ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG) Files An 8-K Results of Operations and Financial ConditionItem 2.02.Results of Operations and Financial Condition.
On August 3, 2017, Encore Capital Group, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2017. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
The information in Item 2.02 of this Current Report on Form 8-K, including the information contained in Exhibit 99.1, is being furnished to the Securities and Exchange Commission to Item 2.02, and shall not be deemed to be “filed” for the purposes of Section18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by a specific reference in such filing.
Item 2.02.Financial Statements and Exhibits.
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Exhibit Number |
Description |
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99.1 |
Press release dated August 3, 2017 |
ENCORE CAPITAL GROUP INC ExhibitEX-99.1 2 ecpgq22017earningspressrel.htm EXHIBIT 99.1 Exhibit Exhibit 99.1Encore Capital Group Announces Second Quarter 2017 Financial Results•Improved global collections and favorable U.S. market conditions drive higher returns•Estimated Remaining Collections of $6.3 billion establishes new all-time highSAN DIEGO,…To view the full exhibit click here
About ENCORE CAPITAL GROUP, INC. (NASDAQ:ECPG)
Encore Capital Group, Inc., through its subsidiaries, is a specialty finance company providing debt recovery solutions for consumers and property owners across a range of financial assets. The Company operates through two segments: Portfolio Purchasing and Recovery, and Tax Lien Business. Its portfolio purchasing and recovery segment purchases portfolios of defaulted consumer receivables at discounts and manages them by partnering with individuals as they repay their obligations and work toward financial recovery. Defaulted receivables are consumers’ unpaid financial commitments to credit originators, including banks, credit unions, consumer finance companies, commercial retailers, and telecommunication companies. Defaulted receivables also include receivables subject to bankruptcy proceedings. In addition, the Company assists property owners delinquenting on their property taxes by structuring monthly payment plans and purchases delinquent tax liens directly from taxing authorities.