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投資組合解決方案有限公司（ASPS）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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報告稱，2024年第一季度調整後的息稅折舊攤銷前利潤爲460萬美元，服務收入爲3,690萬美元。
在過去兩年中，儘管發放量低，抵押貸款拖欠率處於歷史最低水平，但調整後的息稅折舊攤銷前利潤仍增長了3000多萬美元。
該公司預計，與去年相比，2024年的收入將增長23％，息稅折舊攤銷前利潤將增加2100萬美元。
與2023年第四季度相比，服務收入增長了15％，其中服務商和房地產板塊增長了11％，Origination板塊增長了30％。
2024年第一季度的息稅折舊攤銷前利潤率擴大至12.6％，而2023年第四季度爲0.7％，2023年第一季度爲4％。
Business Progress:
業務進展：
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.
服務業和房地產板塊的市場份額正在增加，在3月和4月簽署了兩份新合同。
第一季度簽署了13份關於Origination板塊的三合一信貸產品和相關經銷商服務的協議。
儘管全行業有所下降，但Origination板塊的服務收入增長了30％。
由於最近的業務勝利，預計年化服務收入將從1.47億美元增加到2.19億美元，息稅折舊攤銷前利潤將從1,600萬美元增加到3500萬美元。
Altisource將其業務勝利帶來的8,800萬美元收入增長主要歸因於裝修、受託人贏取和REO拍賣工作的增長。
該公司的戰略目標是取消抵押品贖回程序的早期階段，並擴大其止贖受託人業務。
即使市場恢復正常，預計的息稅折舊攤銷前利潤仍可能比目前的趨勢增加約2,000萬至2500萬美元，收入增長6000萬美元。
由於招聘促進業務增長，預計未來的支出將增加。
More details: Altisource Portfolio IR
更多詳情： Altisource 投資組合投資者關係
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。