Encore Capital Group Inc (OQ:ECPG)

Sector:  Financials Industry:  Corporate Financial Services
See Regulatory Filings on SEC
Company Contact
Address: Suite 1300, 3111 Camino Del Rio North
Tel: 1-858-3096442
Website: https://www.encorecapital.com
IR: See website
Key People
Ashish Masih
President, Chief Executive Officer, Director
Jonathan C. Clark
Chief Financial Officer, Executive Vice President, Treasurer
Ryan B. Bell
President - Midland Credit Management
John Yung
President - International and Cabot Credit Management
Andrew E. Asch
Senior Vice President, General Counsel, Corporate Secretary
Business Overview
Encore Capital Group, Inc. is an international specialty finance company. The Company provides debt recovery solutions and other related services for consumers across a range of financial assets. Through its subsidiaries, the Company purchases portfolios of consumer receivables from banks, credit unions, and utility providers. It primarily purchases portfolios of defaulted consumer receivables at deep discounts to face value and manage them by working with individuals as they repay their obligations and work toward financial recovery. The Company also provide debt servicing and other portfolio management services to credit originators for non-performing loans in Europe. The Company's debt servicing operations include early-stage collections, business process outsourcing and contingent collections for credit originators. The Company mainly provides debt servicing for consumer accounts, but also provides services for business-to-business accounts.
Financial Overview
For the three months ended 31 March 2024, Encore Capital Group Inc revenues increased 5% to $328.4M. Net income increased 25% to $23.2M. Revenues reflect United States segment increase of 9% to $219.1M, Other European countries segment increase of 5% to $36.1M. Net income benefited from Depreciation and amortization decrease of 28% to $7.8M (expense), General and administrative expenses decrease of 5% to $36.2M (expense).
Employees: 7,400 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $4,363M as of Mar 31, 2024
Annual revenue (TTM): $1,238M as of Mar 31, 2024
EBITDA (TTM): $329.82M as of Mar 31, 2024
Net annual income (TTM): -$201.88M as of Mar 31, 2024
Free cash flow (TTM): $141.28M as of Mar 31, 2024
Net Debt Last Fiscal Year: $3,191M as of Mar 31, 2024
Shares outstanding: 23,686,865 as of May 1, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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