earnings
confidence high
sentiment neutral
materiality 0.70
Virtu Q2 net income $128.1M, EPS $0.71; declares $0.24 dividend, completes $1.7B debt refi
Virtu Financial, Inc.
2024-Q2 EPS reported
$1.30
revenue$1,335,824,000
- Net income $128.1M, diluted EPS $0.71; Normalized Adjusted Net Income $135.3M, Normalized Adjusted EPS $0.83.
- Total revenues $693.0M; Trading income $426.4M; Adjusted Net Trading Income $385.1M.
- Adjusted EBITDA $217.5M (56.5% margin).
- Board declares $0.24 quarterly cash dividend payable Sept 15, 2024 to record holders Sept 1.
- Completed $1.7B debt refinancing: $1.2B term loan and $0.5B notes, both due 2031.