NASDAQ$RILY

BRC Group Holdings Inc · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

B. Riley reported increased revenues and net income for Q4 2019, driven by record investment banking revenues and gains from the investment portfolio.

B. Riley Financial reported Q4 2019 revenues of $165.2 million and net income of $16.9 million. The company's performance was driven by record investment banking revenues and gains from its investment portfolio. The company also declared a quarterly dividend of $0.35 per common share.

  • Q4 2019 revenue increased to $165.2 million from $102.0 million in Q4 2018.
  • Net income increased to $16.9 million, or $0.59 per diluted share, compared to a loss of $8.8 million in Q4 2018.
  • Brand holdings contributed $4.1 million in revenue and $2.7 million in operating income.
  • Adjusted EBITDA increased to $50.3 million compared to $11.2 million for the fourth quarter of 2018.

Headline financials

Total Revenue

$165M

Previous: $102M+61.9%
EPS (adj)

$0.83

Previous: $0.03+2666.7%
Capital Expenditures

$576K

Previous: $3.12M-81.5%
Free Cash Flow

-$77.2M

Previous: -$29M-165.8%
Net Income

$16.9M

Previous: -$8.81M+291.9%
Operating Income

$2.7M

Previous: -$6.53M+141.3%
Gross Profit

$135M

Previous: $76.8M+75.5%
Cash & Equivalents

$832M

Previous: $179M+363.8%
Total Assets

$361M

Previous: $1.96B-81.6%
Stock-Based Comp

$5.64M

Previous: $4.39M+28.4%

Revenue & EPS history

B. Riley · Revenue · Quarterly

$165M

Q4 2019+61.9%vs Q4 2018

Revenue by segment

B. Riley · $85.8M total across 2 segments · Q4 2019

  • Capital Markets
    $66.4M
  • Wealth Management
    $19.5M

Forward guidance

B. Riley expects growth in 2020 with a full year of brand investments and sees the balance sheet as a differentiator for gaining market share.

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 Q4 2019

Historical avgQ4 2019

+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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