BGC Q1 revenue up 5% to $533M; adjusted EPS $0.23; corporate conversion on track for June 30

BGC Group, Inc.

2023-Q1 EPS reported $0.05 revenue$532,867,000

Revenue $532.9M, +5.2% YoY (+7% constant currency); Fenics record quarter with +12% revenue.
GAAP net income $24.2M ($0.05 EPS); adjusted earnings $115.6M ($0.23 EPS).
Corporate conversion to complete June 30, new ticker 'BGC' starting July.
FMX futures exchange awaiting final CFTC approval; strategic investors to be announced.
Q2-to-date revenue up 9% through first 19 trading days.

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 0.9

BGC Group, Inc. reported the quarter ended March 31, 2023 results: revenue 532.9, net income 24.2, EPS $0.05.

Period: the quarter ended March 31, 2023
Revenue: 532.9
Net income: 24.2
EPS: $0.05
Result: reported results

Exact text from the filing

announce our strategic investors prior to the launch." SELECT FINANCIAL RESULTS 1,2 Highlights of Consolidated Results (USD millions) 1Q23 1Q22 Change Const. CCY Change Revenues 532.9 506.5 5.2% 7.0% GAAP income from operations before income taxes 33.2 45.4 (26.7)% GAAP net income for fully diluted shares 24.2 33.6 (28.2)% Adjusted Earnings before

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Source: SEC EDGAR

accession 0001628280-23-014997

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