BGC Partners Q4 GAAP EPS $0.01, down 95% YoY; adjusted EPS $0.16, down 5.9%

BGC Group, Inc.

2022-FY EPS reported $0.13 revenue$1,795,302,000

GAAP net income for fully diluted shares $2.8M in Q4 2022 vs $103.0M in Q4 2021, down 97.3%.
GAAP fully diluted EPS $0.01 vs $0.20, down 95%; full year EPS $0.13 vs $0.32, down 59.4%.
Adjusted EBITDA $124.0M in Q4 2022 vs $230.3M, down 46.2%; full year $486.2M vs $588.3M, down 17.4%.
Post-tax Adjusted EPS $0.16 vs $0.17, down 5.9% in Q4; full year $0.69 vs $0.65, up 6.2%.
CEO Howard Lutnick cites return of interest rates and Fenics investment as growth drivers.

item 2.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BGC Group, Inc. reported the quarter ended December 31, 2022 results: revenue 436.5, EPS GAAP fully diluted earnings per share $0.01.

Period: the quarter ended December 31, 2022
Revenue: 436.5
EPS: GAAP fully diluted earnings per share $0.01
Result: reported results

Exact text from the filing

FINANCIAL RESULTS 1,2,3,4 Highlights of Consolidated Results (USD millions) 4Q22 4Q21 Change Const. CCY Change FY22 FY21 Change Const. CCY Change Revenues (excluding Insurance) $436.5 $441.7 (1.2)% 1.9% $1,795.3 $1,837.0 (2.3)% 1.4% Revenues 436.5 461.6 (5.4)% (2.5)% 1,795.3 2,015.4 (10.9)% (7.6)% GAAP income (loss) from operations before income taxes 1.6 104.8

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Source: SEC EDGAR

accession 0001628280-23-005160

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