First American Financial (FAF) Reports In-Line Q1 EPS, Miss on Revenues

First American Financial (NYSE: FAF) reported Q1 EPS of $0.67, in-line with the analyst estimate of $0.67. Revenue for the quarter came in at $1.3 billion versus the consensus estimate of $1.32 billion.

Current Quarter Highlights

• Total revenue of $1.3 billion, down 1 percent compared with last year
• Title Insurance and Services segment pretax margin of 8.6 percent
• Purchase revenues up 8 percent compared with last year
  • Average revenue per order up 6 percent
  • Closed orders per day up 1 percent
• Commercial revenues of $152.9 million, up 5 percent compared with last year
• Specialty Insurance segment total revenues up 3 percent, with a pretax margin of 8.7 percent
• Debt-to-capital ratio of 17.4 percent as of March 31, 2018
• Cash flow from operations of $43.2 million, compared with $6.1 million last year

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

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