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CPS(CPSS) - 2024 Q2 - Quarterly Results
CPSSCPS(CPSS)2024-07-30 23:03

CPS ANNOUNCES SECOND QUARTER 2024 EARNINGS Revenues for the second quarter of 2024 were 95.9million,anincreaseof95.9 million, an increase of 11.0 million, or 13.0%, compared to 84.9millionforthesecondquarterof2023.Totaloperatingexpensesforthesecondquarterof2024were84.9 million for the second quarter of 2023. Total operating expenses for the second quarter of 2024 were 89.2 million compared to 66.3millionforthe2023period.Areversalofprovisionforcreditlossexpensereducedoperatingexpensesby66.3 million for the 2023 period. A reversal of provision for credit loss expense reduced operating expenses by 2.0 million in the second quarter of 2024 and $9.7 million in the second quarter of 2023. Pretax income for th ...