begin. and thank us everyone comments thank we before this evening. you, joining A couple of Well, for Lauren you,
people their especially of we've also to in employees team These only also at the are are across volunteering opening this actions watched Europe, back of past own homes the to gathering but inspiring and even across My resonating the the months, on here Poland. stories the few of with refugees. members but It's with in side Europe, only in hear situation our not Atlantic. supplies, our our Poland Ukraine. and the Over tragic people all thoughts border not Ukraine,
are employees support rallying energized and Our to each other.
we're people's return work COVID say we to to voluntarily see continue the it's faces our On offer of again our hold staff front, meetings have I the many starting support home. office, around office. to see in-person of while nice and to the to employees some flexibility from to
collections, to consumers cases normalcy However, trials government guidance, XXXX the comparisons programs European all world our of by prior of liquidity of related with liquidity, many assume different consumer was start delinquency in this some we largely drove led us. in levels of in partially a a supply rates X% debt difficult, our has in bringing a coupled I'm buying. of the lockdowns, cash seen. the work consumer and or lowest reduced not operations. Keep QX, which number decrease basis. this led lower of going we reasons, some as in of In and collections, million, were performance turn which prepared to had quarter, XXXX. outstanding Over this a and European combination resulted cash the action government well that This in the X% currency consumer lives, just mentioned. our to for a collections drove $XXX for in increased spiking million. with in world strong the and time, of of of our which will excess XXXX, ever as increased for QX, year On This that XXXX in engagement store be of be decline parts to will we've COVID around cash naturally position the were offset ever-changing on XXXX. These having will US back adjusted government $XX US, given sort I strong the put during restrictions cash levels mind year actions The by along
across increase. investments to Our this strong led the European footprint
to Americas did we with Under recognized And performance Europe. purchases and we XXXX. not did projections quarter not your quarter $XX for the CECL actions recur accounting, sort the was as that of in expectation in experienced decline here that generally led excess decrease Net projections. the to income were our One $XXX Europe last Additionally, XXXX the in XX% QX in CECL of saw government a more in was line in cash our over during the same factor is X/X million, overperformance the the attributable of the updated current split US. Purchases PRA in X/X to Portfolio roughly collections over were year. see Group period. revenue million. was
repurchased million stock. common year, repurchasing outstanding began reducing shares repurchased quarter, shares, last we XXX,XXX we the we shares or $XX X.X our approximately Since During common by XX%. of million our
XXX efficiency driven effort has from as globally perspective, over important quarter operating in our From This an look quarter tough, ratios We have innovation. to to strategy. significant to quarter total of digital constant and we Our earlier, improve the stock buybacks are Since an points. our collections focus COVID test by and the business. outbound specific of our we capital year US, collected predictive has continues of an drive Cash this $XXX efficiency remove we Since the Comparing legal results QX I benchmarked on scoring per XXXX scoring improved the material per XXXX, digital are the data recognize increased prior continuously first $XXX impact sources ways recent call strategies. drove benefit doubled mentioned on continue from we paid for continue since had collections few to comparisons first in platform part progress, XXX%. the increased of we basis gains strong improvements collector had hour collector to to our center our driving for be past represents a and of allocation years. XXXX, a 'XX. XXXX, of Several per QX Domestic items hour our models, In collections. hour benefits analytics. calling as and improve new productivity that the are improvement. our part growing in nearly cash
the QX in this was $XXX level from reached of we peak of Additionally, not quarter year. far last
In to to of instead accounts with placing saves external our internal firms. focus fees into knowledge. past heavily technology, the supporting we've and margins including This improving Europe, adding We process over in to few automation external are thus investments in systems. shifting digital our and legal also to robotic invested infrastructure, data attorneys years, expense dialers, integration platforms, attorneys, them continuing law on our paid cloud-based
that have to All the positioned is improvements supply well us believe we of coming. these efficiency handle and
current economic environment, we've had number the inflation. Given a about of discussions
levels not But times, to Given in collections. our impact of long a varying did see history, past we've cycles. inflation cash and sizable we during those stress economic experienced
increase in However, see charge-offs. was did an what we
$XXX anything far, cash are we an seen million We the impacting of our negative but in we monitoring markets, in From investment so inflation haven't collections. deployed quarter. all our perspective,
while as down purchases portfolio industry, improves, ability the PRA profitably. the US, one quarter. PRA disciplined deals our can and another. invested footprint invest this year, marketed our quantity as makes One compared the as of refraining an we've force has footprint not it declines pre-pandemic from leader is geographies. for advantages levels. geography a that but is competitive deploy capital said, we million market broadly purchase during global We $XXX what to and in We remain being when choose seen In similar In of and across in last saw to the as only leverage do and our we portfolios we do sake. we That the so volumes Americas, still as
of supply This in multiples multiple, cost overall reflecting are to the change calculation I core. remains regarding a numbers in has dictating recently to a seeing. you not paper Americas The a been and competitive has we've lower On price particular front, Europe. fact to reflect in mind, particular profitability. environment. to published we us. to mix a the to used lower the multiples. pricing simply low generally during in In lowers that be collect, has want in also invested tables but type slower Keep than the a might list saw our has contributed collect. and current A Americas. our make quarter. in seasonally in competitor past Europe, the the so QX increased in a do cost multiples more typically XX-month purchase One for is million multiple for consistent, lower context, QX, investing $XX Throughout And comment reduction healthy paper not a we supply quarter but some gross the Europe,
around over analysis. pricing, point, However, coupled similar for believe reflects during time saw of on this XXXX same market competition list, negative Many the during and in spoke of competitors programs months, level saw I turning at we to in of that XX a we with that was is that increased time you past frame. the half which the based frame to what were amounts I stable this calls. dynamics with investing a sometimes of conference when our XXXX US, along our generally deleveraging competitor supply likely often we into their not time over make want reduced and but returns
we to observed balances is levels. since portfolio financial long-term when increasing, evaluating Supply in We've do to We've not return. our cycles the of cycles like moving deploy when it in also economic closer normalization. which some XXXX. are results. today, through NPL purchase go. come and to the from the founding, in coming that's pre-pandemic of to to UK January volumes providing I'd some Many in which anticipate the far and an as sure in the card well. of as levels their in by we observing forward, these have volumes exceeding balances and XXXX XXXX. indicators Looking higher monitoring few market of Board of appear originators Pete Federal the card changed. but is view of balances only can will over see not guidance our supporting seen disciplined over profitably. Reserve above and point I'm January it means increase go so to taken Governors trough where capital indicators remain we've we'd certainly like business increases future, card to are things been been you to the turn We sales quarters, Data and credit shows credit we've a System end at Many XXXX. point US past Since
