NASDAQ$RILY
BRC Group Holdings Inc · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
B. Riley reported strong Q3 2020 results with increased revenues and net income.
B. Riley Financial announced strong third-quarter results, with consolidated revenues of $226.3 million and net income of $47.3 million, or $1.75 per diluted share. The capital markets group was the primary driver of growth, with strong performance in liquidation business and steady cash flows from valuation business, brand portfolio, and wholly-owned subsidiaries.
- Q3 2020 consolidated revenues reached $226.3 million.
- Net income for Q3 2020 was $47.3 million, or $1.75 per diluted share.
- Operating adjusted EBITDA grew by over 90%.
- The regular quarterly cash dividend was raised to $0.375 per common share.
Headline financials
Revenue & EPS history
B. Riley · Revenue · Quarterly
$226M
Revenue by segment
B. Riley · $232M total across 4 segments · Q3 2023
- Communications$85M+9.1%36.6%
- Consumer Products$55.1M—23.7%
- Wealth Management$47.2M-2.0%20.3%
- Capital Markets$45M-74.9%19.4%
Forward guidance
B. Riley anticipates delivering strong growth in the fourth quarter and increased its regular quarterly dividend due to its strong performance and confidence in its business strategy.
Tailwinds
- Clear line of sight to delivering strong growth in the fourth quarter.
- Increased regular quarterly dividend to $0.375.
- Overall business has become increasingly diversified and recurring in nature.
- Will continue to consider special dividends when appropriate.
- Will continue to opportunistically repurchase shares.
Headwinds
- Risks associated with the unpredictable and ongoing impact of the COVID-19 pandemic.
- Risks described in B. Riley Financial, Inc.’s periodic filings with the SEC.
- Potential factors that could cause actual results to differ materially.
- Risks described in B. Riley Financial, Inc.’s Annual Report on Form 10-K for the year ended December 31, 2019.
- Risks described in B. Riley Financial, Inc.’s Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020
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 Q3 2020
+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
| Quarter | Report date | Reaction (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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