Encore Capital Group Inc (OQ:ECPG)
Business Focus: Corporate Financial Services
| Sector: Financials | Industry: Corporate Financial Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Suite 1300, 3111 Camino Del Rio North SAN DIEGO CA 92108 |
| 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 | Tomas Hernanz 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 nine months ended 30 September 2024, Encore Capital Group Inc revenues increased 11% to $1.05B. Net income increased 34% to $86.1M. Revenues reflect Portfolio Purchasing Agency segment increase of 66% to $1.05B, United States segment increase of 18% to $717.2M, United Kingdom segment increase of 3% to $233.2M, Other geographies segment increase from $189K to $1.7M. |
| Employees: | 7,400 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $4,454M as of Sep 30, 2024 |
| Annual revenue (TTM): | $1,328M as of Sep 30, 2024 |
| EBITDA (TTM): | $368.88M as of Sep 30, 2024 |
| Net annual income (TTM): | -$184.70M as of Sep 30, 2024 |
| Free cash flow (TTM): | $140.91M as of Sep 30, 2024 |
| Net Debt Last Fiscal Year: | $3,303M as of Sep 30, 2024 |
| Shares outstanding: | 23,691,291 as of Oct 30, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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