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Dec 31, 2023
Encore Q4 2023 Earnings Report
Encore Capital Group's Q4 2023 financial results were announced, revealing a net loss impacted by non-cash charges, alongside growth in U.S. portfolio purchases and overall global portfolio purchases.
Key Takeaways
Encore Capital Group reported a net loss for Q4 2023, primarily due to a goodwill impairment charge. However, the company saw growth in U.S. portfolio purchases and an increase in global portfolio purchases. They expect portfolio purchases and collections to grow in 2024.
U.S. market for portfolio supply continued strong growth.
Global portfolio purchases increased by 34% in 2023.
U.S. portfolio purchases reached a record $815 million in 2023.
Encore anticipates growth in both portfolio purchases and collections for 2024.
Encore
Encore
Encore Revenue by Segment
Encore Revenue by Geographic Location
Revenue by Segment
Total debt purchasing Revenue
CapyFin.comServicing Revenue
CapyFin.comOther revenues Revenue
CapyFin.comRevenue by Geographic Location
U.S. purchases Revenue
CapyFin.comEurope purchases Revenue
CapyFin.com Forward Guidance
Encore expects portfolio purchases and collections to grow in 2024, anchored by a robust pipeline of supply in the U.S., where they already have $230 million of committed portfolio purchases for the first quarter.
Positive Outlook
- Expect portfolio purchases to grow in 2024.
- Expect collections to grow in 2024.
- Robust pipeline of supply in the U.S.
- $230 million of committed portfolio purchases for Q1.
Revenue & Expenses
Visualization of income flow from segment revenue to net income