Encore Capital Group, Inc. (NASDAQ:ECPG) Q3 2018 Earnings Conference Call Transcript

Nov 07, 2018 • 05:00 pm ET


Encore Capital Group, Inc. (NASDAQ:ECPG) Q3 2018 Earnings Conference Call Transcript


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Good day, ladies and gentlemen, and welcome to the Encore Capital Group's Q3 2018 Earnings Conference Call. At this time all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. (Operator Instructions) As a reminder, this conference may be recorded. I would now like to turn the conference over to your host, Mr. Bruce Thomas. Sir, you may begin.

Bruce Thomas

Thank you, operator. Good afternoon, everyone, and welcome to Encore Capital Group's third quarter 2018 earnings call. With me on the call today are Ashish Masih, our President and Chief Executive Officer; Jonathan Clark, Executive Vice President and Chief Financial Officer; and by phone, Paul Grinberg, President of Encore's International Business; and Ken Stannard, the CEO of Cabot Credit Management, our subsidiary based in the UK. Ashish and Jon will make prepared remarks today, and then, we'll be happy to take your questions. Before we begin, we have a few housekeeping items. Unless otherwise noted, comparisons made on this conference call will be between the third quarter of 2018 and the third quarter of 2017. Today's discussion will include forward-looking statements subject to risks and uncertainties. Actual results could differ materially from these forward-looking statements. Please refer to our SEC filings for a detailed discussion of potential risks and uncertainties. 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 earnings presentation, which was filed on Form 8-K earlier today. As a reminder, this conference call will also be made available for replay on the Investors section of our website, where we will also post our prepared remarks following the conclusion of this call. With that, let me turn the call over to Ashish Masih, our President and Chief Executive Officer.