EarningsEncore Capital Group closed out 2024 with record collections and purchases in the fourth quarter, collections upside relative to its forecast, and a continuation of tailwinds in the U.S. market that have driven strong results all year and position the business as a cyclical winner.
Financial PerformanceStrong full-year purchasing and collections guidance exceeded expectations.
Market ConditionsManagement conveyed a robust purchasing environment in the U.S. market, with supply at record levels, and raised its purchasing outlook through year-end.