Reorg’s Q2 2024 U.S. Earnings Analytics Report Shows Top-Line Growth Continues to Decelerate Year Over Year

EBITDA growth picks up after a nine-quarter deceleration streak, and interest coverage increased quarter over quarter

NEW YORK--(BUSINESS WIRE)--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.