Stewart Q3 revenues down 16% to $601.7M; adjusted EPS $0.86 vs $1.58

STEWART INFORMATION SERVICES CORP

2023-Q3 EPS reported $0.79 revenue$1,675,172,000

Total revenues $601.7M (-16% YoY); adjusted revenues $603.7M vs $722.8M.
GAAP diluted EPS $0.51; adjusted diluted EPS $0.86, down from $1.58.
Title segment operating revenues $522.1M (-19% YoY); pretax margin 6.6% vs 8.0%.
Pretax income $27.1M (adjusted $40.0M) vs $45.5M (adjusted $63.9M) prior year.
CEO cites higher interest rate environment; company focusing on cost discipline and long-term initiatives.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STEWART INFORMATION SERVICES CORP reported the three months ended September 30, 2023 results: revenue $601.7 million, net income $14.0 million, EPS $0.51 per diluted share.

Period: the three months ended September 30, 2023
Revenue: $601.7 million
Net income: $14.0 million
EPS: $0.51 per diluted share
Result: reported results

Exact text from the filing

incorporated by reference in any filing under the Securities Act of 1933, as amended. --- EX-99.1 (EX-99.1) --- Stewart Reports Third Quarter 2023 Results Total revenues of $601.7 million ($603.7 million on an adjusted basis) compared to $716.4 million ($722.8 million on an adjusted basis) in the prior year quarter Net income of $14.0 million ($23.9 million on an

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STEWART INFORMATION SERVICES CORP filing history →

Source: SEC EDGAR

accession 0000950170-23-055219

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