earnings
confidence high
sentiment negative
materiality 0.75
Stewart Q2 net income $61.7M falls 35% YoY; diluted EPS $2.26 vs $3.50
STEWART INFORMATION SERVICES CORP
2022-Q2 EPS reported
$4.37
revenue$1,696,988,000
- Total revenues $844.1M (+3% YoY); adjusted net income $70.4M ($2.58 adjusted EPS) vs $86.0M ($3.17) in Q2 2021.
- Title segment pretax income down 26% to $93.6M; pretax margin 12.3% from 16.7% due to higher expenses.
- Real estate solutions segment revenues surged 42% to $82.9M; pretax income up 176% to $6.1M.
- Net cash from operations fell 19% to $83.3M from $103.0M on lower net income.
- CEO cites transitioning market; company maintains strong operating margins.