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Dec 31, 2023
A-Mark Precious Metals Q2 2024 Earnings Report
A-Mark Precious Metals reported results for the fiscal second quarter ended December 31, 2023.
Key Takeaways
A-Mark Precious Metals reported a 7% increase in revenues to $2.079 billion compared to the same quarter last year. Diluted earnings per share totaled $0.57, a 58% decrease year-over-year. Net income attributable to the Company decreased 59% to $13.8 million. The company reaffirmed its regular quarterly cash dividend policy of $0.20 per share.
Q2 FY 2024 Diluted Earnings Per Share of $0.57
Repurchased 440,092 Common Shares for $12 Million
Asset Backed Securitization Notes Payable paid off at Maturity
Company reaffirms regular quarterly cash dividend policy of $0.20 per share
A-Mark Precious Metals
A-Mark Precious Metals
Forward Guidance
A-Mark is exploring strategic opportunities and investing in logistics automation initiatives at its A-Mark Global Logistics facility to efficiently handle increased volume and minimize operational costs. The company reaffirms its commitment to generating stockholder value through its diversified business model.