earnings
confidence high
sentiment neutral
materiality 0.75
Rithm Capital reports Q4 GAAP net loss of $87.5M; EAD of $0.51; Sculptor acquisition complete
Rithm Capital Corp.
2023-FY EPS reported
$1.10
revenue$3,798,177,000
- GAAP net loss Q4 $87.5M ($0.18 diluted EPS); FY net income $532.7M ($1.10 EPS).
- Earnings available for distribution Q4 $247.4M ($0.51/share); FY $997.2M ($2.06/share).
- Book value per common share $11.90 at Dec 31, 2023; common dividend unchanged at $0.25/share.
- Completed Sculptor acquisition Nov 17, 2023 (~$33B AUM); SLS acquisition for $720M targets Q1'24 close.
- Board authorized $200M common and $100M preferred stock repurchase programs through Dec 2024.