Reorg’s Q2 2024 U.S. Earnings Analytics Report Shows Top-Line Growth Continues to Decelerate Year Over Year
September 17 2024 - 8:30AM
Business Wire
EBITDA growth picks up after a nine-quarter
deceleration streak, and interest coverage increased quarter over
quarter
Reorg, the leading provider of global credit intelligence and
data, has released its Q2 2024 U.S. Earnings Analytics Report of
private and public sub-investment grade borrowers. The report found
that the median U.S. company’s top-line growth continued to
decelerate year over year, while EBITDA growth finally picked up
after dropping for nine quarters in a row. Interest coverage also
increased marginally quarter over quarter. The report is crafted by
Reorg’s team of expert analysts using data from Fundamentals by
Reorg™, a “full-universe” coverage, proprietary financial data
platform with more than 10 years of historical data covering all
U.S. and European high yield and leveraged loan issuers.
Highlights from the Q2 2024 U.S. Earnings Analytics
Report:
- Revenue: During the quarter, companies’ top-line growth
continued to decelerate, with half of the industries also posting
negative year-over-year changes.
- EBITDA: Median company EBITDA growth was 4.5%, up over
the first quarter and breaking an EBITDA growth tightening trend
that started in the first quarter of 2022.
- Resilience in the face of inflation: The median company
continued to offset the effect of inflation by marginally improving
the gap between inflation and EBITDA year-over-year growth.
- Sector winners and losers: Financial companies continued
to lead top-line growth among the sectors, while commodity-exposed
industries, such as energy and materials, experienced negative
growth.
- Interest coverage trend of declines reversed after eight
quarters, ticking up quarter over quarter by 0.2 times.
For an in-depth exploration of the second-quarter 2024 report,
access this link.
In July 2024, Reorg released the first edition of its
market-leading quarterly report on earnings analytics, covering
over 2,500 high-yield bonds and leveraged loans issuers. The only
one of its kind in the credit industry, the report is available
exclusively to Reorg subscribers and delivers an unparalleled
overview of key trends and an exhaustive in-depth analysis across
both public and private issuers.
About Reorg
Founded in 2013, Reorg is the leading provider of global credit
intelligence and data for the world’s leading buy side firms,
investment banks, law firms and advisory firms. By surrounding
unparalleled human expertise with proven technology, data and AI
tools, Reorg unlocks powerful truths that fuel decisive action
across financial markets. Visit reorg.com to learn how we deliver
rigorously verified intelligence at speed and create a complete
picture for professionals across the entire credit lifecycle. Stay
current with Reorg on LinkedIn.
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version on businesswire.com: https://www.businesswire.com/news/home/20240917363604/en/
Drake Manning drake.manning@reorg.com
Katie Creaser Reorg@icrinc.com