Bruce Thomas – Vice President, Global Investor Relations
Ashish Masih – President and Chief Executive Officer
Jonathan Clark – Executive Vice President and Chief Financial Officer
Ryan Bell – President, Midland Credit Management

Conference Call Participants

Mark Hughes – Truist Securities
Zach Oster – Citizens JMP
Robert Dodd – Raymond James

Operator

Good afternoon everyone, and thank you for standing by. Welcome to the Encore Capital Group's Second Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Bruce Thomas, VP of Global Investor Relations for Encore. Bruce, please go ahead.

Bruce Thomas

Thank you, operator. Good afternoon and welcome to Encore Capital Group's second quarter 2024 earnings call. Joining me on the call today are Ashish Masih, our President and Chief Executive Officer; Jonathan Clark, Executive Vice President and Chief Financial Officer; and Ryan Bell, President of Midland Credit Management. Ashish and Jon will make prepared remarks today, and then we will be happy to take your questions.

Unless otherwise noted, comparisons on this conference call will be made between the second quarter of 2024 and the second quarter of 2023. In addition, today's discussion will include forward-looking statements that are based on current expectations and assumptions and are subject to risks and uncertainties. Actual results could differ materially from our expectations. Please refer to our SEC filings for a detailed discussion of potential risks and uncertainties. We undertake no obligation to update any forward-looking statement.

During this call, we will use rounding and abbreviations for the sake of brevity. We will also be discussing non-GAAP financial measures. Reconciliations to the most directly comparable GAAP financial measures are included in our investor presentation, which is available on the Investors section of our website. As a reminder, following the conclusion of this call a replay of this conference call, along with our prepared remarks, will also be available on the Investors section of our website.

With that, let me turn the call over to Ashish Masih, our President and Chief Executive Officer.

Ashish Masih

Thanks, Bruce, and good afternoon, everyone. Thank you for joining us. Before I begin today's quarterly remarks, I'd like to spend a moment addressing the news of Jonathan's retirement next year, which you've likely seen in the separate press release we issued today alongside our Q2 earnings release.