Stewart Q4 2023 revenue down 11% to $582.2M; diluted EPS $0.32 vs $0.49 last year

STEWART INFORMATION SERVICES CORP

2023-FY EPS reported $1.11 revenue$2,257,341,000

Total revenues $582.2M vs $655.9M in Q4 2022; net income $8.8M ($0.32 EPS) vs $13.3M ($0.49 EPS).
Adjusted net income $16.6M ($0.60 EPS) vs $22.9M ($0.84 EPS) in prior year quarter.
Title segment operating revenues fell 14% YoY to $503M; investment income rose 89% to $13M.
CEO Fred Eppinger cites higher interest rates and expects negative impact on real estate transaction volume through H1 2024.
Full year 2023 net income $30.4M ($1.11 EPS) vs $162.3M ($5.94 EPS) in 2022.

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 December 31, 2023 results: revenue $582.2 million ($577.4 million on an adjusted basis), net income $8.8 million ($16.6 million on an adjusted basis), EPS $0.32 ($0.60 on an adjusted basis).

Period: the three months ended December 31, 2023
Revenue: $582.2 million ($577.4 million on an adjusted basis)
Net income: $8.8 million ($16.6 million on an adjusted basis)
EPS: $0.32 ($0.60 on an adjusted basis)
Result: reported results

Exact text from the filing

Houston, Texas 77252-2029 www.stewart.com CONTACT Brian Glaze / David Hisey Investor Relations (713) 625-8761 Stewart Reports Fourth Quarter 2023 Results · Total revenues of $582.2 million ($577.4 million on an adjusted basis) compared to $655.9 million ($643.2 million on an adjusted basis) in the prior year quarter · Net income of $8.8 million ($16.6 million on an

View on SEC.gov

23 earnings releases filed in the last 30 days. Browse all earnings releases →

STEWART INFORMATION SERVICES CORP filing history →

Source: SEC EDGAR

accession 0001104659-24-011641

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.