B. Riley Q3 2024 Earnings Report
Key Takeaways
B. Riley Financial estimates net income available to common shareholders to be in the range of $48 million to $68 million, or $1.57 to $2.22 per diluted net income per common share for the three months ending December 31, 2024. The results were negatively impacted by unusual expenses related to legal, transaction, and restructuring fees.
Net income available to common shareholders is expected to be between $48 million and $68 million.
Diluted net income per common share is estimated to be between $1.57 and $2.22.
The company reduced debt by more than $700 million since January 2024.
B. Riley Securities finished the year with a strong December and is well positioned to grow the team.
B. Riley
B. Riley
Forward Guidance
B. Riley anticipates a decline in legal, transaction and restructuring fees as they progress through 2025 and that they are well positioned to invest resources to grow the team over the coming quarters.
Positive Outlook
- Company expects legal, transaction and restructuring fees will decline as they progress through 2025
- B. Riley Securities finished the year with a strong December
- Company is well positioned to invest resources to grow the team over the coming quarters
- The company reduced debt by more than $700 million since January 2024
- Company retired their Nomura facility and look forward as a company
Challenges Ahead
- Results were negatively impacted by a number of unusual expenses related to legal, transaction and restructuring fees
- Managing the losses in the principal investments
- Results are unaudited and subject to completion of the ongoing audit of the Company's annual financial statements.
- Worst is behind them and remain confident in the future based on the underlying strength of their core businesses
- Company recognizes they have work to do