Kingsway Finl Stock Price, News & Analysis

Kingsway Financial Services (NYSE:KFS) reported its Q1 2025 financial results, showing mixed performance. Consolidated revenue increased 8.4% to $28.3 million, driven by strong growth in its Kingsway Search Xcelerator (KSX) segment, which saw a 23.3% revenue increase to $11.7 million. Extended Warranty revenue remained flat at $16.7 million. The company reported a net loss of $3.1 million, wider than the $2.3 million loss in Q1 2024. Adjusted consolidated EBITDA decreased to $1.4 million from $2.1 million year-over-year. Notable acquisitions include Bud's Plumbing for $5.0 million and ViewPoint, a cloud-native timeshare software firm. The company's total net debt stood at $53.1 million as of March 31, 2025. Management expressed optimism about the Extended Warranty segment's recovery and highlighted a robust KSX deal pipeline.

Kingsway Financial Services (NYSE: KFS), the only publicly-traded US company using the Search Fund model for business acquisitions, has scheduled its Q1 2025 financial results announcement for Thursday, May 8, 2025, after market close. The company will host a conference call at 5 p.m. Eastern Time on the same day to discuss the results. Investors can join via toll-free number (877-545-0523; Code: 131755) or international line (973-528-0016; Code: 131755). A live webcast and replay will be available for those unable to attend the live call.

Kingsway Financial Services has announced that its subsidiary SPI Software has acquired ViewPoint, a cloud-native timeshare software company based in Mount Waverley, Australia, from RCI Pacific.

The strategic acquisition creates a global leader in vacation ownership software, combining SPI Software's established presence with ViewPoint's cloud-based solutions. The merger aims to accelerate product development and expand geographic reach in the vacation ownership software market.

Drew Richard, President of SPI Software, emphasized the complementary nature of both companies' offerings and their shared commitment to customer support. JT Fitzgerald, Kingsway's President and CEO, noted that SPI Software has achieved Rule-of-40 status through investments in products, people, and customer experience.

The transaction is immediately accretive to Kingsway's Adjusted EBITDA, though specific financial terms were not disclosed.

Kingsway Financial Services Inc. (NYSE:KFS), the only publicly-traded US company utilizing the Search Fund model for business acquisitions, has announced the publication of a new investor presentation on their company website. The presentation, which offers a comprehensive overview of the company's business strategy, is now available for access and download in the investor relations section at https://bit.ly/42KW6Ra.

Kingsway Financial Services (NYSE:KFS) has announced its participation in the upcoming Planet MicroCap Showcase: Vegas, partnering with MicroCapClub. The presentation is scheduled for Wednesday, April 23, at 8:00 AM PT. The company's management team will deliver a presentation and will be available for one-on-one meetings with investors during the conference. Interested parties can schedule meetings through their conference representative or by contacting James@HaydenIR.com.

Kingsway Financial Services (NYSE:KFS) has appointed Rob Humble as President and CEO of its dealer-focused auto warranty businesses, Preferred Warranties, Inc. (PWI) and Penn Warranty , effective immediately. Both companies operate within Kingsway's Extended Warranty segment.

The appointment comes as Brian Cosgrove, the outgoing President, resigns from his position after five years of service. JT Fitzgerald, Kingsway's President and CEO, emphasized that Humble's compensation structure and background align more closely with their Search Xcelerator CEOs, highlighting his proven track record in the warranty industry.

In his new role, Humble will focus on expanding product offerings, enhancing dealer partner and customer service, and driving business growth. The leadership transition aims to initiate the next phase of growth and innovation at PWI and Penn Warranty.

Kingsway Financial Services (NYSE:KFS) has appointed Adam J. Patinkin and Joshua S. Horowitz to its Board of Directors, with both directors to be nominated for election at the 2025 Annual Meeting of Shareholders. The appointments come at what the company describes as an 'inflection point' in its Search Xcelerator business.

The new directors bring experience in investment and business development, with a focus on creating shareholder value. Notably, affiliates of David Capital Partners have acquired a 9.2% stake in Kingsway through shares and options, while Palm Management affiliates have secured a 1.5% position. These positions were acquired through market purchases, not company-issued shares.

Kingsway positions itself as the only U.S.-listed company pursuing the 'Search Fund' strategy, operating a portfolio of asset-light service businesses with recurring revenues acquired through this model.

Kingsway Financial Services (NYSE:KFS) has announced a conference call scheduled for Tuesday, March 25, 2025, at 5:30 p.m. ET to discuss their recent acquisition of Bud's Plumbing. The company acquired the century-old plumbing service provider through their newly formed subsidiary, Plumbing Holdco ("Kingsway Skilled Trades").

The acquisition was completed for $5.0 million, plus transaction expenses and a working capital adjustment. The deal was financed through a combination of cash on hand and a $1.25 million seller note. Bud's Plumbing, operating as M.L.C. Plumbing , has been serving residential and commercial customers for over 100 years.

The conference call will include a live Q&A session, with investors having the option to submit questions via email to James@HaydenIR.com. The call will be accessible through both toll-free and international dial-in numbers, with replay options available.

Kingsway Financial Services (NYSE:KFS) reported its full year 2024 financial results, showing mixed performance. Consolidated revenue increased 5.9% to $109.4 million, with KSX revenue growing 15.7% to $40.5 million. However, the company posted a net loss of $8.3 million, compared to net income of $24.0 million in 2023.

The Extended Warranty segment revenue slightly increased to $68.9 million, while KSX growth was primarily driven by acquisitions of SPI, DDI, and Image Solutions. Adjusted consolidated EBITDA improved to $10.6 million from $9.1 million in the prior year.

The company completed several strategic moves, including the acquisition of Bud's Plumbing for $5 million plus additional considerations, and repurchased 355,750 shares for $2.8 million. Total net debt stood at $52.0 million as of December 31, 2024. In February 2025, KFS raised $6.0 million through a private placement of Class C Preferred Stock.