Reorg Unveils First Global Earnings Analytics Report With Comprehensive Insights on Over 2500 High-Yield Bonds and Leveraged Loans Issuers
11 Julio 2024 - 7:30AM
Business Wire
In-depth analysis sheds light on detailed
credit metrics of U.S. and European issuers of high-yield bonds and
leveraged loans and serves as a barometer for the broader
economy
Reorg, the premier global provider of credit data, analytics,
and intelligence, proudly announces the release of its cutting-edge
quarterly report on earnings analytics, covering over 2,500
high-yield bonds and leveraged loans issuers. This report, the only
one of its kind in the credit industry, is crafted by Reorg’s team
of expert analysts using data from Fundamentals by Reorg™, our
proprietary financial data platform.
The Earnings Analytics report, available exclusively to Reorg
subscribers, delivers an unparalleled overview of key trends and an
exhaustive in-depth analysis across both public and private
issuers. This transformative report is designed to empower Reorg
clients with a holistic understanding of the credit landscape.
Highlights from the first-quarter 2024 U.S. Earnings
Analytics Report:
- Revenue: Results suggest continued contraction among
issuers. Median company revenue grew by 3 percent (3%) for the
quarter, a year-over-year decrease of 6.8 percentage points, with
approximately 40 percent (40%) of companies experiencing LTM
revenue declines.
- EBITDA: Increased by 4.2 percent (4.2%) during the
quarter, reflecting a slowdown of 2.1 percentage points from the
year-earlier level.
- Sector winners and losers: Utilities, energy and
materials saw the largest contractions in revenue and EBITDA driven
by commodity dynamics, while financials outperformed.
- Resilience despite inflation: The median company has
been able to offset the impact of increased prices as EBITDA growth
has outpaced inflation, though the gap has been narrowing.
- Higher debt payments: Rising interest rates have
resulted in higher interest payments which, combined with declining
EBITDA growth, has eaten into interest coverage, particularly for
loan borrowers.
Ben Kovacka, Vice President of Credit Research and Analytics
at Reorg, stated:
“Our comprehensive data, encompassing both private and public
companies in the leveraged loan and high-yield markets, remains the
backbone of the analysis driving critical investment decisions. Our
clients not only gain rapid access to individual credit profiles
but also benefit from monitoring aggregate trends of thousands of
borrowers, and evaluating hundreds of financial and credit metrics
across various sectors, rating bands, and company sizes.”
For an in-depth exploration of these findings and to access the
full report, please visit our website at:
https://reorg.com/earnings-analytics/
About Reorg
Founded in 2013, Reorg is the essential credit intelligence and
data asset for the world’s leading investment banks, asset managers
and hedge funds, law firms and professional services 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240711207333/en/
Drake Manning drake.manning@reorg.com
Katie Creaser Reorg@icrinc.com