Encore Q4 2019 Earnings Report
Key Takeaways
Encore Capital Group reported consolidated financial results for Q4 2019. The company delivered solid GAAP earnings and adjusted earnings were up 8% compared to the same quarter a year ago. Portfolio purchases were $235 million, including $155 million in the U.S. and $80 million in Europe.
Delivered record results in nearly every important aspect of the business
Set new highs for global collections, revenues, ERC and earnings.
Made significant progress on a number of strategic priorities, which include concentrating on the valuable U.S. and U.K. markets
Expect to generate new records for collections, revenues, ERC, and earnings in 2020 while further reducing debt leverage
Encore
Encore
Encore Revenue by Geographic Location
Forward Guidance
We feel very optimistic as we begin 2020. We expect to generate new records for collections, revenues, ERC, and earnings in 2020 while further reducing our debt leverage.
Revenue & Expenses
Visualization of income flow from segment revenue to net income