Earnings Call Summary | B. Riley Financial(RILY.US) Q1 2024 Earnings Conference
Earnings Call Summary | B. Riley Financial(RILY.US) Q1 2024 Earnings Conference
The following is a summary of the B. Riley Financial, Inc. (RILY) Q1 2024 Earnings Call Transcript:
以下是B. Riley Financial, Inc.（RILY）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
B. Riley reported Q1 2024 total revenues of $343 million, and operating adjusted EBITDA of $66 million, down from $88 million in Q1 2023.
The firm reported a net loss of $51 million, primarily due to investment-related losses and extra costs.
The Capital Markets segment saw an increase in fee income, even though overall revenues fell, and operating margins in Wealth Management continued to grow.
Wealth Management assets totaled $25.8 billion at quarter-end.
B. Riley報告稱，2024年第一季度總收入爲3.43億美元，經營調整後的息稅折舊攤銷前利潤爲6600萬美元，低於2023年第一季度的8,800萬美元。
該公司報告的淨虧損爲5100萬美元，主要是由於與投資相關的虧損和額外成本。
儘管總收入下降，而且财富管理的營業利潤率持續增長，但資本市場板塊的費用收入仍有所增加。
截至季度末，财富管理資產總額爲258億美元。
Business Progress:
業務進展：
The company made major investments, including in Nogin and liquidated some investments to settle outstanding debt and invest in new opportunities.
Advisory Services achieved a record Q1 in terms of both revenue and operating income, with revenue growing from roughly $76 million three years ago to an annual rate of over $100 million.
Significant transactions since FRG's take-private last year included the sales of Badcock Furniture and Sylvan Learning.
B. Riley declared a dividend of $0.50 per share, demonstrating its focus on returning value to shareholders.
The firm successfuly facilitated a transaction for the Conn franchise and recognized potential for securitization in the Pet Supplies Plus sphere.
The company is considering the sale of the Great American Group, aimed at capital recycling, given the right price.
Investment in businesses like American Freight and Targus is continuing, highlighting the company's positive outlook for growth in these sectors.
該公司進行了重大投資，包括對Nogin的投資，並清算了一些投資，以償還未償債務並投資新的機會。
諮詢服務在收入和營業收入方面均創下了創紀錄的第一季度，收入從三年前的約7,600萬美元增長到超過1億美元的年增長率。
自去年FRG私有化以來的重大交易包括Badcock Furniture和Sylvan Learning的銷售。
B. Riley宣佈派發每股0.50美元的股息，這表明其專注於向股東回報價值。
該公司成功地促進了康恩特許經營權的交易，並認識到Pet Supplies Plus領域的證券化潛力。
該公司正在考慮以合適的價格出售旨在回收資本的Great American Group。
對美國貨運和塔格斯等企業的投資仍在繼續，這凸顯了該公司在這些領域的積極增長前景。
More details: B. Riley Financial IR
更多詳情： B. 萊利金融投資者關係
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。