Welcome to our dedicated page for Kingsway Finl news (Ticker: KFS), a resource for investors and traders seeking the latest updates and insights on Kingsway Finl stock.
Kingsway Financial Services Inc (NYSE/TSX: KFS) operates as a diversified holding company focused on strategic investments in extended warranty services and business solutions. This news hub provides investors and stakeholders with comprehensive updates on corporate developments, financial performance, and market positioning.
Access real-time announcements including quarterly earnings reports, acquisition activity, and leadership updates alongside analysis of operational milestones. The curated collection serves as a essential resource for tracking KFS's merchant banking initiatives through subsidiaries like 1347 Capital LLC and its expanding footprint in vehicle protection services.
Discover timely information on strategic partnerships, regulatory filings, and portfolio company developments. Content is organized to facilitate quick scanning while maintaining depth for fundamental analysis. Bookmark this page to monitor how KFS's dual focus on insurance-related assets and business services investments shapes long-term value creation.
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.
Kingsway Financial Services (NYSE:KFS) has announced the acquisition of M.L.C. Plumbing (Bud's Plumbing) for $5.0 million, plus transaction expenses and working capital adjustment. The deal was funded through cash and a $1.25 million seller note.
The century-old Bud's Plumbing, based in Evansville, Indiana, contributes $6.0 million in annual unaudited revenue and $0.8 million in annual unaudited adjusted EBITDA. The acquisition marks the formation of Plumbing Holdco (Kingsway Skilled Trades), with Rob Casper transitioning as CEO while current President Mark Corn will remain for a one-year transition period.
Bud's Plumbing, established in 1920, is the #1 Service and Repair plumbing company in its market, serving both residential and commercial customers. The company has earned 'Best of the Best' recognition in the Tri-State area for three consecutive years.
Kingsway Financial Services (NYSE:KFS) has announced plans to host an Investor Day following their Annual General Meeting on Monday, May 19, 2025, at the New York Stock Exchange. The event will feature presentations from key leadership, including President and CEO John T. Fitzgerald and EVP/CFO Kent A. Hansen.
The presentations will begin at 9:30 AM ET and run until approximately midday, covering topics such as company operations, long-term growth strategy, and financial structure. The event will be accessible both in-person (RSVP required) and virtually through the company's website.
Interested parties can attend virtually via live webcast featuring video, audio, and presentation slides at www.kingsway-financial.com. Both in-person and virtual attendees will have the opportunity to participate in a Q&A session following the presentation. Those wishing to attend in person must RSVP by emailing James@HaydenIR.com.
Kingsway Financial Services (NYSE:KFS) has announced the publication of a new investor presentation on their company website. The presentation includes comprehensive information about the company's business operations, industry overview, financial performance, and other relevant details. The presentation is accessible in the investor relations section of Kingsway's website.
Additionally, the company's management team will be presenting at the Sidoti Virtual Investor Conference on January 22, 2025, at 12:15pm ET. The presentation will be accessible via webcast, and management will be available for one-on-one meetings with investors during the conference.
Kingsway Financial Services (NYSE:KFS) has announced its participation in the upcoming Sidoti Virtual Investor Conference scheduled for January 22, 2025. The company's management will deliver a presentation at 12:15pm ET.
Interested parties can access the live webcast presentation through a registration link provided. Additionally, the management team will be available for one-on-one investor meetings during the conference. Investors seeking to schedule virtual meetings with management can do so by contacting their conference representative or reaching out via email to James@HaydenIR.com.
