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September 04, 2015 8:23 AM 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 and property owners across a range of financial assets worldwide. The company operates in two segments, Portfolio Purchasing and Recovery, and Tax Liens. The Portfolio Purchasing and Recovery segment 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. This segment is also involved in the debt management of portfolios consisting of higher balance and semi-performing accounts; and the management of non-per...

3111 Camino Del Rio North

Suite 103

San Diego, CA 92108

United States

Founded in 1998

5,601 Employees

Phone:

877-445-4581

Key Executives for Encore Capital Group, Inc.

Chief Executive Officer, President and Director
Age: 61
Total Annual Compensation: $852.6K
Chief Financial Officer, Executive Vice President and Treasurer
Age: 56
Total Annual Compensation: $96.2K
Executive Vice President of U.S. Debt Purchasing and Operations
Age: 49
Total Annual Compensation: $329.1K
Senior Vice President, General Counsel and Corporate Secretary
Age: 48
Total Annual Compensation: $295.4K
Group Executive of International and Corporate Development
Age: 54
Total Annual Compensation: $544.8K
Compensation as of Fiscal Year 2014.

Encore Capital Group, Inc. Key Developments

Encore Capital Group, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Cash Flow Results for the Six Months Ended June 30, 2015

Encore Capital Group, Inc. announced unaudited consolidated earnings results for the second quarter and cash flow results for the six months ended June 30, 2015. For the quarter, net income attributable to the company was $27.7 million, or $1.03 per fully diluted share, compared to net income attributable to company of $23.6 million, or $0.86 per fully diluted share, in the same period of the prior year. Adjusted income attributable to the company increased 14% to $33.2 million, compared to adjusted income attributable to the company of $29.1 million in the same period of the prior year. Adjusted income attributable to the company per share (also referred to as Economic EPS) grew 15% to $1.27, compared to $1.10 in the same period of the prior year. Adjusted EBITDA grew to a record $277 million, an increase of 8%, compared to $256 million in the same period of the prior year. The company’s improving collections performance in the second quarter led to strong cash flows. Revenue in the quarter was a record $290 million, an increase of 8% over the $269 million in the second quarter of 2014. The company’s success in the quarter was driven primarily by two of its strategic initiatives within the company: First, its international platform is delivering strong growth in collections, revenues and earnings; and second, the company is successfully sustaining its core U.S. business through sizable capital deployments and commitments for forward flows. Income from operations was $87.0 million compared to $78.51 million a year ago. Income before income taxes was $41.15 million compared to $35.36 million a year ago. For the six months, net cash provided by operating activities was $47.41 million compared to $52.37 million a year ago. Purchase of property and equipment was $10.64 million compared to $8.94 million a year ago.

Encore Capital Group, Inc. to Report Q2, 2015 Results on Aug 10, 2015

Encore Capital Group, Inc. announced that they will report Q2, 2015 results at 9:00 AM, Eastern Standard Time on Aug 10, 2015

Encore Capital Group, Inc., Q2 2015 Earnings Call, Aug 10, 2015

Encore Capital Group, Inc., Q2 2015 Earnings Call, Aug 10, 2015

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