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Dec 31, 2022
A-Mark Precious Metals Q2 2023 Earnings Report
A-Mark Precious Metals' financial results for the fiscal second quarter of 2023 were reported, demonstrating the strength of its fully integrated precious metals platform.
Key Takeaways
A-Mark Precious Metals reported a 0.2% increase in revenues to $1.950 billion and a 5% increase in net income to $33.5 million, with diluted earnings per share of $1.35. The company's diversified business model and strategic investments, including the acquisition of BGASC and minority interests in Texas Precious Metals and Atkinsons Bullion & Coins, contributed to the positive results.
Revenues increased 0.2% to $1.950 billion compared to the same quarter last year.
Net income attributable to the Company increased 5% to $33.5 million.
Diluted earnings per share increased 4% to $1.35.
Direct-to-Consumer new customers increased 230% to 131,200.
A-Mark Precious Metals
A-Mark Precious Metals
A-Mark Precious Metals Revenue by Segment
Revenue by Segment
Direct-to-Consumer Revenue
CapyFin.com Forward Guidance
A-Mark remains confident in the stability of its fully integrated precious metals platform and continues to explore strategic investment and acquisition opportunities.