Horace Mann Educators (HMN) has announced its third-quarter earnings, demonstrating a significant increase compared to the same period last year and surpassing analysts' predictions.
For the third quarter, the company reported earnings of $34.3 million, or $0.83 per share. This is a notable rise from last year's figure of $11.7 million, or $0.28 per share. When excluding special items, Horace Mann Educators posted adjusted earnings of $31.3 million, or $0.76 per share.
Analyst projections compiled by Thomson Reuters anticipated earnings of $0.72 per share, with these estimates typically not considering special items.
The company's quarterly revenue climbed 8.8%, reaching $412.1 million, compared to $378.7 million in the previous year.
A summary of Horace Mann Educators' financial performance (GAAP) for the third quarter is as follows:
- Earnings: $34.3 million compared to $11.7 million last year.
- Earnings Per Share (EPS): $0.83 versus $0.28 last year.
- Revenue: $412.1 million compared to $378.7 million last year.
**Outlook:** The company has provided full-year EPS guidance in the range of $2.40 to $2.70.
