secwatch.observer — SEC 8-K summary
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Issuer:     BRC Group Holdings, Inc. (RILY)
CIK:        0001464790
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001213900-22-068987
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

B. Riley Q3 revenue $340.4M, EPS $1.53; declares $1 dividend, $50M buyback
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- Total revenues $340.4M, down 11% YoY from $381.5M; net income $45.8M vs $48.6M prior year.
- Diluted EPS $1.53, down from $1.69; Adjusted EBITDA rose to $141.4M from $114.1M.
- Declares quarterly cash dividend of $1.00 per share payable Nov 29 to holders of record Nov 15.
- Board authorizes $50M common share repurchase plan; $2.33B cash/investments, $2.32B debt at quarter-end.
- Acquired Targus in early Q4 for $250M; added BullsEye Telecom to Lingo during Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1464790/000121390022068987/0001213900-22-068987-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1464790/000121390022068987/ea167967-8k_brileyfinan.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-068987

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer