Earnings Call Summary | Kingsway Financial Services(KFS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Kingsway Financial Services(KFS.US) Q1 2024 Earnings Conference
The following is a summary of the Kingsway Financial Services Inc. (KFS) Q1 2024 Earnings Call Transcript:
以下是金斯威金融服務公司（KFS）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Kingsway's Q1 2024 revenue was constant at $26.2 million year-over-year.
Adjusted EBITDA was slightly down at $2.1 million compared to $2.4 million in the same quarter of the previous year.
In its Extended Warranty and KSX segments together, the adjusted EBITDA was $3.0 million.
The company reported an improved run-rate adjusted EBITDA of $16-17 million across its operating companies.
Cash revenue for the quarter was up by about 1.5% year-over-year and operating expenses were down by 4%.
The company holds a $40 million bond portfolio and about $8 million in restricted cash with a current yield in the 3% range.
金斯威2024年第一季度的收入同比穩定在2620萬美元。
調整後的息稅折舊攤銷前利潤與去年同期的240萬美元相比略有下降至210萬美元。
在其延長保修和KSX板塊中，調整後的息稅折舊攤銷前利潤合計爲300萬美元。
該公司報告稱，其運營公司的經調整後的息稅折舊攤銷前利潤提高了1600萬至1700萬美元。
該季度的現金收入同比增長約1.5％，運營費用下降4％。
該公司持有4000萬澳元的債券投資組合和約800萬澳元的限制性現金，目前的收益率在3％之間。
Business Progress:
業務進展：
Kingsway saw an increase in contract sales and revenue per contract in its Extended Warranty segment despite ongoing macroeconomic challenges and a rise in average claims expense.
The KSX segment saw a revenue increase primarily due to recent acquisitions.
Kingsway aims to continue its growth through acquisitions and targets 2-3 deal closings over the next year.
Kingsway's warranty businesses displayed strong performance, with significant developments at Trinity and IWS.
The software business SPI added eight new enterprise customers, improving ARR significantly.
The company plans to close two new acquisitions by the end of 2024 and expects EBITDA growth to turn positive over the next two or three quarters.
儘管宏觀經濟挑戰持續不斷，平均索賠費用增加，但金斯威的延長保修板塊的合同銷售額和每份合同的收入均有所增加。
KSX板塊的收入增長主要是由於最近的收購。
Kingsway的目標是通過收購繼續增長，並計劃在明年完成2-3筆交易。
金斯威的保修業務表現強勁，Trinity和IWS取得了重大進展。
軟件業務SPI增加了八個新的企業客戶，顯著提高了ARR。
該公司計劃在2024年底之前完成兩項新的收購，並預計未來兩三個季度的息稅折舊攤銷前利潤將轉爲正增長。
More details: Kingsway Financial Services IR
更多詳情： 金斯威金融服務投資者
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。