BGC Partners Q3 2022: GAAP pre-tax income $19M vs loss, Adjusted EPS up 14%

BGC Group, Inc.

2022-Q3 EPS reported $0.12 revenue$1,358,787,000

GAAP pre-tax income $19.0M vs $(20.6)M loss YoY; GAAP EPS $0.01 vs $(0.03).
Revenues (excl. insurance) $416.6M, down 1.3% YoY but up 4.1% constant currency.
Post-tax Adjusted EPS $0.16, up 14.3%; pre-tax Adjusted Earnings margin expanded over 300 bps.
Adjusted EBITDA $107.0M, up 14.3% YoY; eighth consecutive quarter of margin improvement.
CEO expects definitive agreements for corporate conversion before year-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BGC Group, Inc. reported the quarter ended September 30, 2022 results: revenue $416.6, net income 7.4, EPS $0.01.

Period: the quarter ended September 30, 2022
Revenue: $416.6
Net income: 7.4
EPS: $0.01
Result: reported results

Exact text from the filing

the end of the year." SELECT FINANCIAL RESULTS 1,2,3 Highlights of Consolidated Results (USD millions) 3Q22 3Q21 Change Constant Currency Change Revenues (excluding Insurance) $416.6 $422.1 (1.3)% 4.1% Revenues 416.6 473.7 (12.1)% (7.3)% GAAP income (loss) from operations before income taxes 19.0 (20.6) 192.3% GAAP net income (loss) for fully diluted shares

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Source: SEC EDGAR

accession 0001628280-22-027668

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