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Jun 30, 2020
B. Riley Q2 2020 Earnings Report
B. Riley's financial performance surged, driven by robust operating results and a sharp recovery in investments.
Key Takeaways
B. Riley Financial reported consolidated revenues of $266.5 million and net income of $82.8 million, or $3.07 per diluted share, for the second quarter ended June 30, 2020. The company's investment book rebounded sharply, and investment banking activity accelerated.
Consolidated revenues reached $266.5 million, surpassing the previous quarterly record.
Net income available to common shareholders totaled $82.8 million, or $3.07 per diluted share.
Operating adjusted EBITDA increased to $46.8 million.
The company increased its regular dividend to $0.30 per common share and declared a special dividend of $0.05 per share.
Forward Guidance
The ongoing impact of COVID-19 creates limited visibility, but also tremendous opportunities where we believe our diversified platform will continue to serve as a competitive advantage.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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