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Mar 31, 2020
ANGI Homeservices Q1 2020 Earnings Report
ANGI Homeservices reported Q1 revenue of $344 million and free cash flow increased $31.1 million to $42.7 million.
Key Takeaways
ANGI Homeservices released its first quarter results with Q1 revenue of $344 million. Free Cash Flow increased $31.1 million to $42.7 million due primarily due to favorable working capital and lower capital expenditures. The company recorded an income tax benefit of $9.0 million in Q1 2020 primarily due to an adjustment to the deferred taxes resulting from a true-up of the state tax rate.
Q1 2020 revenue was $344 million.
The company recorded an income tax benefit of $9.0 million in Q1 2020.
Free Cash Flow increased $31.1 million to $42.7 million.
ANGI Homeservices will audiocast a conference call to answer questions regarding its first quarter results on Thursday, May 7, 2020.
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