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PRAA-News
PRAA-Events
Q2 Revenue Reaches $372.17M, Up 29.4% Year-over-Year
Reports Q2 revenue $372.17M vs. $287.7M last year. We continued to execute against our PRA 3.0 strategy during the second quarter to drive higher returns and long-term shareholder value," said Martin Sjolund, president and chief executive officer. "We generated continued growth in cash collections, maintained strong cash efficiency, invested nearly $300 million in portfolio purchases, and delivered higher earnings. We also performed a comprehensive review of our European portfolios as part of our quarterly portfolio assessment. This review resulted in an approximately $349 million increase in European ERC, reflecting more than six years of sustained cash overperformance in Europe, as well as enhancements to our analytical processes and forecasting capabilities. We believe this is an important milestone that better aligns our European ERC with the long trend of historical overperformance of the European portfolios. As a result of this change, we expect higher levels of portfolio income going forward and more moderate levels of changes in expected recoveries over the long-term."
Company Board Approves New $150M Share Repurchase Program
On August 3, the company's board of directors authorized a new $150M program. The new share repurchase program has no stated expiration date.
PRA Reports Q1 Revenue of $314.53M, Beating Expectations
Reports Q1 revenue $314.53M, consensus $295.94M. "We had a strong start to 2026, building on the success we achieved last year with continued improvement in our key financial and operational metrics," said CEO Martin Sjolund. "Cash collections grew 11% from the prior-year period...Our cash efficiency ratio improved to 62%, even with the increase in legal collection costs to support future collections growth. Net income increased to $28M and Adjusted EBITDA for the last twelve months was up 14%, growing faster than cash collections, as we continued to gain operating leverage. Overall, Q1 was another solid quarter, with strong execution across several operational initiatives and improved financial results. Looking ahead to the rest of the year, we plan to continue making progress on our new PRA 3.0 strategy, including modernizing our technology platforms and innovating with our new mobile app in the UK and global AI initiatives. We believe we are in a strong position to continue delivering enhanced results and value for our shareholders, as we transform PRA into a high-performing, technology-enabled global allocator of capital."
PRA Reports Q4 Revenue of $333.39M, Beating Consensus
Reports Q4 revenue $333.39M, consensus $288.86M. "PRA made significant progress in 2025. Since stepping into the CEO role in June, we have further strengthened our U.S. operational platform, built on the track record of our European franchise, and developed our longer-term strategy and key financial goals," said CEO Martin Sjolund. "In the U.S., we successfully executed against our near-term strategic priorities, including driving cost savings, reorganizing our operations, creating a new talent hub, and implementing our IT modernization roadmap. Our adjusted non-GAAP results demonstrate a stable earnings platform, underpinned by a strong and well-diversified capital structure with moderate leverage that has declined in recent quarters. During Q4, we repurchased $10M of our shares, bringing the total amount repurchased in 2025 to $20M, in line with our capital allocation strategy to drive shareholder value. Looking ahead, we are introducing our PRA 3.0 strategy to evolve the company into a high-performing, technology-enabled global allocator of capital. We believe that the actions we are taking will drive stronger financial results and unlock meaningful long-term value for our shareholders."
PRA Group announces Q3 adjusted earnings per share of 53 cents, surpassing consensus estimate of 50 cents.
Reports Q3 revenue $311.14M, consensus $295.77M. "It has now been just over 100 days since I have stepped into the CEO role, and my focus has been on accelerating what is working well and tackling areas of our business that need to be improved," said CEO Martin Sjolund. "During this time, we achieved significant progress against our strategic priorities for the U.S. business that we shared last quarter, including driving cost efficiency, reorganizing our U.S. operations, creating a new talent hub, bringing our headquarters corporate and support staff back to the office, and developing our IT modernization roadmap...Cash collections grew 14% year-over-year, reflecting recent purchases, the continued strong performance of our European business, and growing momentum in our U.S. operational initiatives...Overall, we are heading in the right direction and are focused on continuing to improve the financial performance of our business."
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