earnings
confidence high
sentiment positive
materiality 0.85
Piper Sandler Q4 net rev $484M (+35% QoQ), FY rev $1.53B (+13%); declares $3 special dividend
PIPER SANDLER COMPANIES
2024-FY EPS reported
$10.24
revenue$1,531,595,000
- Q4 GAAP net income $69M, diluted EPS $3.86; adjusted net income $87M, adjusted EPS $4.80.
- Full-year GAAP net income $181M, diluted EPS $10.24; adjusted net income $228M, adjusted EPS $12.69 (up 37% YoY).
- Q4 net revenues $484M (up 35% QoQ, 3% YoY); full-year net revenues $1.526B (up 13% YoY).
- Pre-tax margin improved to 17.0% GAAP, 24.4% adjusted for Q4; full-year 14.3% GAAP, 19.7% adjusted.
- Declared special dividend of $3.00 per share and quarterly dividend of $0.65 per share.