Business
StoneX Group Inc. Reports Fiscal 2020 Fourth Quarter Financial Results
Quarterly Operating Revenues of $342.1 million, up 19% Quarterly Net Income of $77.4 million, up 185% Quarter Diluted EPS of $3.90 per share, ROE of 42.5% NEW
About this update from Stonex Group Inc.
[{"type":"text","content":"Quarterly Operating Revenues of $342.1 million, up 19% Quarterly Net Income of $77.4 million, up 185% Quarter Diluted EPS of $3.90 per share, ROE of 42.5% NEW YORK, Dec. 09, 2020 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the ‘Company’; NASDAQ: SNEX), a diversified global brokerage and financial services firm providing execution, risk management and advisory services, market intelligence and clearing services across multiple asset classes and markets around the world, today announced its financial results for the fiscal year 2020 fourth quarter ended September 30, 2020. Sean M. O’Connor, CEO of StoneX Group Inc., stated, “Despite the unprecedented pandemic and its impact on the economy and markets in general, fiscal 2020 was a year of significant milestones and accomplishments for our company. We achieved record results on a consolidated basis and in nearly every business area, completed several transactions, including the major strategic acquisition of Gain Capital Holdings, Inc. (“Gain”) and rebranded the company with an eye toward our future. In addition to record annual earnings from our on-going operations, we realized a significant amount of non-operating income during the quarter, primarily resulting from the gain on acquisition relating to the Gain transaction. We are well placed to take advantage of the continued consolidation of our industry with greater scale and earnings power and more diversity in terms of products and customers.” StoneX Group 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.stonex.com. Three Months Ended September 30, Year Ended September 30,(Unaudited) (in millions, except share and per share amounts)2020 2019 % Change 2020 2019 % ChangeRevenues: Sales of physical commodities$13,959.8 $11,005.7 27 % $52,899.2 $31,830.3 66 %Principal gains, net180.2 110.4 63 % 622.2 415.8 50 %Commission and clearing fees103.7 90.3 15 % 403.6 372.4 8 %Consulting, management and account fees20.4 20.7 (1)% 83.7 79.6 5 %Interest income20.8 52.5 (60)% 130.9 198.9 (34)%Total revenues14,284.9 11,279.6 27 % 54,139.6 32,897.0 65 %Cost of sales of physical commodities13,942.8 10,992.7 27 % 52,831.3 31,790.9 66 %Operating revenues342.1 286....