Kingsway Financial Services ( (KFS) ) has shared an update.
Kingsway Financial Services reported a 5.9% increase in consolidated revenue for 2024, reaching $109.4 million, driven by growth in its KSX segment due to recent acquisitions. Despite a net loss of $8.3 million, the company saw improvements in adjusted EBITDA, reflecting effective operational execution and strategic asset acquisitions. The acquisition of Bud’s Plumbing is expected to contribute positively to revenue and EBITDA, aligning with Kingsway’s strategy to enhance its portfolio with cash flow generating businesses. The company remains optimistic about future acquisition opportunities and continues to focus on disciplined capital allocation to drive long-term value creation.
More about Kingsway Financial Services
Kingsway Financial Services Inc. operates in the financial services industry, focusing on extended warranty services and other asset-light businesses. The company has been expanding its market presence through strategic acquisitions, particularly in the KSX segment, which includes skilled trades services.
YTD Price Performance: -11.21%
Average Trading Volume: 38,129
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $201M
For detailed information about KFS stock, go to TipRanks’ Stock Analysis page.