Kingsway Financial Services

Kingsway Financial Services, Inc. operates as a holding company. The firm engages in the provision of financial services. It operates through the following segments: Extended Warranty and Leased Real Estate. The Extended Warranty segment provides after-market vehicle protection services distributed by credit unions. The Leased Real Estate segment leases a real property to a third party pursuant to a long-term triple net lease. The company was founded on September 19, 1989 and is headquartered in Chicago, IL.

Earnings data Q1 2021

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Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Kingsway Financial Services reports strong 2022 performance and growth prospects

KFS's 2022 performance reflects a strategic shift towards operational efficiency, growth, and financial stability, supported by positive market reception and improved financial results.
While challenges like managing debt levels persist, the company's strengths in balance sheet management, strategic acquisitions, and operational performance position it well for future growth.
Opportunities lie in leveraging recent acquisitions, attracting talent, and utilizing available financial resources to drive innovation, expansion, and value creation.

Kingsway Financial Services excels in Q1 2023, eyes strategic growth

KFS delivered robust financial performance in Q1 2023, emphasizing balance sheet strength and growth initiatives. The company's focus on strategic capital allocation, share repurchases, and new acquisitions positions it well for future expansion.

Kingsway Financial Services reports solid Q2 growth and acquisition focus

KFS delivered strong Q2 performance with revenue and adjusted EBITDA growth.
Strategic focus on acquisitions, debt reduction, and maintaining a robust acquisition pipeline.
Challenges in Extended Warranty segment offset by opportunities in Search Xcelerator and KSX segments.

KFS reports mixed Q3 results, eyes sustained growth post-acquisitions

KFS reported mixed Q3 results with revenue growth but lower adjusted EBITDA, impacted by claims and macroeconomic challenges.
Recent acquisitions and a focus on operational excellence present opportunities for sustained growth and increased EBITDA run rate.
Challenges include distractions in business development and the need to carefully manage interest coverage for acquisition pipeline stability.

Kingsway Financial Services reports solid 2023 results and eyes growth

Kingsway Financial Services delivered strong financial results in 2023, with successful acquisitions driving growth and demonstrating potential for further expansion. Despite challenges in the Extended Warranty segment, the company's strategic initiatives and focus on financial stability position it well for future opportunities in software and healthcare markets.

Kingsway Financial Services reports steady Q1 performance and eyes acquisitions

KFS's Q1 2024 performance was stable, with growth in the KSX segment and challenges in the extended warranty segment. The company is optimistic about future financial results, aiming for new acquisitions and maintaining a strong cash position.

Kingsway Financial Services reports revenue and EBITDA growth in Q2

KFS demonstrated overall revenue and EBITDA growth across segments, reflecting a positive operational performance.
Strategic acquisitions and focus on maintaining EBITDA levels indicate a forward-looking growth strategy.
While challenges exist in debt management and operational integration, opportunities in revenue expansion and profitability are evident.

Kingsway Financial Services reports robust Q3 growth and strategic acquisitions

KFS delivered a strong Q3 performance with revenue and EBITDA growth, driven by Extended Warranty and KSX segments.
Acquisition of Image Solutions and new OIR Rob Casper's appointment signal strategic growth initiatives and market resilience.
While challenges like warranty yield reduction exist, KFS is well-positioned to capitalize on opportunities for expansion and market presence.

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Kingsway Financial Services Inc. (NYSE:KFS ) Q3 2024 Earnings Conference Call November 6, 2024 5:00 PM ET Company Participants James Carbonara - Investor Relations John Fitzgerald - Chief Executive Officer Kent Hansen - Executive Vice President & Chief Financial Officer Conference Call Participants Joshua Horowitz - Palm Ventures Adam Patinkin - David Capital Operator Good day and welcome to the Kingsway Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode.

Kingsway Financial Services Inc. (KFS) Q3 2024 Earnings Call Transcript

Kingsway Financial's third-quarter fiscal 2024 performances were driven by strength in both segments.

KFS Stock Falls Following Q3 Earnings Decline, Revenues Up Y/Y

Management to Host Conference Call Today at 5 p.m. ET CHICAGO, IL / ACCESSWIRE / November 6, 2024 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company") today announced its operating results for the three and nine months ended September 30, 2024.

Kingsway Reports Third Quarter 2024 Financial Results

CHICAGO, IL / ACCESSWIRE / October 31, 2024 / Kingsway Financial Services Inc. (NYSE:KFS)("Kingsway" or the "Company") today announced that it will report financial results for the three and nine months ended September 30, 2024, after the close of trading on Wednesday, November 6, 2024. Management will host a conference call at 5 p.m.

Kingsway to Report Financial Results for Third Quarter 2024 On November 6

CHICAGO, IL / ACCESSWIRE / October 30, 2024 / (NYSE:KFS) Kingsway Financial Services. ("Kingsway" or the "Company") today announced that Rob Casper has joined as the Company's newest Operator-in-Residence within the Kingsway Search Xcelerator Segment ("KSX").

Kingsway Search Xcelerator Announces New OIR Robert Casper

Kingsway Financial Services Inc. (NYSE:KFS ) Acquisition of Image Solutions LLC Conference October 16, 2024 5:00 PM ET Company Participants James Carbonara - Hayden IR John T. Fitzgerald - Chief Executive Officer Kent A.

Kingsway Financial Services Inc. (KFS) CEO John T. Fitzgerald Hosts Acquisition of Image Solutions LLC Conference (Transcript)

Management to Host Conference Call Wednesday, October 16, at 5 p.m. ET Expected to be immediately accretive Adds $9.8 million of annual unaudited revenue and $3.1 million of annual unaudited adjusted EBITDA Capital light, highly recurring revenue business in stable and growing market Latest acquisition under the Kingsway Search Xcelerator platform CHICAGO, IL / ACCESSWIRE / September 27, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced the acquisition of Image Solutions LLC ("Image Solutions"), an information technology managed services provider (IT MSP) for $19.5 million, plus transaction expenses and a working capital adjustment, in an all-cash transaction funded with cash on hand and $7.75 million in debt financing.

Kingsway Announces $19.5 Million Acquisition of Image Solutions LLC

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Discover why Zacks rates Kingsway Financial as "Neutral", being the first on Wall Street to initiate coverage on the stock. Explore KFS' strategic growth initiatives and financial health amid market challenges.

Zacks Initiates Coverage of Kingsway Financial With Neutral Recommendation

Kingsway Financial Services Inc. (NYSE:KFS ) Q2 2024 Earnings Conference Call August 6, 2024 5:00 PM ET Company Participants James Carbonara - Investor Relations John T. Fitzgerald - Chief Executive Officer Kent A.

Kingsway Financial Services Inc. (KFS) Q2 2024 Earnings Call Transcript

Management to Host Conference Call Today at 5 p.m. ET CHICAGO, IL / ACCESSWIRE / August 6, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the three and six months ended June 30, 2024.

Kingsway Reports Second Quarter 2024 Financial Results

CHICAGO, IL / ACCESSWIRE / July 31, 2024 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company") today announced that it will report financial results for the three and six months ended June 30, 2024, after the close of trading on Tuesday, August 6, 2024. Management will host a conference call at 5 p.m.

Kingsway To Report Financial Results For Second Quarter 2024 On August 6

Kingsway Financial Services Inc. (NYSE:KFS ) Q1 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants James Carbonara - Investor Relations JT Fitzgerald - Chief Executive Officer Kent Hansen - Chief Financial Officer Conference Call Participants Adam Patinkin - David Capital Partners Douglas Ott - Andvari Associates Operator Good day. And welcome to the Kingsway First Quarter 2024 Earnings Call.

Kingsway Financial Services Inc. (KFS) Q1 2024 Earnings Call Transcript

Management to Host Conference Call Today at 5 p.m. ET Management to Host Investor Day on Monday, May 20 in New York City CHICAGO, IL / ACCESSWIRE / May 8, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the three months ended March 31, 2024.

Kingsway Reports First Quarter 2024 Financial Results

CHICAGO, IL / ACCESSWIRE / May 3, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it will report financial results for the three months ended March 31, 2024, after the close of trading on Wednesday, May 8, 2024. Management will host a conference call at 5 p.m.

Kingsway To Report Financial Results for First Quarter 2024 on May 8

CHICAGO, IL / ACCESSWIRE / May 1, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") announced today that a letter to its shareholders from John T. Fitzgerald, the Company's President and CEO, has been made available (the "Letter").

Kingsway Announces Availability of Annual Letter to Shareholders

CHICAGO, IL / ACCESSWIRE / April 24, 2024 / Kingsway Financial Services Inc. ("Kingsway" or the "Company") (NYSE:KFS) today announced that CEO John T. Fitzgerald will host a fireside chat with Will Thorndike at its Investor Day in New York City on Monday, May 20, 2024.

Kingsway Announces Fireside Chat With Will Thorndike at Its Investor Day at the New York Stock Exchange on Monday, May 20, 2024

CHICAGO, IL / ACCESSWIRE / April 9, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced that it will host an Investor Day following their Annual General Meeting of shareholders in New York City on Monday, May 20, 2024. President and Chief Executive Officer, John T.

Kingsway to Host Investor Day at the New York Stock Exchange on Monday, May 20, 2024

Kingsway Financial Services Inc. (NYSE:KFS) Q4 2023 Results Conference Call March 5, 2024 5:00 PM ET

Kingsway Financial Services Inc. (KFS) Q4 2023 Earnings Call Transcript

Management to Host Conference Call Today at 5 p.m. ET Save the Date: Kingsway to also Host Investor Day at the New York Stock Exchange on May 20, 2024 CHICAGO, IL / ACCESSWIRE / March 5, 2024 / (NYSE:KFS) Kingsway Financial Services Inc. ("Kingsway" or the "Company") today announced its operating results for the twelve months ended December 31, 2023, and announces its 2024 Investor Day will take place on May 20, 2024, at the New York Stock Exchange.

Kingsway Reports Full Year 2023 Financial Results

CHICAGO, IL / ACCESSWIRE / February 29, 2024 / Kingsway Financial Services Inc. ("Kingsway" or the "Company") (NYSE:KFS) today announced that it will report financial results for the twelve months ended December 31, 2023, after the close of trading on Tuesday, March 5, 2024. Management will host a conference call at 5 p.m.

Kingsway to Report Financial Results for Full Year 2023 on March 5, 2024

CHICAGO, IL / ACCESSWIRE / January 16, 2024 / Kingsway Financial Services Inc. (NYSE:KFS) ("Kingsway" or the "Company") today announced that a new investor presentation has been published to the Company's website. The presentation, which provides an overview of the Company's business, industry, financials and other relevant information, can be accessed and downloaded by visiting the investor relations section of the Company's website at: https://kingsway-financial.com/events-presentations/ About the Company Kingsway is a holding company that owns or controls subsidiaries primarily in the extended warranty and business services industries.

Kingsway Publishes Updated Investor Presentation To Company Website

Kingsway Financial Services Inc. (NYSE:KFS ) Q3 2023 Results Conference Call November 7, 2023 5:00 PM ET Company Participants JT Fitzgerald - CEO Kent Hansen - CFO James Carbonara - Partner, IR Strategy & Operations Conference Call Participants Adam Patinkin - David Capital Operator Good day, and welcome to the Kingsway Third Quarter 2023 Earnings Call. [Operator Instructions] With me on the call are JT Fitzgerald, Chief Executive Officer; and Kent Hansen, Chief Financial Officer.

Kingsway Financial Services Inc. (KFS) Q3 2023 Earnings Call Transcript

The company has announced two acquisitions over the past two months, the first ones under its KSx program since November 2022. While they were made at higher multiples than before, Kingsway's EV/EBITDA ratio should improve. Kingsway now has an adjusted EBITDA run-rate of around $20 million, and I think the company should be trading at above 12x EV/EBITDA.

Kingsway: Run-Rate Adjusted EBITDA Of $20 Million As Acquisitions Resume (Rating Upgrade)

Management to Host Conference Call Today at 5 p.m. ET Fourth acquisition under the Kingsway Search Xcelerator Program, first in 2023 High margin, capital light, recurring revenue business VMS formation creates a platform for future vertical market software acquisitions CHICAGO , Sept.

KINGSWAY ANNOUNCES FORMATION OF VERTICAL MARKET SOLUTIONS, LLC ("VMS") AND ACQUISITION OF SYSTEMS PRODUCTS INTERNATIONAL, INC. / KINGSWAY SEARCH XCLERATOR ANNOUNCES ADDITION OF MILES MAMON

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