NASDAQ$RILY

BRC Group Holdings Inc · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

B. Riley's Q1 2023 results demonstrated versatility and resiliency, with strategic initiatives enhancing the company's diversified model amidst challenging market conditions.

B. Riley Financial reported a 75% increase in total revenues to $432.1 million for Q1 2023, driven by recent acquisitions and increased interest income from securities lending. Net income applicable to common shareholders was $15.1 million, or $0.51 diluted EPS. Total Adjusted EBITDA increased 133% to $94.8 million.

  • Total revenues increased 75% to $432.1 million compared to the prior year quarter.
  • Net income applicable to common shareholders was $15.1 million, or $0.51 diluted EPS.
  • Total Adjusted EBITDA increased 133% to $94.8 million.
  • The Company declared a regular quarterly cash dividend of $1.00 per common share.

Headline financials

Total Revenue

$432M

Previous: $206M+110.2%
EPS (adj)

$0.51

Previous: $0.24+112.5%
Capital Expenditures

-$1.7M

Previous: -$176K-863.6%
Free Cash Flow

$15.5M

Previous: -$10.2M+251.0%
Net Income

$17.2M

Previous: -$10.1M+270.5%
Operating Income

$84.9M

Previous: $4.72M+1698.5%
Gross Profit

$384M

Previous: $203M+89.1%
Cash & Equivalents

$210M

Previous: $214M-1.7%
Total Assets

$6.62B

Previous: $5.25B+26.0%
Stock-Based Comp

$13.7M

Previous: $17M-19.2%

Revenue & EPS history

B. Riley · Revenue · Quarterly

$432M

Q1 2023+110.2%vs Q1 2022

Revenue by segment

B. Riley · $232M total across 4 segments · Q3 2023

  • Communications
    $85M+9.1%
  • Consumer Products
    $55.1M
  • Wealth Management
    $47.2M-2.0%
  • Capital Markets
    $45M-74.9%

Forward guidance

B. Riley sees opportunities to capitalize on market dislocations and remains steadfast in its strategy.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2023

Historical avgQ1 2023

+2.4%

Avg return

Earnings day

+2.6%

Avg return

5 days after

+2.9%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+30.0%

Q1 2011

Best reaction

-17.5%

Q3 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%-2.8%-5.6%
Q4 2025+2.1%+0.1%+22.7%
Q3 2025+1.2%+19.5%-8.3%
Q1 2025-15.3%-14.7%-0.2%
Q4 2024+15.0%+4.0%+3.5%
Q3 2024-15.5%-26.1%-39.1%
Q2 2024+19.0%+26.6%+7.8%
Q1 2024-16.7%-10.3%-39.8%
Q4 2023-11.5%+10.5%+11.1%
Q3 2023-13.5%-36.7%-27.3%
Q2 2023-8.9%-4.5%-15.6%
Q1 2023+27.5%+36.2%+30.3%
Q4 2022-5.5%+1.6%-9.5%
Q3 2022+9.1%+9.1%+15.0%
Q2 2022+1.5%+5.4%+2.3%
Q1 2022-15.2%-4.5%+3.2%
Q4 2021-7.2%-5.5%+12.0%
Q3 2021+15.8%+21.7%+25.8%
Q2 2021+1.1%-2.4%+0.8%
Q1 2021-5.6%+5.7%-0.2%
Q4 2020+12.8%+12.9%-6.7%
Q3 2020+6.4%+12.9%+48.3%
Q2 2020+5.2%+11.4%+11.6%
Q1 2020+5.2%+0.8%+34.1%
Q4 2019-2.9%-7.6%-33.9%
Q3 2019+15.5%+21.9%+19.9%
Q2 2019+8.3%+6.3%+12.2%
Q1 2019+4.5%+7.8%+9.4%
Q4 2018-2.9%-3.3%-1.3%
Q3 2018+0.3%-3.9%-7.1%
Q2 2018+0.5%+0.2%+4.8%
Q1 2018+8.7%+6.9%+5.2%
Q4 2017+1.6%+1.9%+2.7%
Q3 2017+0.3%+3.1%+13.3%
Q2 2017-6.8%-14.6%-11.1%
Q1 2017-0.3%-2.4%+5.8%
Q4 2016+4.5%+3.4%+3.5%
Q3 2016+0.0%+10.8%+9.9%
Q2 2016+0.3%+0.5%+4.7%
Q1 2016+0.6%
Q4 2015+0.0%
Q3 2015-1.5%
Q2 2015+3.6%
Q1 2015+0.0%
Q4 2014+0.0%
Q3 2014+1.9%
Q2 2014-0.4%
Q4 2013+16.8%
Q1 2014+16.8%
Q3 2013-17.5%
Q2 2013-14.9%
Q1 2013+25.6%
Q4 2012+25.6%
Q3 2012-13.4%
Q2 2012+25.0%
Q1 2011+30.0%
Q1 2012+0.0%
Q4 2011+0.0%
Q4 2009+0.0%
Q3 2011-3.5%
Q2 2011+0.0%
Q4 2010+0.0%
Q3 2010+25.0%
Q2 2010+0.0%
Q1 2010-1.2%

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