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Kingsway Financial Services (KFS)
NYSE:KFS
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -11.31%
|Next Earnings Date:Mar 05, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant achievements in terms of acquisitions and growth in key segments like Extended Warranty and KSX. However, challenges remain, particularly in the venture and private equity markets affecting some segments, and a noticeable increase in net debt.Company Guidance
During the Kingsway Third Quarter 2024 Earnings Call, the company provided a detailed overview of its financial performance and strategic activities. Kingsway reported a consolidated revenue of $27.1 million, marking a nearly 10% increase from the prior year, and consolidated adjusted EBITDA of $2.9 million, a 28% improvement year-over-year. The Extended Warranty segment experienced a 3.4% revenue growth, although claims expenses rose by 7.5%. The KSX segment saw a 23% revenue increase, driven by acquisitions, although Image Solutions' results were not included for the full quarter. The acquisition of Image Solutions cost $19.5 million, with an adjusted EBITDA of $3.1 million. The company's net debt increased to $52 million, primarily due to acquisition financing. The management highlighted the favorable outlook for several business units, including the nurse staffing and cardiac monitoring services, and expressed optimism about future interest rate cuts potentially benefiting the warranty business.Improved Performance in Extended Warranty Segment
Extended Warranty segment showed strong cash sales and a continuing moderation of claims experience, exiting the quarter with momentum heading into the fourth quarter.
Acquisition of Image Solutions
Kingsway acquired Image Solutions for $19.5 million, marking its sixth acquisition in the accelerator portfolio. Image Solutions is a high-margin, asset-light business with impressive historical organic growth.
Revenue and EBITDA Increase
Consolidated revenue was $27.1 million, a solid increase of nearly 10% compared to the prior year quarter. Consolidated adjusted EBITDA was $2.9 million, a 28% improvement over the $2.3 million in the year ago quarter.
Positive Developments in KSX Segment
Revenues in the KSX segment increased 23% compared to the year ago quarter, primarily due to acquisitions. Positive change in the nurse staffing market with travel shifts up 73% year-over-year.
Successful Integration of Acquisitions
DDI's revenue grew 20% year-over-year and 19% year-to-date. SPI's ARR grew by 16%, with operational metrics up across the board.
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KFS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KFS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $9.55 | $9.33 | -2.30% |
| Aug 06, 2024 | $8.01 | $7.97 | -0.50% |
| May 08, 2024 | $8.93 | $8.16 | -8.62% |
| Mar 05, 2024 | $9.30 | $9.32 | +0.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kingsway Financial Services (KFS) report earnings?
Kingsway Financial Services (KFS) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Kingsway Financial Services (KFS) earnings time?
Kingsway Financial Services (KFS) earnings time is at Mar 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KFS EPS forecast?
Currently, no data Available
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