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Jun 30, 2024
A-Mark Precious Metals Q4 2024 Earnings Report
A-Mark Precious Metals reported preliminary results with revenues decreasing and earnings per share declining, but gross profit increasing from the previous quarter.
Key Takeaways
A-Mark Precious Metals reported a decrease in revenues for the fiscal fourth quarter of 2024, with a corresponding decrease in gross profit compared to the same quarter last year. Net income attributable to the company also decreased, although diluted earnings per share increased compared to the previous quarter. The company's full-year revenue increased, but gross profit and net income decreased compared to the prior fiscal year.
Revenues for Q4 2024 decreased by 19% to $2.52 billion compared to $3.12 billion in Q4 2023.
Gross profit for Q4 2024 decreased by 45% to $43.0 million from $78.6 million in Q4 2023, but increased 23% from $34.8 million in the previous quarter.
Net income attributable to the company for Q4 2024 decreased by 32% to $28.6 million from $41.8 million in Q4 2023.
Diluted earnings per share for Q4 2024 were $1.20, a 30% decrease compared to $1.71 in Q4 2023, but excluding a remeasurement gain, diluted EPS was $0.60.
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 continues to evaluate opportunities to further expand market reach and enhance stockholder value. They are advancing logistics automation initiatives and developing plans to broaden reach in Asia, including establishing a trading hub in Singapore.
Positive Outlook
- Advancing the logistics automation initiatives at the A-Mark Global Logistics (AMGL) facility in Las Vegas.
- Automation will support increased volume.
- Automation will lower operational costs.
- Developing plans to broaden reach in Asia.
- Establishing a trading hub in Singapore.