Encore Capital reports $139M net loss for 2024; record portfolio purchases $1.35B, up 26%

ENCORE CAPITAL GROUP INC

2024-FY EPS reported -$5.83 revenue$1,316,361,000

GAAP net loss $139M ($5.83/sh) for 2024; Q4 net loss $225M ($9.42/sh) on $101M Cabot goodwill impairment and ERC adjustments.
Full-year collections $2.16B (+16% YoY); portfolio purchases record $1.35B (+26% YoY) with U.S. purchases $999M.
Cabot restructuring included exit from Spanish and Italian NPL markets; expects future performance aligned with rebased ERC.
2025 guidance: portfolio purchases exceed $1.35B, collections up 11% to $2.4B, plan to resume share repurchases.

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