Highest-materiality recent filing
Jefferies closes €850M 4.500% Senior Notes due 2033 offering
Issued €850M aggregate principal of 4.500% Senior Notes due 2033.
Jefferies Q2 2026 EPS $1.02 vs $0.40 YoY; record IB and Equities revenues
Q2 net revenues $2.21B (up 35% YoY); diluted EPS $1.02 vs $0.40; pre-tax earnings $315.5M (2.3x)
Jefferies prices $1.1B of 5.125% senior notes due 2031 at 5.304% yield
$1.1B aggregate principal of 5.125% Senior Notes due 2031, priced April 23, 2026.
Jefferies Q1 net earnings $156M, EPS $0.70; IB & equities hit records
Net earnings attributable to common shareholders $155.7M ($0.70 diluted EPS), up from $0.57 in Q1 2025.
SMBC Group nominates Yoshihiro Hyakutome to Jefferies board; plans to increase stake to 20%
Yoshihiro Hyakutome, Deputy President & Co-Head of SMBC Global Business Unit, nominated to Jefferies board, replacing Toru Nakashima.
Jefferies prices $1.5B 5.500% Senior Notes due 2036 at 5.605% yield
Offering of $1.5B aggregate principal amount of 5.500% Senior Notes maturing February 15, 2036.
Jefferies Q4 net earnings $190.9M ($0.87/share); IB revenues up 20% YoY
Net earnings attributable to common $190.9M ($0.87 diluted EPS) vs $205.7M ($0.91) a year ago; adjusted EPS $0.96 excludes $30M Point Bonita pre-tax loss.
Jefferies FY2025: $7.3B revenue, $2.85 EPS; SMBC to up stake to 20%, $2.5B credit
FY2025 net revenues $7.3B, net earnings $631M; diluted EPS $2.85 from continuing ops; return on adjusted tangible equity 10.1%.
Jefferies to acquire 50% interest in Hildene Holding Company and support SILAC acquisition
Jefferies will invest $340M cash, contribute $75M in equity interests, and exchange revenue-share rights for 50% of Hildene Holding Company.
CEO Rich Handler notes record revenues last quarter; net revenues up 86% since fiscal 2019.
Jefferies details manageable First Brands exposure; Q3 annualized net rev $8.2B, equity $10.5B
Direct exposure: $43M indirect investment in First Brands receivables via Point Bonita, $2M in bank loans.
JEF discloses $715M receivables at risk as First Brands Group files Chapter 11
Point Bonita Capital holds ~$715M in receivables from First Brands, due from Walmart, Autozone, NAPA, O'Reilly, Advanced Auto.
Jefferies Q3 net earnings $224M, EPS $1.01, revenue $2.05B, record advisory
Net earnings $224M, diluted EPS $1.01 vs $0.72 a year ago.
SMBC may increase economic ownership to 20% (as-converted, fully diluted) via open-market purchases and exchanges, up from ~14.5%.
Net earnings $88M (diluted EPS $0.40) vs $146M ($0.64) YoY; Advisory net rev +61%, Equity underwriting -51%, Fixed Income -37%.
Jefferies Q1 earnings fall 15%; EPS $0.57 vs $0.69; revenues down 8%
Net earnings attributable to common shareholders: $127.8M, down 14.6% YoY; diluted EPS $0.57 from continuing operations vs $0.69.
Jefferies posts $7B revenue in 2024, raises dividend 14.3% to $0.40/share
Net revenues $7.0B, pre-tax income $1.0B, diluted EPS $2.96, ROATCE 10.8%.
Jefferies Q4 EPS $0.91 vs $0.29; revenue $1.96B (+63%); dividend raised 14.3% to $0.40
Q4 diluted EPS from continuing ops $0.91 vs $0.29; net earnings to common $206M vs $65.6M.
Jefferies Q3 net earnings $167M ($0.75 EPS), revenues up 42% YoY to $1.68B
Investment Banking net revenues $949M, up 47% YoY; advisory record $592M.
Nakashima, President and Group CEO of Sumitomo Mitsui Financial Group, joined Jefferies Board on August 12, 2024.
Jefferies completes sale of OpNet operations to Wind Tre for ~$317M cash
Completion of sale of Italian wireless broadband provider OpNet (formerly Linkem) to Wind Tre, a CK Hutchison subsidiary.
Jefferies Q2 net earnings $146M ($0.64/sh), revenue $1.66B, dividend up 16.7% to $0.35
Net earnings attributable to common shareholders $146M, or $0.64 diluted EPS; pre-tax income $228M.
Jefferies issues $1.5B of 6.200% Senior Notes due 2034, net proceeds ~$1.49B
Purchase agreement signed April 11, 2024; $1.5B aggregate principal of 6.200% Senior Notes due 2034.
Jefferies prices €1.25B in Euro notes and $1.5B in 6.200% senior notes due 2034
Priced €750M 3.875% notes due 2026 and €500M 4.000% notes due 2029 under Euro MTN program.
Jefferies Q1 net earnings $150M ($0.66/diluted); adjusted EPS $0.87; revenue $1.74B up 35% YoY
Net earnings attributable to common shareholders $150M ($0.66 diluted); continuing ops $157M ($0.69 diluted); adjusted for Weiss loss $196M ($0.87 diluted).
Sale consideration €485M; ~€225M in cash or CKHGT three-year notes; value to Jefferies ~€320M, above carrying value.
Jefferies reports Q4 net earnings $66M ($0.29/diluted), down 53% YoY; FY net $263M, down 66%
Q4 net earnings attributable to common shareholders $66M ($0.29/diluted), down 53% YoY from $140M ($0.57).
Jefferies 2023 net revs $4.7B, net income $263M; expands SMFG alliance
Net revenues of $4.7B; net income attributable to common $263M; ROE of 3.7% (trough year view).
Jefferies Q3 net earnings $51M, down 74% YoY; Investment Banking up 28% QoQ
Net earnings attributable to common shareholders $51M ($0.22 per share) vs $195M ($0.80) YoY, a 74% decline.
Jefferies issues $1B of 5.875% Senior Notes due 2028 with net proceeds ~$990M
Issued $1,000,000,000 of 5.875% Senior Notes due 2028; closed July 21, 2023.
Jefferies prices $1B of 5.875% senior notes due 2028; proceeds for general corporate purposes
Jefferies priced $1B aggregate principal of 5.875% Senior Notes due July 21, 2028; effective yield 6.007%.
98.1% of votes cast in favor: 178,924,890 for, 3,125,690 against, 379,386 abstained.
Jefferies Q2 net earnings $12M ($0.05 EPS) including $72M OpNet loss; revenue down 22% YoY
Net earnings $12M ($0.05 diluted) includes $72M pre-tax OpNet loss; revenue $1.04B, down 22% YoY.
Jefferies and SMBC Expand Strategic Alliance; SMBC to Increase Ownership to Up to 15%
SMBC to increase economic ownership to up to 15% on an as-converted, fully diluted basis via share purchases.
Jefferies Q1 net earnings $134M ($0.54/diluted), down 59% YoY; rev $1.28B
Net earnings $134M vs $327M YoY; diluted EPS $0.54 vs $1.23; rev $1.28B (-24% YoY).
On May 19, 2023, Barry J. Alperin notified Jefferies Financial Group Inc. (the “Company”) that he plans to retire from the Board of Directors of the Company effective as of May 31, 2023.
Matt Larson was appointed as co-Chief Financial Officer and principal financial officer of the Company, effective November 1, 2022.
Mark Cagno was appointed as Co-Controller and principal accounting officer of the Company, effective November 1, 2022.
John Dalton, Controller and Chief Accounting Officer, will be departing from the Company in May 2023 to pursue other opportunities.
Mr. Larson will succeed Ms. Gendron as Chief Financial Officer of the Company.
Teri Gendron, Chief Financial Officer, and John Dalton, Controller and Chief Accounting Officer, will be departing from the Company in May 2023 to pursue other opportunities.
On January 10, 2022, the Company previously announced that its Board of Directors had elected Thomas W. Jones to the Board effective March 28, 2022.
Mr. Borges has informed the Board of Directors (the “Board”) of Jefferies Financial Group Inc. (the “Company”) of his decision not to stand for re-election on the Jefferies Board and will cease his service effective March 28, 2022.
On January 10, 2022, the Board of the Company elected Thomas W. Jones to the Board effective March 28, 2022.
Max materiality 0.90 · Median 0.70 · Most common event earnings