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Sep 30, 2022
B. Riley Q3 2022 Earnings Report
B. Riley Financial reported third quarter results, highlighted by solid operating performance despite a slowdown in capital markets.
Key Takeaways
B. Riley Financial reported total revenues of $340.4 million and net income of $45.8 million, with diluted EPS of $1.53. The company declared a quarterly dividend of $1.00 per common share and approved a share repurchase plan of up to $50 million.
Total revenues reached $340.4 million.
Net income was reported at $45.8 million, with diluted EPS of $1.53.
Adjusted EBITDA totaled $141.4 million.
A quarterly dividend of $1.00 per common share was declared.
B. Riley
B. Riley
Forward Guidance
The company expects numerous opportunities over the next 12 to 24 months as market valuations adjust, and believes they are in a very strong position to take advantage of those opportunities.