Loading...
•
Sep 30, 2021
Stewart Q3 2021 Earnings Report
Reported an increase in operating revenues and net income compared to the prior year quarter.
Key Takeaways
Stewart Information Services Corporation reported strong Q3 2021 results, with operating revenues increasing by 41% to $829.8 million and net income rising to $88.7 million, driven by healthy residential markets and improving commercial trends.
Operating revenues increased by $239.1 million, or 41 percent, compared to the prior year quarter, reaching $829.8 million.
Net income was $88.7 million ($86.4 million on an adjusted basis) compared to $55.9 million in the prior year quarter.
Diluted EPS was $3.26 ($3.17 on an adjusted basis) compared to prior year quarter diluted EPS of $2.21.
Pretax income before noncontrolling interests was $116.4 million compared to $76.3 million for the third quarter 2020.
Stewart
Stewart
Stewart Revenue by Segment
Revenue by Segment
Title Segment Operating Revenues Revenue
CapyFin.com Forward Guidance
While acknowledging the uncertainty that future market conditions hold, Stewart remains bullish on underlying purchase market trends and the opportunity increased commercial activity should offer in the foreseeable future and remains committed to taking advantage of these market conditions while building a stable and resilient business over the full real estate cycle.