First American Financial (FAF) Tops Q2 EPS by 16c, Beats on Revenues

First American Financial (NYSE: FAF) reported Q2 EPS of $1.09, $0.16 better than the analyst estimate of $0.93. Revenue for the quarter came in at $1.45 billion versus the consensus estimate of $1.41 billion.

Current Quarter Highlights

• Total revenue of $1.5 billion, up 7 percent compared with last year
• Title Insurance and Services segment pretax margin of 14.8 percent
• Purchase revenues up 12 percent compared with last year
• Average revenue per order up 8 percent
• Closed orders per day up 3 percent
• Commercial revenues of $177.8 million, up 7 percent compared with last year
• Title Insurance and Services segment loss provision rate of 4.0 percent
• Specialty Insurance segment total revenues up 10 percent, with a pretax margin of 8.3 percent
• Debt-to-capital ratio of 18.7 percent as of June 30, 2017
• Cash flow from operations of $228.5 million, up 13 percent compared with last year

For earnings history and earnings-related data on First American Financial (FAF) click here.

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