Encore Capital raising 2024 guidance

“Due to the strength of our position in the favorable U.S. market for portfolio purchasing and the continued execution of our strategy, we are raising our 2024 guidance provided in February. We now anticipate our global portfolio purchasing this year will exceed $1.15B and we expect our year-over-year collections growth to be approximately 11% to over $2.075B. We also remain committed to the critical role we play in the consumer credit ecosystem and to helping consumers restore their financial health,” said CEO Ashish Masih.