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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.
B. Riley
B. Riley
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”
- Risks described in “Management’s Discussion and Analysis of Financial Condition and Results of Operations”