B. Riley posts preliminary Q2 net income $44.6-46.6M, diluted EPS $1.48-1.55; launches $100M stock offering

BRC Group Holdings, Inc.

2023-Q2 EPS reported $2.05 revenue$838,368,000

Q2 2023 revenue $405-407M vs $140.2M net loss in Q2 2022; diluted EPS $1.48-$1.55 vs ($5.07).
H1 2023 net income $61.8-63.8M, diluted EPS $1.98-$2.05; adjusted EBITDA $232.8-234.8M.
Q3 2023 operating adjusted EBITDA guidance at least $105M, with July investment banking already exceeding all of Q2.
Announced $100M underwritten public common stock offering; underwriter granted 30-day option for additional 15%.
Declared regular quarterly cash dividend of $1.00/share, payable Aug 21 to holders of record Aug 11.

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 three months ended June 30, 2023 results: revenue within the range of $405 million to $407 million, net income within the range of $44.6 million and $46.6 million, EPS within the range of $1.48 to $1.55 per diluted share.

Period: three months ended June 30, 2023
Revenue: within the range of $405 million to $407 million
Net income: within the range of $44.6 million and $46.6 million
EPS: within the range of $1.48 to $1.55 per diluted share
Result: preliminary results

Exact text from the filing

Preliminary Estimates for the Three Months Ended June 30, 2023 ● Total revenues estimated within the range of $405 million to $407 million ● Net income attributable to the Company between $44.6 million to $46.6 million ● Diluted earnings per common share in the range of $1.48 to $1.55 per diluted share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRC Group Holdings, Inc. reported six months ended June 30, 2023 results: revenue within the range of $837.1 million and $839.1 million, net income within the range of $61.8 million and $63.8 million, EPS within the range of $1.98 to $2.05 per diluted share.

Period: six months ended June 30, 2023
Revenue: within the range of $837.1 million and $839.1 million
Net income: within the range of $61.8 million and $63.8 million
EPS: within the range of $1.98 to $2.05 per diluted share
Result: preliminary results

Exact text from the filing

Preliminary Estimates for the Six Months Ended June 30, 2023 ● Total revenues estimated within the range of $837.1 million and $839.1 million ● Net income attributable to the Company between $61.8 million and $63.8 million ● Diluted earnings per common share in the range of $1.98 to $2.05 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRC Group Holdings, Inc. updated its three month period ending September 30, 2023 guidance (initiated).

Period: three month period ending September 30, 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company expects its operating adjusted EBITDA for the three month period ending September 30, 2023 will be at least $105 million.

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44 earnings releases filed in the last 30 days. Browse all earnings releases →

BRC Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-059646

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