A-Mark Precious Metals reports preliminary Q4 EPS $1.20, consensus 69c

Reports preliminary Q4 revenue $2.52B, consensus $2.72B. “Our fiscal year 2024 results demonstrate the continued strength and adaptability of our fully-integrated platform to generate profitable results even during slower market conditions,” said CEO Greg Roberts. “Despite the less favorable macro-economic environment and the softened demand compared with last fiscal year, we delivered preliminary earnings of $2.75 per diluted share and generated $104.2 million in preliminary non-GAAP EBITDA. Excluding an estimated preliminary $14.4 million remeasurement gain resulting from our incremental investment in SGB, our diluted earnings per share was $2.15 and our estimated preliminary non-GAAP EBITDA was $89.9 million. We also ended the year with over 3 million Direct-to-Consumer customers, reflecting the benefits of our strategic investments.”