First American Financial (FAF) Reports Q3 EPS of $0.19, Beats on Revenues

First American Financial (NYSE: FAF) reported Q3 EPS of $0.19. Revenue for the quarter came in at $1.52 billion versus the consensus estimate of $1.51 billion.

Current Quarter Highlights

• Pension termination completed resulting in a $152.4 million expense, or 89 cents per diluted share
• Total revenue of $1.5 billion, up 1 percent compared with last year
• Title Insurance and Services segment pretax margin of 13.0 percent
• Purchase revenues up 10 percent compared with last year
• Average revenue per order up 7 percent
• Closed orders per day up 5 percent
• Commercial revenues of $175.5 million, up 6 percent compared with last year
• Title Insurance and Services segment loss provision rate of 4.0 percent
• Specialty Insurance segment total revenues up 8 percent, with a pretax margin of 5.2 percent
• Debt-to-capital ratio of 18.2 percent as of Sept. 30, 2017
• Title-related acquisitions closed totaling $87.3 million
• Cash flow from operations of $220.9 million

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

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