Business
StoneX Group Inc. Reports Fiscal 2023 Fourth Quarter Financial Results
Record Fiscal Year Results in 2023, with Diluted EPS of $11.18, up 12% and ROE of 19.5% Quarterly Operating Revenues of $778.0 million, up 33% Quarterly Net
About this update from Stonex Group Inc.
[{"type":"text","content":"Record Fiscal Year Results in 2023, with Diluted EPS of $11.18, up 12% and ROE of 19.5% Quarterly Operating Revenues of $778.0 million, up 33% Quarterly Net Income of $50.7 million, ROE of 15.0% Quarterly Diluted EPS of $2.36 per share NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the “Company”; NASDAQ: SNEX), a global financial services network that connects companies, organizations, traders and investors to the global market ecosystem through a unique blend of digital platforms, end-to-end clearing and execution services, high touch service and deep expertise, today announced its financial results for the fiscal year 2023 and fourth quarter ended September 30, 2023. Sean M. O’Connor, the Company’s CEO, stated, “We achieved solid results in our fiscal fourth quarter, with pre-tax earnings of $75.4 million, up 14% compared to the prior year quarter. These strong fourth quarter results contributed to a record full fiscal year financial performance, with diluted earnings per share of $11.18, up 12%, an increase in net asset value per share of $13.61, up 26%, and an ROE of 19.5% for the year. These results were driven by continued client engagement and increased interest earnings on our client float, despite generally moderating volatility. We believe that our diversified business model continues to position us to deliver strong results to our shareholders in the current market environment.” 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 (the “SEC”) which we expect to file on or about November 21, 2023. 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) 2023 2022 % Change 2023 2022 % ChangeRevenues: Sales of physical commodities$15,902.4 $15,838.5 —% $58,131.2 $64,052.6 (9)%Principal gains, net 269.1 275.4 (2)% 1,079.9 1,145.2 (6)%Commission and clearing fees 122.9 126.3 (3)% 498.4 507.9 (2)%Consulting, management, and account fees 39.3 34.1 15% 159.0 111.3 43%Interest income 301.9 106.7 183% 987.6 219.0 351%Total revenues 16,635.6 16,381.0 2% 60,856.1 66,036.0 (8)%Cost of sales of physical...