B. Riley Financial Q2 2023 revenue $406.3M (+191% YoY); EPS $1.55; reaffirms Q3 guidance

BRC Group Holdings, Inc.

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

Total revenues $406.3M, up 191% YoY; net income attributable $46.4M vs loss of $140.2M in prior year.
Diluted EPS $1.55; operating adjusted EBITDA $80.2M; total adjusted EBITDA $139.9M.
Reaffirms Q3 2023 operating adjusted EBITDA guidance of at least $105M.
Declares $1.00 per share quarterly dividend payable Aug 21, 2023.
Segment: Capital Markets income $77.7M (vs loss $61.3M); Communications revenue $85.0M (+103% YoY).

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 0.95

BRC Group Holdings, Inc. reported three-month period ending June 30, 2023 results: revenue $406.3 million, net income $46.4 million, EPS $1.55 diluted earnings per share. Guidance reaffirmed.

Period: three-month period ending June 30, 2023
Revenue: $406.3 million
Net income: $46.4 million
EPS: $1.55 diluted earnings per share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Highlights for the Three Months Ended June 30, 2023 ● Total revenues increased 191% to $406.3 million vs. $139.6 million in prior year quarter ● Net income attributable to the Company of $46.4 million ● Net income available to common shareholders of $44.4 million, or $1.55 diluted earnings per share (EPS)

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRC Group Holdings, Inc. updated its third quarter of 2023 guidance (reaffirmed).

Period: third quarter of 2023
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

The Company has also reaffirmed its guidance for operating adjusted EBITDA (3) of at least $105 million for the third quarter of 2023.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRC Group Holdings, Inc. reported six-month period ending June 30, 2023 results: revenue $838.4 million, net income $63.5 million, EPS $2.05 diluted EPS.

Period: six-month period ending June 30, 2023
Revenue: $838.4 million
Net income: $63.5 million
EPS: $2.05 diluted EPS
Result: reported results

Exact text from the filing

Highlights for the Six Months Ended June 30, 2023 ● Total revenues increased 117% to $838.4 million vs. $386.5 million in prior year six-month period ● Net income attributable to the Company of $63.5 million ● Net income available to common shareholders of $59.5 million, or $2.05 diluted EPS

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BRC Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-23-065028

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