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February 10, 2016 10:15 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 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

5,637 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. Provides Capital Expenditure Guidance for 2015

Encore Capital Group, Inc. provided capital expenditure guidance for 2015. The company expects to deploy capital in 2015 at a level that is consistent with previous year's deployments in the U.S., and remains on track to deploy capital globally within the $1.2 billion to $1.4 billion target range for the full year.

Encore Capital Group, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Encore Capital Group, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, total revenues were $287.8 million against $273.3 million last year. Income from operations was $34.5 million against $84.3 million last year. Loss before income taxes was $14.3 million against income before income taxes of $40.3 million last year. Net loss attributable to shareholders was $11 million or $0.43 per basic and diluted share against net income attributable to shareholders of $30.3 million or $1.11 per diluted share last year. Adjusted income attributable to the company was $34.5 million or $1.30 per diluted share on accounting basis against $30.8 million or $1.13 per diluted share on accounting basis last year. Adjusted EBITDA was $268.5 million against $251.8 million last year. Excluding an allowance related to the cfpb settlement, revenues grew 8% compared to the third quarter of 2014. Net loss attributable to the company was primarily as a result of the one-time charge associated with regulatory matters. On economic basis, diluted earnings per share were $1.34 against $1.17 last year. For the nine months, net income was $45.8 million against $70.3 million last year. Net cash provided by operating activities was $63.4 million against $98.8 million last year. Purchases of property and equipment were $15.8 million against $13.6 million last year.

Encore Capital Group, Inc. to Report Q3, 2015 Results on Nov 05, 2015

Encore Capital Group, Inc. announced that they will report Q3, 2015 results at 2:00 PM, Pacific Standard Time on Nov 05, 2015

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