Stewart Q1 net income $3.1M, up from $8.2M loss; revenue $554.3M, +5.7%

STEWART INFORMATION SERVICES CORP

2024-Q1 EPS reported $0.11 revenue$554,315,000

Net income attributable to Stewart $3.1M ($0.11 diluted EPS) vs net loss $8.2M ($0.30 loss) in Q1 2023.
Total revenues $554.3M ($547.3M adjusted) vs $524.3M ($526.1M adjusted) prior year.
Adjusted net income $4.6M ($0.17 per diluted share) vs $0.2M ($0.01) in Q1 2023.
Title segment operating revenues $451.4M (-1% YoY); investment income doubled to $12.9M; pretax income $10.2M vs loss $0.7M.
CEO Fred Eppinger cites higher rate environment challenges; commercial revenues increased but residential volumes challenged.

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 0.9

STEWART INFORMATION SERVICES CORP reported first quarter 2024 results: revenue $554.3 million, net income $3.1 million, EPS $0.11 per diluted share.

Period: first quarter 2024
Revenue: $554.3 million
Net income: $3.1 million
EPS: $0.11 per diluted share
Result: reported results

Exact text from the filing

Stewart Reports First Quarter 2024 Results · Total revenues of $554.3 million ($547.3 million on an adjusted basis) compared to $524.3 million ($526.1 million on an adjusted basis) in the prior year quarter · Net income of $3.1 million ($4.6 million on an adjusted basis) compared to net loss of $8.2 million (net income of $0.2 million on an adjusted basis) in the prior year quarter · Diluted earnings per share of $0.11 ($0.17 on an adjusted basis) compared to prior year quarter loss per diluted share of $0.30 ($0.01 earnings per share on an adjusted basis)

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Source: SEC EDGAR

accession 0001104659-24-051241

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