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Jun 30, 2021
B. Riley Q2 2021 Earnings Report
B. Riley's financial performance for Q2 2021 reflected revenue growth and strong operating results.
Key Takeaways
B. Riley Financial reported a 26% increase in total revenues to $336.8 million for Q2 2021. Net income was $73.9 million, resulting in diluted EPS of $2.58. Operating EBITDA doubled year-over-year, driven by the investment banking division and contributions from advisory services and principal investments. The company declared a total dividend of $2.00 per share, including a regular dividend of $0.50 and a special dividend of $1.50.
Total revenues increased by 26% year-over-year to $336.8 million.
Diluted EPS was reported at $2.58, with a net income of $73.9 million.
Operating EBITDA doubled, demonstrating strength across business divisions.
A total dividend of $2.00 per share was declared, comprising a $0.50 regular dividend and a $1.50 special dividend.
Forward Guidance
B. Riley Financial anticipates continued growth in shareholder value by capitalizing on market opportunities in core segments and expanding recurring revenue streams.
Positive Outlook
- Continue to take advantage of market opportunities in our core segments
- Building on additional recurring revenue streams
- Recurring revenue streams are noncorrelated
- Recurring revenue streams are counter cyclical
- Financial flexibility to pursue the increasing number of opportunities that our diversified platform offers
Challenges Ahead
- Risks associated with the unpredictable and ongoing impact of the COVID-19 pandemic
- Risks described in B. Riley Financial, Inc.’s periodic filings with the SEC
- Risks described in B. Riley Financial, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2020
- Risks described in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021 under the captions “Risk Factors”
Historical Earnings Impact
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Avg. Return Before/After Earnings
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