Business
StoneX Group Inc. Reports Fiscal 2021 Third Quarter Financial Results
Quarterly Operating Revenues of $431.5 million, up 34% Quarterly Net Income of $34.2 million Quarterly Diluted EPS of $1.67 per share, ROE of 15.5% NEW YORK,
About this update from Stonex Group Inc.
[{"type":"text","content":"Quarterly Operating Revenues of $431.5 million, up 34% Quarterly Net Income of $34.2 million Quarterly Diluted EPS of $1.67 per share, ROE of 15.5% NEW YORK, Aug. 09, 2021 (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 2021 third quarter ended June 30, 2021. Sean M. O’Connor, CEO of StoneX Group Inc., stated, “We continued to deliver strong financial results in our fiscal third quarter with a 34% increase in operating revenues and an ROE in excess of our 15% target. I am especially pleased that our year-to-date earnings are up 18% versus last year's exceptional results which were buoyed by the extreme market volatility resulting from the onset of the COVID-19 pandemic in early 2020. The continued growth in our trading volumes across nearly all of our platforms, as well as the increase in our client equity, which now stands at nearly $6 billion, reflect the expansion of our customer footprint and their deeper engagement with StoneX.\" StoneX Group Inc. Summary Financials Consolidated financial statements for the Company will be included in our Quarterly Report on Form 10-Q to be filed with the SEC. The Quarterly Report on Form 10-Q will also be made available on the Company’s website at www.stonex.com. Three Months Ended June 30, Nine Months Ended June 30,(Unaudited) (in millions, except share and per share amounts)2021 2020 % Change 2021 2020 % ChangeRevenues: Sales of physical commodities$9,785.9 $7,944.5 23 % $29,473.7 $38,939.4 (24)%Principal gains, net232.1 161.0 44 % 700.7 442.0 59 %Commission and clearing fees124.0 96.1 29 % 373.2 299.9 24 %Consulting, management, and account fees22.3 19.4 15 % 67.4 63.3 6 %Interest income27.8 22.4 24 % 72.4 110.1 (34)%Total revenues10,192.1 8,243.4 24 % 30,687.4 39,854.7 (23)%Cost of sales of physical commodities9,760.6 7,920.8 23 % 29,404.4 38,888.5 (24)%Operating revenues431.5 322.6 34 % 1,283.0 966.2 33 %Transaction-based clearing expenses67.1 55.3 21 % 207.3 165.4 25 %Introducing broker commissions41.8 24.0 74 % 120.8 79.8 51 %Interest expense14.5 11.5 26 % 35.5 70.4 (50)%Interest expense ...