Business
StoneX Group Inc. Reports Fiscal 2024 Fourth Quarter Financial Results
Record Fiscal Year Results, with Net Income of $260.8 million, up 9% Quarterly Net Operating Revenues of $454.8 million, up 13% Record Quarterly Net Income of
About this update from Stonex Group Inc.
[{"type":"text","content":"Record Fiscal Year Results, with Net Income of $260.8 million, up 9% Quarterly Net Operating Revenues of $454.8 million, up 13% Record Quarterly Net Income of $76.7 million, ROE of 18.5% Quarterly Diluted EPS of $2.32 per share, up 48% NEW YORK, Nov. 19, 2024 (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 2024 fourth quarter ended September 30, 2024. Sean M. O’Connor, the Company’s CEO, stated, “For the fiscal fourth quarter, net income was $76.7 million, a 51% increase over the prior year period, with diluted EPS of $2.32, representing an 18.5% return on equity for the quarter. We experienced continued strong client engagement with increased volumes across nearly all of our operating segments and products despite relatively low volatility. We also achieved another record annual result, with earnings of $260.8 million, or $7.96 per diluted share, which were up 9% and 7%, respectively. We believe our expanding global footprint and diversified product offering positions us to deliver superior service to our clients and returns to our shareholders.” 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”). 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 EndedSeptember 30, Year EndedSeptember 30,(Unaudited) (in millions, except share and per share amounts) 2024 2023 % Change 2024 2023 % ChangeRevenues: Sales of physical commodities$30,247.2 $15,902.4 90% $96,586.2 $58,131.2 66%Principal gains, net 308.4 269.1 15% 1,189.6 1,079.9 10%Commission and clearing fees 139.1 122.9 13% 548.0 498.4 10%Consulting, management, and account fees 43.2 39.3 10% 167.2 159.0 5%Interest income 401.1 301.9 33% 1,396.8 987.6 41%Total revenues 31,139.0 16,635.6 87% 99,887.8 60,856.1 64%Cost of sales of physical commodities 30,218.9 15,857.6 91% 96,451.6 57,942.0 66%Operating revenues 920.1 778.0 18%...