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Kingsway Financial Services Q2 Earnings Call Highlights
['Kim Johansen']
Markets Daily
Kingsway Financial Services (NYSE:KWY), now operating as Kingsway Corporation, reported second-quarter results that management described as its strongest operating performance since Chief Executive Officer JT Fitzgerald took the role.
KSX adjusted EBITDA rose 77.9% to a quarterly record of $4.3 million from $2.4 million a year earlier.
He said KSX adjusted EBITDA has more than tripled during the past eight quarters.
Roundhouse and Kingsway Skilled Trades typically benefit from second-quarter seasonality, but both reported flat adjusted EBITDA sequentially from the first quarter.
About Kingsway Financial Services (NYSE:KWY)Kingsway Financial Services Inc is a holding company that operates through a group of subsidiaries focused on extended warranty and specialty insurance-related services.