Business
INTL FCStone Inc. Reports Fiscal 2019 Fourth Quarter Financial Results
Record Quarterly Operating Revenues of $286.9 million, up 18% Record Annual Operating Revenues of $1,106.1 million, up 13% Annual Net Income of $85.1 million
About this update from Stonex Group Inc.
[{"type":"text","content":"Record Quarterly Operating Revenues of $286.9 million, up 18%\n Record Annual Operating Revenues of $1,106.1 million, up 13% Annual Net Income of $85.1 million Annual EPS of $4.39 per share, ROE of 15.5% NEW YORK, Dec. 11, 2019 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (the ‘Company’; NASDAQ: INTL), a diversified brokerage and financial services firm providing execution, risk management and advisory services, market intelligence and clearing services across asset classes and markets globally, today announced its financial results for the fiscal year 2019 fourth quarter ended September 30, 2019. Sean M. O’Connor, CEO of INTL FCStone Inc., stated, “This was the best annual result in our history, with all of our businesses expanding their client footprint and increasing segment income. Our ROE was 15.5%, which we believe to be a best in class result and empirical validation of our strategy. During fiscal 2019, organic growth was coupled with a number of targeted acquisitions which increased our product offering and capabilities while expanding our client footprint. We believe our financial platform connects our more than 20,000 commercial and institutional clients and over 80,0000 retail accounts to more global markets and liquidity sources, across asset classes, than any of our competitors. We are increasingly digitizing our platform to drive client engagement and better leverage our global infrastructure, which we believe should drive the growth of our franchise.” INTL FCStone Inc. Summary Financials Consolidated financial statements for the Company will be included in our Annual Report on Form 10-K to be filed with the SEC. The Annual Report on Form 10-K will also be made available on the Company’s website at www.intlfcstone.com. Three Months Ended September 30, Year Ended September 30,(Unaudited) (in millions, except share and per share amounts)2019 2018 % Change 2019 2018 % ChangeRevenues: Sales of physical commodities$11,005.7 $5,846.0 88% $31,830.3 $26,682.4 19%Principal gains, net110.4 83.6 32% 415.8 354.1 17%Commission and clearing fees90.3 93.8 (4)% 372.4 391.8 (5)%Consulting, management and account fees20.7 17.7 17% 79.6 71.1 12%Interest income52.5 37.7 39% 198.9 123.3 61%Total revenues11,279.6 6,078.8 86% 32,897.0 27,622.7 19%Cost of sales of physical commodities10,992.7 5,835.6 88% 31,790.9 26,646.9 19%Operating revenues28...