CCC Intelligent Solutions Holdings Inc. (CCCS) Q3 2024 Earnings Call Transcript Summary
CCC Intelligent Solutions Holdings Inc. (CCCS) Q3 2024 Earnings Call Transcript Summary
Free cash flow for Q3 was $49 million, up from $46 million in the prior year, with a trailing 12-month free cash flow of $200 million, a 4% increase year-over-year.The following is a summary of the CCC Intelligent Solutions Holdings Inc. (CCCS) Q3 2024 Earnings Call Transcript:
以下是CCC Intelligent Solutions Holdings Inc. (CCCS) 2024年第三季度業績會交易摘要：
Financial Performance:
金融業績：
CCC Intelligent Solutions Holdings Inc. reported Q3 2024 revenue of $238 million, an 8% year-over-year increase, with adjusted EBITDA of $102 million, up 9% from the previous year.
The adjusted EBITDA margin increased to 43%, up approximately 60 basis points year-over-year.
Free cash flow for Q3 was $49 million, up from $46 million in the prior year, with a trailing 12-month free cash flow of $200 million, a 4% increase year-over-year.
CCC Intelligent Solutions Holdings Inc.報告2024年第三季度營業收入爲$23800萬，同比增長8％，調整後的EBITDA爲$10200萬，比去年同期增長9％。
調整後的EBITDA利潤率提高到43%，同比增加約60個點子。
第三季度的自由現金流爲$4900萬，較去年同期的$4600萬增加，過去12個月的自由現金流爲$20000萬，同比增長4%。
Business Progress:
業務進展：
CCC continues to develop and introduce high-impact solutions such as First Look AI tool and Intelligent Reinspection, focusing on enhancing efficiency and automation in claims processing.
The company has successfully rolled out new event-driven architecture, IX Cloud, which facilitates real-time data handling and AI-driven workflow improvements.
Significant strides in product adoption include CCC Build Sheets and CCC Payroll, enhancing back-office operations for collision repair facilities.
CCC繼續開發和推出高影響力解決方案，如First Look人工智能工具和智能複查，專注於提高理賠處理效率和自動化。
公司成功推出了新的事件驅動架構IX Cloud，促進實時數據處理和人工智能驅動的工作流程改進。
產品採用方面取得了重大進展，其中包括CCC建立表和CCC工資單，爲碰撞修復設施的後臺運營提供支持。
Opportunities:
機會：
The adoption of CCC's new generation of AI-powered solutions across the P&C insurance industry represents a significant growth opportunity, particularly as these solutions drive operational efficiencies and meet rapidly evolving customer service expectations.
CCC新一代人工智能解決方案在財產與意外傷害保險行業的採用代表着巨大的增長機會，尤其是這些解決方案推動運營效率，並滿足不斷演變的客戶服務期望。
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：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
