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Sep 30, 2020
Stewart Q3 2020 Earnings Report
Reported an increase in operating revenues and a decrease in net income compared to the prior year quarter.
Key Takeaways
Stewart Information Services Corporation reported Q3 2020 results with operating revenues of $590.7 million, a 16% increase compared to Q3 2019. Net income was $55.9 million, compared to $66.1 million in the prior year quarter. Diluted EPS was $2.21, compared to $2.78 in the prior year quarter.
Operating revenues increased by 16% compared to the prior year quarter.
Net income decreased compared to the prior year quarter.
Diluted EPS decreased compared to the prior year quarter.
The company closed two acquisitions in the quarter, with their benefits seen immediately in core title results.
Stewart
Stewart
Stewart Revenue by Segment
Revenue by Segment
Title Segment Operating Revenues Revenue
CapyFin.com Forward Guidance
No forward guidance provided in the earnings report.