Kingsway Reports Third Quarter 2024 Financial Results
Kingsway Reports Third Quarter 2024 Financial Results
Management to Host Conference Call Today at 5 p.m. ET
管理層將於今天下午5點到美國東部時間召開電話會議。
CHICAGO, IL / ACCESSWIRE / November 6, 2024 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company") today announced its operating results for the three and nine months ended September 30, 2024.
芝加哥,IL / ACCESSWIRE / 2024年11月6日 / 匯富金融服務公司(NYSE:KFS)("匯富"或"公司")今天宣佈了截至2024年9月30日的三個月和九個月的運營業績。
Third Quarter 2024 Consolidated Financial Highlights
2024年第三季度財務業績亮點
-
Consolidated revenue increased 9.5% to $27.1 million for the three months ended September 30, 2024, compared to $24.8 million in the prior year period
Extended Warranty revenue increased 3.4% to $17.8 million in the third quarter of 2024, compared to $17.3 million in the third quarter of 2023
Kingsway Search Xcelerator ("KSX") revenue increased by 23.3% to $9.3 million in the third quarter of 2024, compared to $7.5 million in the third quarter of 2023
Consolidated net loss was $2.3 million for the three months ended September 30, 2024, compared to a net loss of $0.7 million in the prior year period.
Twelve month run-rate adjusted EBITDA for the operating companies of $18.5 million to $19.5 million (which includes the results of Image Solutions); run-rate is intended to capture the 12-month earnings of what the company currently owns or has recently acquired and is not intended to be forward-looking guidance
-
Adjusted consolidated EBITDA increased 27.8% to $2.9 million for the three months ended September 30, 2024, compared to $2.3 million in the prior year period
Extended Warranty adjusted EBITDA was $2.1 million in the third quarter of 2024 compared to $2.1 million in the year ago period.
KSX adjusted EBITDA was $1.3 million in the third quarter of 2024 (which excludes the results of Image Solutions) compared to $1.1 million in the year ago period. The prior year period excludes DDI and has only a partial month of SPI.
-
截至2024年9月30日的三個月,綜合營收同比增長9.5%,達到2710萬美元,而去年同期爲2480萬美元。
延長保修服務營收在2024年第三季度增長了3.4%,達到1780萬美元,而去年第三季度爲1730萬美元。
匯尋快車("KSX")營收在2024年第三季度增長了23.3%,達到930萬美元,而去年第三季度爲750萬美元。
截至2024年9月30日的三個月,綜合淨虧損爲230萬美元,而去年同期爲70萬美元。
12個月的調整後EBITDA年化率爲1850萬至1950萬美元(其中包括Image Solutions的業績);年化率旨在捕捉公司當前擁有或最近收購的12個月收入,並不代表前瞻性指引。
-
截至2024年9月30日三個月的調整合並EBITDA增長27.8%,達到290萬美元,而上一年同期爲230萬美元。
2024年第三季度延長保修調整後EBITDA爲210萬美元,與去年同期的210萬美元相比。
2024年第三季度KSX的調整後EBITDA爲130萬美元(不包括Image Solutions的業績),而去年同期爲110萬美元。去年同期不包括DDI,僅有SPI的部分月份。
Recent Business Highlights
最新業務亮點
Purchased Image Solutions LLC ("Image Solutions"), an information technology managed services provider (IT MSP) for $19.5 million, plus transaction expenses and a working capital adjustment, in an all-cash transaction.
Appointed Rob Casper as the newest Operator-in-Residence ("OIR") in the Company's KSX platform.
Completed the sale of VA Layfette subsidiary, netting cash proceeds of $1.1 million
以現金方式收購了信息技術託管服務提供商Image Solutions LLC(「Image Solutions」),金額爲1950萬美元,再加上交易費用和工作資本調整。
任命Rob Casper爲公司KSX平台中最新的運營商-5g。
完成了出售VA Layfette子公司的交易,淨現金收入爲110萬美元。
John T. Fitzgerald, President and Chief Executive Officer of Kingsway, said, "Our acquisition pipeline remains healthy and active. In the third quarter, we completed the purchase of Image Solutions, an attractive information technology services business with compelling economics and an established presence in a growing market. We remain disciplined in our pursuit of acquisition targets while we continue to see great interest from exceedingly talented entrepreneurs in joining our KSX platform. With each new acquisition we are building a robust portfolio of great businesses that are delivering results and are poised for growth and additional upside.
匯富金融服務的總裁兼首席執行官約翰·T·菲茨傑拉德表示,「我們的收購管道仍然健康且活躍。在第三季度,我們完成了對圖像解決方案的收購,這是一家吸引力十足的信息技術服務業務,具有引人注目的經濟前景,並在不斷增長的市場中樹立了自己的地位。在尋找收購目標的過程中,我們保持紀律性,同時我們繼續看到來自極具才華的企業家對加入我們的KSX平台表現出極大興趣。隨着每一次新收購,我們正在建立一個強大的偉大業務組合,這些業務正在取得成果,具備增長和額外收益的潛力。」
"For the third quarter, our consolidated revenues increased nearly 10% year-over-year. There are emerging signs of strength in our Extended Warranty segment businesses, and within KSX, solid execution is driving solid operational performance as industry-specific headwinds begin to abate."
「在第三季度,我們的綜合收入同比增長近10%。我們延長保修業務領域出現了增長跡象,而在KSX內部,堅實的執行推動着良好運營績效,行業特定的逆風開始減弱。」
Balance Sheet Highlights
資產負債表亮點
Year-to-date through November 1, 2024, repurchased 312,850 shares of common stock at a cost of $2.5 million under its securities repurchase program.
Purchased the remaining 10% interest in IWS for $2.5 million; the Company now owns 100% of IWS.
The Company had total net debt of $52.0 million as of September 30, 2024, compared with $35.3 million as of December 31, 2023.
Issued 330,000 shares of convertible preferred stock for proceeds of $8.25 million, which was used in the purchase of Image Solutions.
截至2024年11月1日,公司以250萬美元的成本回購了312,850股普通股,作爲證券回購計劃的一部分。
以250萬美元收購了IWS剩餘10%的股權;公司現在擁有IWS的100%。
截至2024年9月30日,公司的總淨債務爲5200萬美元,而截至2023年12月31日爲3530萬美元。
發行了33萬股可轉換優先股,融資825萬美元,用於收購圖像解決方案。
Conference Call and Webcast
電話會議和網絡直播
Management will host a conference call at 5 p.m. Eastern Time today to discuss the results and host a live Q&A session. Additionally, investors may also submit questions via email to: James@HaydenIR.com.
管理層將於今天下午5點到美國東部時間召開電話會議,以討論結果並主持實時問答會議。此外,投資者還可以通過電子郵件向James@HaydenIR.com提交問題。
Conference Call Information
電話會議信息
Date: Wednesday, November 6, 2024
Time: 5 p.m. Eastern Time
Toll Free: 888-506-0062; Code: 427731
International: 973-528-0011; Code: 427731
Live Webcast Link:
日期:2024年11月6日星期三
時間:美國東部時間下午5點
免費電話:888-506-0062;驗證碼:427731
國際電話:973-528-0011;驗證碼:427731
實時網絡廣播鏈接:
Conference Call Replay Information
電話會議重播信息
Toll Free: 877-481-4010
International: 919-882-2331
Replay Passcode: 51576
Replay Webcast Link:
免費電話:877-481-4010
國際電話:919-882-2331
回放密碼:51576
重播網絡廣播鏈接:
About the Company
關於公司
Kingsway (kingsway-financial.com) is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries. The common shares of Kingsway are listed on the New York Stock Exchange under the trading symbol "KFS."
匯富(kingsway-financial.com)是一家控股公司,主要擁有或控制在延長保修和商業服務行業的子公司。匯富的普通股在紐交所上市,交易符號爲"KFS"。
The company serves the extended warranty industry through its operating subsidiaries:
該公司通過其營運子公司提供延長保修行業的服務:
Auto Warranty
汽車保修
IWS (iwsgroup.com)
Penn Warranty (pennwarranty.com)
Preferred Warranties (preferredwarranties.com)
綜合環保集團(iwsgroup.com)
Penn Warranty(pennwarranty.com)
Preferred Warranties(preferredwarranties.com)
HVAC/Facility Warranty
暖通空調/設施保修
Trinity Warranty Solutions (trinitywarranty.com)
Trinity Warranty Solutions(trinitywarranty.com)
The company serves the business services industry through its operating subsidiaries:
該公司通過其運營子公司爲商業服務行業提供服務:
B2B Services
B20億 Services
Ravix Group (ravixgroup.com), CSuite Financial (Csuitefinancialpartners.com)
Image Solutions (istechology.com)
Ravix Group(ravixgroup.com),CSuite Financial(Csuitefinancialpartners.com)
圖像解決方案 (istechology.com)
Healthcare Services
醫療服務
Digital Diagnostic Imaging (ddimagingusa.com)
Secure Nursing Services (securenursing.com)
數字診斷影像 (ddimagingusa.com)
安全護理服務 (securenursing.com)
Vertical Market Software
垂直市場軟件
Systems Products International (spisoftware.com)
系統產品國際 (spisoftware.com)
Non U.S. GAAP Financial Measure
非美國通用會計準則財務指標
Management believes that non-GAAP adjusted EBITDA, when presented in conjunction with comparable GAAP measures, provides useful information about the Company's operating results and enhances the overall ability to assess the Company's financial performance. Management uses non-GAAP adjusted EBITDA, together with other measures of performance under GAAP, to compare the relative performance of operations in planning, budgeting and reviewing the performance of its business. Non-GAAP adjusted EBITDA allows investors to make a more meaningful comparison between the Company's core business operating results over different periods of time. Management believes that non-GAAP adjusted EBITDA, when viewed with the Company's results under GAAP and the accompanying reconciliations, provides useful information about the Company's business without regard to potential distortions. By eliminating potential differences in results of operations between periods caused by the factors listed in the attached schedules, Management believes that non-GAAP adjusted EBITDA can provide useful additional basis for comparing the current performance of the underlying operations being evaluated. Investors should consider this non-GAAP measure in addition to, not as a substitute for or as superior to, financial reporting measures prepared in accordance with GAAP. Investors are encouraged to review the Company's financial results prepared in accordance with GAAP to understand the Company's performance taking into account all relevant factors.
管理層相信,在與可比的美國通用會計準則措施並列呈現時,非美國通用會計準則調整EBITDA提供有關公司運營結果的有用信息,並增強了評估公司財務表現的綜合能力。管理層與其他美國通用會計準則下的績效指標一起使用非美國通用會計準則調整EBITDA,在規劃、預算編制和審查其業務績效時比較運營的相對績效。非美國通用會計準則調整EBITDA使投資者能夠更加有意義地比較公司不同時間段的核心業務運營結果。管理層認爲,如果與公司根據美國通用會計準則及附表中的調整進行比較,非美國通用會計準則調整EBITDA提供了有關公司業務的有用信息,而不考慮潛在的扭曲。通過消除附件中列出的因素導致的不同經營結果之間的潛在差異,管理層認爲,非美國通用會計準則調整EBITDA可以爲比較正在評估的基礎運營的當前績效提供有用的額外基礎。投資者應考慮這一非美國通用會計準則的衡量標準,而不是以之爲替代或優於根據美國通用會計準則編制的財務報告措施。鼓勵投資者審閱根據美國通用會計標準編制的公司財務結果,以了解公司的績效,考慮所有相關因素。
Forward-Looking Statements
前瞻性聲明
This press release may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts and involve risks and uncertainties that could cause actual results to differ materially from those expected and projected. Words such as "expects," "believes," "anticipates," "intends," "estimates," "seeks" and variations and similar words and expressions are intended to identify such forward-looking statements; however, the absence of any such words does not mean that a statement is a not a forward-looking statement. Such forward-looking statements relate to future events or future performance, but reflect Kingsway management's current beliefs, based on information currently available. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking statements, please refer to the section entitled "Risk Factors" in the Company's 2023 Annual Report on Form 10-K and subsequent Form 10-Qs and Form 8-Ks filed with the Securities and Exchange Commission. Except as expressly required by applicable securities law, the Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
本新聞稿可能包含《前瞻性聲明》,這些聲明不是歷史事實,涉及風險和不確定性可能導致實際結果與預期和預測有很大差異。"預期","相信","預計","意圖","估計","尋求"和類似詞語和表達旨在識別此類前瞻性聲明;然而,缺乏這些詞並不意味着聲明不是前瞻性聲明。這些前瞻性聲明涉及未來事件或未來業績,但反映了匯富管理層根據目前可獲得的信息所持有的當前信念。許多因素可能導致實際事件、業績或結果與前瞻性聲明中討論的事件、業績和結果有很大不同。有關可導致實際結果與前瞻性聲明中預期的結果有很大不同的重要因素的信息,請參閱公司2023年年度報告10-k表中的名爲"風險因素"的章節以及隨後提交給證券交易委員會的Form 10-Q和Form 8-K。除非適用證券法明確規定,公司否認有意或有義務更新或修訂任何前瞻性聲明,無論是因爲新信息、未來事件或其他原因。
Additional Information
附加信息
Additional information about Kingsway, including a copy of its Annual Reports can be accessed on the EDGAR section of the U.S. Securities and Exchange Commission's website at www.sec.gov, on the Canadian Securities Administrators' website at , or through the Company's website at .
有關Kingsway的其他信息,包括其年度報告副本,可在美國證券交易委員會EDGAR部分的網站www.sec.gov,加拿大證券管理機構的網站或通過公司網站www.kingsway-financial.com上獲得。
For Media Inquiries: |
For Company Inquiries: |
媒體查詢: |
公司諮詢: |
Kingsway Financial Services Inc.
Reconciliation of GAAP Net Income (Loss) to Non-GAAP Adjusted Consolidated EBITDA
(in thousands)
(UNAUDITED)
匯富金融服務公司
淨利潤GAAP轉非GAAP調整後合併EBITDA調和表
(以千爲單位)
(未經審計)
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||||||
9/30/2024 |
9/30/2024 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
|||||||||||||||
GAAP Net Income (Loss) |
$ |
(8,310) | $ |
(2,311) | $ |
(2,186) | $ |
(2,328) | $ |
(1,485) | |||||||||
Non-GAAP Adjustments: |
|||||||||||||||||||
Discontinued operations |
2,058 |
135 |
(167) | 213 |
1,877 |
||||||||||||||
Changes in fair value; realized gains/losses (1) |
512 |
(176) | 60 |
411 |
217 |
||||||||||||||
Employee related expenses (2) |
2,624 |
990 |
412 |
467 |
755 |
||||||||||||||
Other items (3) |
2,688 |
956 |
590 |
61 |
1,081 |
||||||||||||||
Depreciation, amortization, tax and interest expense |
10,459 |
3,343 |
3,659 |
3,280 |
177 |
||||||||||||||
Total Non-GAAP Adjustments |
18.341 |
5,248 |
4,554 |
4,432 |
4,107 |
||||||||||||||
Non-GAAP Adjusted Consolidated EBITDA |
$ |
10,031 |
$ |
2,937 |
$ |
2,368 |
$ |
2,104 |
$ |
2,622 |
12個月結束。 |
截至三個月的時間 |
||||||||||||||||||
2024年9月30日 |
2024年9月30日 |
2024年6月30日 |
2024年3月31日 |
12/31/2023 |
|||||||||||||||
GAAP淨利潤(損失) |
$ |
(8,310) | $ |
(2,311) | $ |
(2,186) | $ |
(2,328) | $ |
(1,485) | |||||||||
非GAAP調整: |
|||||||||||||||||||
停止運營的業務 |
2,058 |
135 |
(167) | 213 |
1,877 |
||||||||||||||
公允價值變動;實現利潤/損失(1) |
512 |
(176) | 60 |
411 |
217 |
||||||||||||||
員工相關費用 (2) |
2,624 |
990 |
412 |
467 |
755 |
||||||||||||||
其他項目 (3) |
2,688 |
956 |
590 |
61 |
1,081 |
||||||||||||||
折舊、攤銷、稅費和利息支出 |
10,459 |
3,343 |
3,659 |
3,280 |
177 |
||||||||||||||
總體非GAAP調整。 |
18.341 |
5,248 |
4,554 |
4,432 |
票據應收款的支付 |
||||||||||||||
非通用會計調整合並息稅折舊攤銷前利潤 |
$ |
10,031 |
$ |
2,937 |
$ |
2368 |
$ |
2,104 |
$ |
開空期租賃成本 |
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
|||||||||||||||
GAAP Net Income (Loss) |
$ |
8,158 |
$ |
(675) | $ |
(1,667) | $ |
27,839 |
$ |
(17,339) | |||||||||
Non-GAAP Adjustments: |
|||||||||||||||||||
Discontinued operations |
15,339 |
(122) | (110) | (107) | 15,678 |
||||||||||||||
Changes in fair value; realized gains/losses (1) |
(2,155) | 174 |
(1,225) | 145 |
(1,249) | ||||||||||||||
Employee related expenses (2) |
1,900 |
479 |
368 |
383 |
670 |
||||||||||||||
Other items (3) |
4,090 |
334 |
1,633 |
591 |
1,532 |
||||||||||||||
Gain on extinguishment of debt (4) |
(31,616) | - |
- |
(31,616) | - |
||||||||||||||
Gain on sale of PWSC (5) |
(342) | (342) | - |
- |
- |
||||||||||||||
Depreciation, amortization, tax and interest expense |
14,447 |
2,450 |
2,780 |
5,164 |
4,053 |
||||||||||||||
Total Non-GAAP Adjustments |
1,663 |
2,973 |
3,446 |
(25,440) | 20,684 |
||||||||||||||
Non-GAAP Adjusted Consolidated EBITDA |
$ |
9,821 |
$ |
2,298 |
$ |
1,779 |
$ |
2,399 |
$ |
3,345 |
12個月結束。 |
截至三個月的時間 |
||||||||||||||||||
2023年9月30日 |
9/30/2023 |
2023年6月30日 |
2023年3月31日 |
12/31/2022 |
|||||||||||||||
GAAP淨利潤(損失) |
$ |
8,158 |
$ |
(675) | $ |
(1,667) | $ |
27,839 |
$ |
(17,339) | |||||||||
非GAAP調整: |
|||||||||||||||||||
停止運營的業務 |
15,339 |
(122) | (110) | (107) | 15,678 |
||||||||||||||
公允價值變動;已實現收益/損失(1) |
(2,155) | 174 |
(1,225) | 145 |
(1,249) | ||||||||||||||
員工相關費用 (2) |
1,900 |
479 |
368 |
383 |
670 |
||||||||||||||
其他項目 (3) |
4,090 |
334 |
1,633 |
591 |
1,532 |
||||||||||||||
償還債務收益 (4) |
(31,616) | - |
- |
(31,616) | - |
||||||||||||||
PWSC(5)出售所得 |
(342) | (342) | - |
- |
- |
||||||||||||||
折舊、攤銷、稅收和利息支出 |
14,447 |
2450 |
2,780 |
5,164 |
4,053 |
||||||||||||||
非通用會計調整總額 |
1,663 |
2,973 |
3,446 |
(25,440) | 20,684 |
||||||||||||||
非通用調整後的綜合息稅折舊攤銷前利潤 |
$ |
9,821 |
$ |
2,298 |
$ |
1,779 |
$ |
2,399 |
$ |
3,345 |
(1) |
Includes realized and unrealized gains and losses on non-core investments; change in the fair value of subordinated debt (net of the portion of the change attributable to instrument-specific credit risk); unrealized gain on the change in fair value of the trust preferred security options; and change in the fair value of the Ravix earn-out (changes in fair value recorded as other income or expense). |
(2) |
Employee related expenses includes charges relating to severance and consulting agreements pertaining to former key employees; non-cash expense arising from the grant and modification of stock-based awards to employees; and costs associated with employees assisting during a transition period and are not expected to be replaced once transition period has ended (approximately one year from acquisition date). |
(3) |
Other items include: legal expenses associated with the Company's defense against significant litigation matters; acquisition and disposition-related expenses; expense relating to the settlement of all remaining Amigo claims; and other non-recurring items. |
(4) |
Gain on extinguishment of debt consists of a $31.6 million gain related to the repurchase of TruPs debt having a principal amount of $75.5 million and results from removing the fair value of the debt ($56.1 million), deferred interest payable ($23.0 million) and accumulated other comprehensive income ($27.2 million) liabilities; the trust preferred debt repurchase options ($17.7 million) and accrued income receivable ($0.6 million) assets. See Note 11 "Debt," to the unaudited consolidated interim financial statements, for further discussion. |
(5) |
Gain on sale of PWSC, net of transaction expenses that are included in consolidated operating expenses, as well as income taxes associated with the sale. |
(1) |
包括對非核心投資的已實現和未實現收益和損失;次級債務公允價值變動(減去歸因於特定工具信用風險的變動部分);信託優先證券期權公允價值變動未實現收益;以及Ravix earn-out公允價值變動(公允價值變動記入其他收入或費用)。 |
(2) |
員工相關費用包括與解僱和諮詢協議有關的費用,涉及前任主要員工的股權獎勵發放和修改產生的非現金費用;以及與員工在過渡期間提供幫助相關的成本,過渡期結束後不會被替代的員工(從收購日期起約一年)。 |
(3) |
其他項目包括:公司應對重大訴訟事項的法律費用;與收購和處置相關的費用;與解決剩餘所有Amigo索賠相關的費用;以及其他非經常性項目。 |
(4) |
Gain on extinguishment of debt consists of a $3160萬 gain related to the repurchase of TruPs debt having a principal amount of $7550萬 and results from removing the fair value of the debt ($5610萬), deferred interest payable ($2300萬) and accumulated other comprehensive income ($2720萬) liabilities; the trust preferred debt repurchase options ($1770萬) and accrued income receivable ($60萬) assets. See Note 11 "Debt," to the unaudited consolidated interim financial statements, for further discussion. |
當社は各種エレクトロニクス機器において幅広く使われている電子材料の「フェライト」を事業化する目的で1935年に設立されました。主力製品は、積層セラミックコンデンサ、アルミ電解コンデンサ、フィルムコンデンサ、インダクタ、フェライトコア、高週波部品、ピエゾおよび保護部品等の各種受動部品をはじめ、溫度、圧力、磁気、MEMSセンサなどのセンサおよびセンサシステムがあります。さらに、磁気ヘッドや電源、二次電池などです。これらの製品ブランドとしては、TDK、EPCOS、InvenSense、Micronas、Tronics、TDK-Lambdaがあります。 |
Gain on sale of PWSC, net of transaction expenses that are included in consolidated operating expenses, as well as income taxes associated with the sale. |
Kingsway Financial Services Inc.
Reconciliation of Extended Warranty Segment Operating Income to
Non-GAAP Adjusted EBITDA and Pro Forma Non-GAAP Adjusted EBITDA
(in thousands)
(UNAUDITED)
Kingsway Financial Services Inc.
Reconciliation of Extended Warranty Segment Operating Income to
Non-GAAP Adjusted EBITDA and Pro Forma Non-GAAP Adjusted EBITDA
(以千爲單位)
(未經審計)
Twelve Months Ended |
For the Three Months Ended |
|||||||||||||||
9/30/2024 |
9/30/2024 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
||||||||||||
GAAP Operating Income for Extended Warranty segment |
$ |
6,405 |
$ |
1,704 |
$ |
1,244 |
$ |
1,076 |
$ |
2,381 |
||||||
Non-GAAP Adjustments: |
||||||||||||||||
Investment income (1) |
1,254 |
327 |
315 |
311 |
301 |
|||||||||||
Gain (loss) on sale of investments (2) |
28 |
- |
6 |
9 |
13 |
|||||||||||
Depreciation |
211 |
41 |
56 |
52 |
62 |
|||||||||||
Total Non-GAAP Adjustments |
1,493 |
368 |
377 |
372 |
376 |
|||||||||||
Non-GAAP adjusted EBITDA for Extended Warranty segment |
$ |
7,898 |
$ |
2,072 |
$ |
1,621 |
$ |
1,448 |
$ |
2,757 |
12個月結束。 |
截至三個月的時間 |
|||||||||||||||
2024年9月30日 |
2024年9月30日 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
||||||||||||
延長保修業務的美國通用會計準則營業利潤 |
$ |
6,405 |
$ |
1,704 |
$ |
1,244 |
$ |
1,076 |
$ |
2,381。 |
||||||
非GAAP調整: |
||||||||||||||||
投資收入 (1) |
1,254 |
327 |
315 |
311 |
301 |
|||||||||||
投資出售盈利(虧損)(2) |
28 |
- |
6 |
9 |
13 |
|||||||||||
折舊費用 |
211 |
41 |
56 |
52 |
62 |
|||||||||||
非營收調整總計 |
1,493 |
368 |
377 |
372 |
376 |
|||||||||||
延長保修部門的非GAAP調整後的EBITDA |
$ |
7,898 |
$ |
2,072 |
$ |
1,621 |
$ |
1,448 |
$ |
2,757 |
Twelve Months Ended |
For the Three Months Ended |
|||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
||||||||||||
GAAP Operating Income for Extended Warranty segment |
$ |
7,361 |
$ |
1,778 |
$ |
1,392 |
$ |
1,432 |
$ |
2,759 |
||||||
Non-GAAP Adjustments: |
||||||||||||||||
Investment income (1) |
953 |
273 |
256 |
231 |
193 |
|||||||||||
Gain (loss) on sale of investments (2) |
101 |
14 |
12 |
98 |
(23) | |||||||||||
Depreciation |
244 |
57 |
62 |
64 |
61 |
|||||||||||
Total Non-GAAP Adjustments |
1,298 |
344 |
330 |
393 |
231 |
|||||||||||
Non-GAAP adjusted EBITDA for Extended Warranty segment |
$ |
8,659 |
$ |
2,122 |
$ |
1,722 |
$ |
1,825 |
$ |
2,990 |
12個月結束。 |
截至三個月的時間 |
|||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
||||||||||||
延長保修業務的美國通用會計準則運營收入 |
$ |
7,361 |
$ |
1,778 |
$ |
1,392 |
$ |
1,432 |
$ |
2,759 |
||||||
非GAAP調整: |
||||||||||||||||
投資收益(1) |
953 |
273 |
256 |
231 |
193 |
|||||||||||
投資出售盈利(虧損)(2) |
101 |
14 |
12 |
98 |
(23) | |||||||||||
折舊費用 |
244 |
57 |
62 |
64 |
61 |
|||||||||||
Total Non-GAAP Adjustments |
1,298 |
344 |
330 |
393 |
231 |
|||||||||||
延長保修業務的非通用會計調整後的EBITDA |
$ |
8,659 |
$ |
2,122 |
$ |
1,722 |
$ |
1,825 |
$ |
2,990 |
(1) |
Investment income arising as part of Extended Warranty segment's minimum holding requirements. |
(2) |
Realized Gains (losses) resulting from investments either held in trust as part of Extended Warranty segment's minimum holding requirements or from the deployment of excess cash. |
(1) |
作爲延長保修業務部門最低持有要求的一部分產生的投資收入。 |
(2) |
由於投資要求中的擴展保修部分最低持有要求或者利用多餘現金而產生的已實現收益(虧損)。 |
Kingsway Financial Services Inc.
Reconciliation of KSX Segment Operating Income to Non-GAAP Adjusted EBITDA
(in thousands)
(UNAUDITED)
匯富金融服務股份有限公司。
KSX部門營業收入與非GAAP調整後的EBITDA的調解。
(以千爲單位)
(未經審計)
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||
9/30/2024 |
9/30/2024 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
|||||||||||
GAAP Operating Income for KSX segment |
$ |
4,984 |
$ |
1,144 |
$ |
1,441 |
$ |
1,343 |
$ |
1,056 |
|||||
Non-GAAP Adjustments: |
|||||||||||||||
Employee costs (1) |
525 |
120 |
139 |
138 |
128 |
||||||||||
Investment income (2) |
117 |
27 |
68 |
10 |
12 |
||||||||||
Depreciation (3) |
290 |
22 |
180 |
64 |
24 |
||||||||||
Total Non-GAAP Adjustments |
932 |
169 |
387 |
212 |
164 |
||||||||||
Non-GAAP adjusted EBITDA for KSX segment |
$ |
5,916 |
$ |
1,313 |
$ |
1,828 |
$ |
1,555 |
$ |
1,220 |
12個月結束。 |
截至三個月的時間 |
||||||||||||||
2024年9月30日 |
2024年9月30日 |
6/30/2024 |
3/31/2024 |
12/31/2023 |
|||||||||||
KSX板塊的GAAP運營收入 |
$ |
4,984 |
$ |
1,144 |
$ |
1,441 |
$ |
1,343 |
$ |
1,056 |
|||||
非GAAP調整: |
|||||||||||||||
員工成本 (1) |
525 |
120 |
139 |
138 |
128 |
||||||||||
投資收益 (2) |
117 |
27 |
68 |
10 |
12 |
||||||||||
折舊 (3) |
290 |
22 |
180 |
64 |
24 |
||||||||||
非通用會計調整總額 |
932 |
169 |
387 |
212 |
164 |
||||||||||
Non-GAAP adjusted EBITDA for KSX segment |
$ |
5,916 |
$ |
1,313 |
$ |
1,828 |
$ |
1,555 |
$ |
1,220 |
Twelve Months Ended |
For the Three Months Ended |
||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
|||||||||||
GAAP Operating Income for KSX segment |
$ |
5,322 |
$ |
1,003 |
$ |
1,616 |
$ |
1,577 |
$ |
1,126 |
|||||
Non-GAAP Adjustments: |
|||||||||||||||
Employee costs (1) |
322 |
87 |
78 |
87 |
70 |
||||||||||
Investment income (2) |
43 |
15 |
17 |
11 |
- |
||||||||||
Total Non-GAAP Adjustments |
365 |
102 |
95 |
98 |
70 |
||||||||||
Non-GAAP adjusted EBITDA for KSX segment |
$ |
5,687 |
$ |
1,105 |
$ |
1,711 |
$ |
1,675 |
$ |
1,196 |
12個月結束。 |
截至三個月的時間 |
||||||||||||||
9/30/2023 |
9/30/2023 |
6/30/2023 |
3/31/2023 |
12/31/2022 |
|||||||||||
KSX板塊的美國通用會計淨營業收入 |
$ |
5,322 |
$ |
1,003 |
$ |
1,616 |
$ |
1,577 |
$ |
1,126 |
|||||
非GAAP調整: |
|||||||||||||||
員工成本 (1) |
322 |
87 |
78 |
87 |
70 |
||||||||||
投資收入 (2) |
43 |
15 |
17 |
11 |
- |
||||||||||
非通用會計準則調整總額 |
365 |
102 |
95 |
98 |
70 |
||||||||||
KSX板塊的非GAAP調整EBITDA |
$ |
費用: |
$ |
1,105 |
$ |
1,711 |
$ |
1,675 |
$ |
1,196 |
(1) |
Costs associated with employees assisting during a transition period and are not expected to be replaced once transition period has ended (approximately one year from acquisition date). |
(2) |
Investment income from interest on client deposits (Ravix, CSuite), as well as imputed interest on long-term software contracts (SPI) |
(3) |
The June 30, 2024 quarter includes a one-time catch-up for depreciation associated with the finalization of the DDI purchase accounting |
(1) |
與員工協助過渡期間相關的成本,預計過渡期結束後不會被替換 (大約從收購之日起一年)。 |
(2) |
客戶存款利息收入(Ravix、CSuite)以及長期軟件合同(SPI)的應計利息 |
(3) |
2024年6月30日季度包含一次性跟隨折舊,涉及DDI購買會計的最終確定 |
SOURCE: Kingsway Financial Services Inc.
來源:匯富金融服務
譯文內容由第三人軟體翻譯。