Kingsway Corp (NYSE:KWY)

Q2 2026 Kingsway Corp Earnings Call Transcript

Aug 6, 2026 / 09:00 PM GMT

Release Date Price: $9.08 (-0.87%)

Transcript 8-K10-Q

Key Points

Positve

Kingsway Corp (KWY) reported record quarterly adjusted EBITDA of $7.2 million in portfolio EBITDA, driven by strong performance in the KSX segment.
KSX segment achieved a quarterly record of $4.3 million in adjusted EBITDA, with adjusted EBITDA more than tripling over the last eight quarters.
The company successfully completed the acquisition of Romeo Computer Company (RCC), expanding Image Solutions' geographic footprint and adding a high-growth, recurring-revenue business.
Kingsway Corp (KWY) reaffirmed its 2026 targets of three to five acquisitions and double-digit organic growth, indicating confidence in its growth trajectory.
The sale of Trinity Warranty Solutions for $8 million (9.2x 2025 adjusted EBITDA) provides capital to redeploy into higher-growth KSX segment.

Negative

Kingsway Corp (KWY) faced covenant compliance issues at three operating subsidiaries, requiring waivers, though these are non-recourse and contained.
Southside, a subsidiary of Kingsway Skilled Trades, experienced a low six-figure write-down due to a legacy construction project, impacting Q2 results.
SNS, the nurse staffing business, continued to struggle with a challenging post-COVID industry downcycle, leading to a leadership change.
Roundhouse and Kingsway Skilled Trades reported flat quarter-over-quarter adjusted EBITDA, with timing issues deferring revenue to Q3.
The company incurred $1.4 million in noncash stock-based compensation expenses and a $600,000 one-time legal settlement, which weighed on reported earnings.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KWY.N - Kingsway Corp
Q2 2026 Kingsway Corp Earnings Call
Aug 06, 2026 / 09:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and welcome to the Kingsway Second Quarter 2026 Earnings Call.

At this time all participants are on a listen-only mode.

A question-and-answer session will follow the formal presentation.

Please note this conference is being recorded.

With me on the call are JT Fitzgerald, Chief Executive Officer, and Kent Hansen, Chief Financial Officer.

Before we begin, I'd like to remind everyone that today's conference may contain forward-looking statements.

Forward-looking statements include statements regarding the future, including expected revenue, operating margins, expenses, and future business outlook.

Actual results or trends could differ materially from those contemplated by

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