HORSHAM, PA – NCO Group, Inc. (“NCO” or the “Company”) (Nasdaq: NCOG), a leading provider of business process outsourcing services, announced today that it will report fourth quarter earnings before the market opens on Tuesday, March 15, 2005. The Company also announced that it is not restating its financial statements for the previously announced change in the timing of revenue recognition on certain cash receipts for contingency revenues. The Company will record the change as a cumulative adjustment in the fourth quarter of 2004.
Before this change, the results for the fourth quarter and year ended December 31, 2004 would have been at the lower end of the previously announced range of $0.38 to $0.42 per diluted share and $1.62 to $1.67 per diluted share, respectively. The change is expected to result in a reduction of diluted earnings per share of approximately $0.02 to $0.04 for the fourth quarter and year ended December 31, 2004.
The Company will host an investor conference call on Tuesday, March 15, 2005, at 2:00 p.m., ET, to address the items discussed in the press release for the fourth quarter earnings in more detail and to allow the investment community an opportunity to ask questions. Interested parties can access the conference call by dialing (888) 209-7450 (domestic callers) or (706) 643-7734 (international callers) and providing the pass code 4697390. A taped replay of the conference call will be made available for seven days and can be accessed by interested parties by dialing (800) 642-1687 (domestic callers) or (706) 645-9291 (international callers) and providing the pass code 4697390.
