March 29, 2017 1:41 PM ET

Consumer Finance

Company Overview of Encore Capital Group, Inc.

Company Overview

Encore Capital Group, Inc., a specialty finance company, together with its subsidiaries, provides debt recovery solutions for consumers across a range of financial assets worldwide. The company purchases portfolios of defaulted consumer receivables at deep discounts to face value, as well as manages them by working with individuals as they repay their obligations and works toward financial recovery. It is also involved in the debt management of portfolios consisting of higher balance and semi-performing accounts; and the management of non-performing loans. In addition, the company provides portfolio management services to banks for non-performing loans; and financial solutions to individuals...

3111 Camino Del Rio North

Suite 103

San Diego, CA 92108

United States

Founded in 1998

6,703 Employees

Phone:

877-445-4581

Key Executives for Encore Capital Group, Inc.

Chief Executive Officer, President and Director
Age: 62
Total Annual Compensation: $860.0K
Chief Financial Officer and Executive Vice President
Age: 57
Total Annual Compensation: $500.0K
President of Midland Credit Management
Age: 50
Total Annual Compensation: $340.0K
Senior Vice President, General Counsel and Corporate Secretary
Age: 49
Total Annual Compensation: $300.0K
Group Executive of International and Corporate Development
Age: 55
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2015.

Encore Capital Group, Inc. Key Developments

Encore Capital Seeks Acquisitions

Encore Capital Group, Inc. (NasdaqGS:ECPG) is seeking acquisitions with the proceeds of $150 million raised through private placement of 3.25% convertible senior notes.

Encore Capital Group Seeks Acquisitions

Encore Capital Group, Inc. (NasdaqGS:ECPG) intends to use the net proceeds of $0.13 billion from a private placement for general corporate purposes, which may include working capital, capital expenditures, acquisitions, or repayment or repurchase of outstanding debt, including the Company's revolving credit facility and the Company's outstanding existing convertible senior notes.

Encore Capital Group, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016

Encore Capital Group, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $271,384,000, income from operations of $87,445,000, income from continuing operations before income taxes of $38,868,000, income from continuing operations of $10,494,000, income from continuing operations attributable to the company of $21,983,000 or $0.85 per diluted share, net income of $11,323,000, net income attributable to the stockholders of $22,812,000 or $0.88 per diluted share against total revenues of $290,609,000, income from operations of $84,338,000, income from continuing operations before income taxes of $34,798,000, income from continuing operations of $30,810,000, income from continuing operations attributable to the company of $28,226,000 or $1.08 per diluted share, net income of $1,596,000, net loss attributable to the stockholders of $988,000 or $0.04 per diluted share a year ago. Adjusted income from continuing operations attributable to the company of $18,666,000 or $0.72 per diluted share against adjusted income from continuing operations attributable to the company of $31,769,000 or $1.22 per diluted share a year ago. For the full year, the company reported total revenues of $1,029,258,000, income from operations of $241,514,000, income from continuing operations before income taxes of $57,375,000, income from continuing operations of $19,170,000, income from continuing operations attributable to the company of $78,923,000 or $3.05 per diluted share, net income of $16,817,000, net income attributable to the stockholders of $76,570,000 or $2.96 per diluted share against total revenues of $1,129,967,000, income from operations of $282,254,000, income from continuing operations before income taxes of $97,933,000, income from continuing operations of $70,771,000, income from continuing operations attributable to the company of $68,522,000 or $2.57 per diluted share, net income of $47,384,000, net income attributable to the stockholders of $45,135,000 or $1.69 per diluted share a year ago. Net cash provided by operating activities of $130,332,000 compared to $114,425,000 a year ago. Purchases of property and equipment of $31,668,000 compared to $28,624,000 a year ago. Adjusted income from continuing operations attributable to the company of $90,126,000 or $3.48 per diluted share against adjusted income from continuing operations attributable to the company of $126,019,000 or $4.73 per diluted share a year ago.

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