Business
ISC Reports Another Year of Record Revenue and Adjusted EBITDA in Its Financial Results for 2024
Record revenue and adjusted EBITDA of $247.4 million and $90.3 million, respectively Reco...
About this update from Information Services Corp. Class A
[{"type":"text","content":"ISC Reports Another Year of Record Revenue and Adjusted EBITDA in Its Financial Results for 2024\n\n\n\n\n\n Record revenue and adjusted EBITDA of $247.4 million and $90.3 million, respectively\n \n\n\n\n Record high value transactions in the Saskatchewan Land Titles Registry and record revenue in the Services segment in 2024\n \n\n\n\n Strong start on goal to double the size of the Company on a revenue and adjusted EBITDA basis by 2028\n \n\n\n\n\n\n Capitalized terms that are used but not defined in this news release have the meaning ascribed to those terms in Management's Discussion & Analysis for the three and twelve months ended December 31, 2024.\n \n\n\n REGINA, Saskatchewan, March 17, 2025 (GLOBE NEWSWIRE) -- Information Services Corporation (TSX:ISC) (“ISC” or the “Company”) today reported on the Company’s financial results for the fourth quarter and year ended December 31, 2024.\n \n\n Commenting on ISC’s results, Shawn Peters, President and CEO stated, “With the first year of our five-year goal to double revenue and adjusted EBITDA by 2028 behind us, the foundation for the achievement of that goal has been firmly established in 2024.” Peters continued, “Our guidance for 2025 reflects continued organic growth in line with historical trends and while not included in our guidance, our disciplined M&A strategy is intended to support our 2028 growth targets as we continue to pursue new opportunities.”\n \n\n\n Fourth Quarter 2024 Highlights\n \n\n\n\n\n Revenue\n \n was $62.2 million for the quarter, an increase of 8 per cent compared to the fourth quarter of 2023. This increase was driven by increased volumes across the Saskatchewan Registries division of Registry Operations, record high-value property registrations in the Saskatchewan Land Titles Registry and new revenue related to the Bank Act Security Registry (“BASR”). Further contributing to this increase was the Services segment with growth in KYC and due diligence transactions in the Regulatory Solutions division and increased assignments and sales in the Recovery Solutions division.\n \n\n\n Net income\n \n was $5.3 million or $0.29 per basic share and $0.29 per diluted share for the quarter, compared to $5.7 million or $0.32 per basic share and diluted share in the fo...