Q: Please comment on earnings from GSY, SIS, KXS Thanks.
5i Research Answer:
GSY EPS was $3.28, ahead of estimates of $3.17. Revenue was $302.9M, in line with estimates. EBITDA of $135.5M was 16% ahead of estimates. Revenue rose 20% to a record. New clients surged, likely as smaller competitors had trouble with new interest rate laws. Loss control was solid, with charge offs at 9.1%. These were very good results, in our view, considering recent legislative changes to the industry. GSY has shown it can still grow nicely in the new environment.
SIS and KXS are posted;