earnings
confidence high
sentiment neutral
materiality 0.75
BRC Group Q2 net income $18.5M, down from $137.5M; Operating Adj EBITDA $66.0M, highest since Q3 2023
BRC Group Holdings, Inc.
- Q2 net income available to common shareholders $18.5M ($0.45 diluted EPS) vs $137.5M ($4.50) in prior year; year-to-date net income $229.8M, up 83%.
- Operating Adjusted EBITDA of $66.0M in Q2, highest since Q3 2023, up from $43.3M in prior year.
- Net Debt reduced by $341.7M in first six months to $285.2M; Total Debt down to $1.28B.
- Wealth Management segment revenues up 50% YoY to $58.0M; segment income swung to $17.5M from loss of $1.3M.
- B. Riley Securities helped clients raise $8.5B in combined equity and debt capital in Q2, including $3.5B equity issuance (highest in over 4 years).