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Mar 31, 2020
Stewart Q1 2020 Earnings Report
Reported a net income increase and title revenues increase compared to the prior year quarter.
Key Takeaways
Stewart Information Services Corporation reported a net income attributable to Stewart of $5.2 million ($0.22 per diluted share) for the first quarter 2020, compared to a net loss attributable to Stewart of $6.8 million ($0.29 per diluted share) for the first quarter 2019. Title revenues of $440.3 million, an increase of $64.2 million, or 17 percent, compared to the prior year quarter.
Title revenues increased by 17% compared to the prior year quarter.
Net income was $5.2 million versus net loss of $6.8 million in the prior year quarter.
Diluted EPS was $0.22 compared to diluted EPS of -$0.29 in the prior year quarter.
The company enacted its business continuity plan in early March, remaining open for business to underwrite and close real estate transactions.
Stewart
Stewart
Stewart Revenue by Segment
Revenue by Segment
Title Segment Operating Revenues Revenue
CapyFin.com Forward Guidance
The company will continue to carefully monitor the impact of the COVID-19 pandemic on the industry and economy and provide customers with the necessary services.