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Mar 31, 2023
B. Riley Q1 2023 Earnings Report
B. Riley's Q1 2023 results demonstrated versatility and resiliency, with strategic initiatives enhancing the company's diversified model amidst challenging market conditions.
Key Takeaways
B. Riley Financial reported a 75% increase in total revenues to $432.1 million for Q1 2023, driven by recent acquisitions and increased interest income from securities lending. Net income applicable to common shareholders was $15.1 million, or $0.51 diluted EPS. Total Adjusted EBITDA increased 133% to $94.8 million.
Total revenues increased 75% to $432.1 million compared to the prior year quarter.
Net income applicable to common shareholders was $15.1 million, or $0.51 diluted EPS.
Total Adjusted EBITDA increased 133% to $94.8 million.
The Company declared a regular quarterly cash dividend of $1.00 per common share.
B. Riley
B. Riley
Forward Guidance
B. Riley sees opportunities to capitalize on market dislocations and remains steadfast in its strategy.