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Mar 31, 2024
A-Mark Precious Metals Q3 2024 Earnings Report
A-Mark Precious Metals reported results for the fiscal third quarter ended March 31, 2024, with diluted earnings per share of $0.21.
Key Takeaways
A-Mark Precious Metals reported a decrease in net income and earnings per share for the fiscal third quarter 2024, despite an increase in revenues. The company faced softened demand, premium compression, and elevated gold and silver prices, which impacted profitability. They also expanded into Asia with the acquisition of LPM Group Limited.
Diluted earnings per share were $0.21.
Revenues increased by 13% to $2.611 billion.
Gross profit decreased by 54% to $34.8 million.
Repurchased 204,396 common shares for $5 million.
Revenue by Segment
Forward Guidance
A-Mark's Board of Directors has re-affirmed its previously announced regular quarterly cash dividend policy of $0.20 per common share ($0.80 per share on an annual basis).
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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