Businessweek

Portfolio Recovery Associates Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $169,559,000 against $140,146,000 a year ago. Income from operations was $65,887,000 against $44,421,000 a year ago. Income before income taxes was $63,198,000 against $41,769,000 a year ago. Net income attributable to the company was $38,600,000 or $2.26 per diluted share against $25,462,000 or $1.47 per diluted share a year ago. Net cash provided by operating activities was $58,110,000 against $20,059,000 a year ago. Purchases of property and equipment were $2,463,000 against $1,152,000 a year ago. Return on average equity was 21.1% against 16.7% a year ago.

Portfolio Recovery Associates Inc., Q1 2013 Earnings Call, Apr 30, 2013

Portfolio Recovery Associates Inc. announced that they will report Q1, 2013 results at 5:00 PM, Eastern Standard Time on Apr 30, 2013

Portfolio Recovery Associates Inc. Presents at JMP 12th Annual Research Conference, May-14-2013 03:30 PM. Venue: The Ritz-Carlton, San Francisco, 600 Stockton Street, San Francisco, CA 94108, United States. Speakers: Christopher B. Graves, Executive Vice President of Core Acquisitons, Steven D. Fredrickson, Co-Founder, Chairman, Chief Executive Officer and President.

Portfolio Recovery Associates Inc. reported unaudited consolidated earnings results for fourth quarter and year ended December 31, 2012. For the quarter, the company’s total revenues were $154,251,000 against $118,087,000 a year ago. Income from operations was $59,989,000 against $45,955,000 a year ago. Income before income tax was $58,173,000 against $43,443,000 a year ago. Net income attributable to company was $35,802,000 or $2.10 per diluted share against $26,590,000 or $1.54 per diluted share a year ago. The increase in revenue was driven by cash receipts of $245.4 million, up 25% from $195.7 million in fourth quarter of 2011. Return on average equity was 20.6% was 18.2% a year ago. For the year, the company’s total revenues were $592,801,000 against $458,935,000 a year ago. Income from operations was $216,064,000 against $178,025,000 a year ago. Income before income tax was $207,033,000 against $167,463,000 a year ago. Net income attributable to company was $126,593,000 or $7.39 per diluted share against $100,791,000 or $5.85 per diluted share a year ago. Net cash provided by operating activities was $131,417,000 against $173,025,000 a year ago. Purchases of property and equipment were $7,115,000 against $9,634,000 a year ago. Return on average equity was 19.6% was 18.5% a year ago. The company believes that the full year 2012 effective rate of 39.1% is a reasonable basis for an estimate for full year 2013.