B. Riley Q1 net income $15.1M ($0.51 diluted EPS); revenue +75% to $432M; $1 dividend

BRC Group Holdings, Inc.

2023-Q1 EPS reported $0.51 revenue$432,090,000

Net income of $15.1M vs prior-year loss of $12.1M; diluted EPS $0.51 vs -$0.43.
Total revenues $432.1M (+75% YoY) driven by acquisitions (Targus, Lingo, BullsEye) and higher interest income.
Operating Adjusted EBITDA $80.1M (slightly below $84.2M prior year); Total Adjusted EBITDA $94.8M (+133%).
Declared $1.00 quarterly dividend, payable May 23 to holders of record May 16.
Segment revenues: Capital Markets $185.4M, Wealth Mgmt $49.8M, Communications $86.9M, Consumer $70.0M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRC Group Holdings, Inc. reported first quarter 2023 results: revenue $432.1 million, net income $15.1 million, EPS $0.51 diluted earnings per share.

Period: first quarter 2023
Revenue: $432.1 million
Net income: $15.1 million
EPS: $0.51 diluted earnings per share
Result: reported results

Exact text from the filing

B. Riley Financial Reports First Quarter 2023 Results; Declares $1.00 Dividend LOS ANGELES, May 4, 2023 – B. Riley Financial, Inc. (NASDAQ: RILY) (“B. Riley” or the “Company”), a diversified financial services platform, today released results for the three-month period ending March 31, 2023. Q1 2023 Financial Highlights ● Total revenues increased 75% to $432.1 million ● Net income of $15.1 million, or $0.51 diluted earnings per share (EPS)

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BRC Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-036419

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