Earnings Call Summary | Altisource Portfolio(ASPS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Altisource Portfolio(ASPS.US) Q1 2024 Earnings Conference
The following is a summary of the Altisource Portfolio Solutions S.A. (ASPS) Q1 2024 Earnings Call Transcript:
以下是Altisource投资组合解决方案有限公司（ASPS）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Altisource reported Q1 2024 adjusted EBITDA of $4.6 million on $36.9 million of service revenue.
Over the last two years, adjusted EBITDA improved by over $30 million despite low origination volume and historically low mortgage delinquacy rates.
For 2024, the company predicts revenue growth of 23% and an EBITDA increase of $21 million compared to previous year.
The service revenue grew 15% compared to Q4 2023, with an 11% growth in the Servicer and Real Estate segment and a 30% growth in the Origination segment.
Q1 2024 EBITDA margins expanded to 12.6%, compared to 0.7% in Q4 2023 and 4% in Q1 2023.
Altisource报告称，2024年第一季度调整后的息税折旧摊销前利润为460万美元，服务收入为3,690万美元。
在过去两年中，尽管发放量低，抵押贷款拖欠率处于历史最低水平，但调整后的息税折旧摊销前利润仍增长了3000多万美元。
该公司预计，与去年相比，2024年的收入将增长23％，息税折旧摊销前利润将增加2100万美元。
与2023年第四季度相比，服务收入增长了15％，其中服务商和房地产板块增长了11％，Origination板块增长了30％。
2024年第一季度的息税折旧摊销前利润率扩大至12.6％，而2023年第四季度为0.7％，2023年第一季度为4％。
Business Progress:
业务进展：
The Servicer and Real Estate segment is gaining market share with two new contracts signed in March and April.
Thirteen agreements were signed for the tri-merge credit product and related reseller services in the Origination segment in the first quarter.
Despite industry-wide decline, service revenue in the Origination segment grew 30%.
Anticipated annualized service revenue is projected to increase from $147 million to $219 million, and EBITDA from $16 million to $35 million due to recent business wins.
Altisource attributes its $88 million revenue increase from business wins largely to the growth in renovations, trustee wins, and REO auction work.
The company is strategically targeting the early stage of foreclosure process and expanding its foreclosure trustee business.
Projected EBITDA could increase by about $20-$25 million and revenue growth of $60 million above current trends, even if the market normalizes.
Future expenses are expected to increase due to hiring for business growth.
服务业和房地产板块的市场份额正在增加，在3月和4月签署了两份新合同。
第一季度签署了13份关于Origination板块的三合一信贷产品和相关经销商服务的协议。
尽管全行业有所下降，但Origination板块的服务收入增长了30％。
由于最近的业务胜利，预计年化服务收入将从1.47亿美元增加到2.19亿美元，息税折旧摊销前利润将从1,600万美元增加到3500万美元。
Altisource将其业务胜利带来的8,800万美元收入增长主要归因于装修、受托人赢取和REO拍卖工作的增长。
该公司的战略目标是取消抵押品赎回程序的早期阶段，并扩大其止赎受托人业务。
即使市场恢复正常，预计的息税折旧摊销前利润仍可能比目前的趋势增加约2,000万至2500万美元，收入增长6000万美元。
由于招聘促进业务增长，预计未来的支出将增加。
More details: Altisource Portfolio IR
更多详情： Altisource 投资组合投资者关系
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。
译文内容由第三方软件翻译。