Business
StoneX Group Inc. Reports Fiscal 2022 Fourth Quarter Financial Results
Record Fiscal 2022 Results, with Diluted EPS of $10.01, up 74% and Return on Equity of 21.0% Quarterly Operating Revenues of $583.4 million, up 50% Quarterly
About this update from Stonex Group Inc.
[{"type":"text","content":"Record Fiscal 2022 Results, with Diluted EPS of $10.01, up 74% and Return on Equity of 21.0% Quarterly Operating Revenues of $583.4 million, up 50% Quarterly Net Income of $52.3 million, ROE of 19.8% Quarterly Diluted EPS of $2.49 per share, up 592% NEW YORK, Nov. 21, 2022 (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 2022 fourth quarter ended September 30, 2022. Sean M. O’Connor, CEO of StoneX Group Inc., stated, “These results demonstrate the resiliency of our company during times of volatile markets and geo-economic uncertainties, and validates the ongoing investments we’ve made in the business. We realized strong growth across our operating segments resulting from increased client engagement as well as growth in our client base. We benefited from favorable market conditions with elevated volatility and increased interest rates on our growing client float but have not yet realized the full impact of rising interest rates on our earnings. We are confident that StoneX is well-positioned in fiscal 2023 to capitalize on the growing value we believe our franchise can deliver to empower our clients across all asset classes.” 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 Securities and Exchange Commission (“SEC”) which we expect to file on or about November 29, 2022. Upon filing, 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)2022 2021 % Change 2022 2021 % ChangeRevenues: Sales of physical commodities$15,838.5 $11,487.9 38% $64,052.6 $40,961.6 56%Principal gains, net 275.4 191.3 44% 1,145.2 892.0 28%Commission and clearing fees 126.3 114.0 11% 507.9 487.2 4%Consulting, management, and account fees 34.1 23.6 44% 111.3 91.0 22%Interest income 106.7 30.0 256% 219.0 102.4 114%Total revenues 16,381.0 11,846.8 38% 66,036.0 42,534.2 55%Cost of sales of physical ...