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Jun 30, 2024
Stewart Q2 2024 Earnings Report
Reported an increase in revenues driven by solid topline results in several core businesses, but remained impacted by a continued difficult housing market.
Key Takeaways
Stewart Information Services Corporation reported net income attributable to Stewart of $17.3 million ($0.62 per diluted share) for the second quarter 2024, compared to $15.8 million ($0.58 per diluted share) for the second quarter 2023. On an adjusted basis, second quarter 2024 net income was $25.4 million ($0.91 per diluted share) compared to $25.8 million ($0.94 per diluted share) in the second quarter 2023.
Second quarter revenues increased compared to the second quarter of last year, driven by solid topline results in several core businesses.
The company remains impacted by a continued difficult housing market.
The company is focused on achieving its strategic goals and continues to invest in itself.
The company is pursuing growth and margin improvement across all lines of business.
Stewart
Stewart
Stewart Revenue by Segment
Stewart Revenue by Geographic Location
Revenue by Segment
Title Segment Operating Revenues Revenue
CapyFin.comReal Estate Solutions Revenues Revenue
CapyFin.comRevenue by Geographic Location
Domestic Non-commercial Revenue
CapyFin.comInternational Non-commercial Revenue
CapyFin.comDomestic Commercial Revenue
CapyFin.comInternational Commercial Revenue
CapyFin.com Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
Visualization of income flow from segment revenue to net income