A-Mark Precious Metals, Inc. (AMRK) Q2 2022 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. Welcome to AMARC Precious Metals Conference call for the fiscal second quarter ended December 31st, 2021. My name is Sherry and I will be your operator this afternoon. Before this call, AMARC issued its results for the fiscal second quarter 2022 in a press release, which is available in the investor relations section of the company's website at www.amarc.com. You can find a link to the investor relations section at the top of the home page. Joining us for today's call are AMARC CEO Greg Roberts, President Thora Georgioum, and CFO Kathleen Simpson-Taylor. Following their remarks, we will open up the call for your questions. Then before we conclude the call, I'll provide the necessary questions regarding the forward-looking statements made by management during this call. I would like to remind everyone that this call is being recorded. and will be made available for replay via the link available in the Best Relations section of the AMARC website. Now I would like to turn the call over to AMARC CEO, Mr. Greg Roberts. Please proceed, sir. Thank you, Sherry, and good afternoon to everyone. Thank you for joining our call today. As you can see from our earnings release, Q2 marked another solid quarter as AMARC delivered $31.8 million of net income and diluted EPS of $2.61 a share. We also generated $49 million of adjusted net income before provision for income taxes, or $4.02 per diluted share. Our Q2 results reflect the strength of our fully integrated precious metals platform, combined with the continuation of the favorable macro conditions that had benefited our business over the past several quarters. We continue to experience robust demand from both our retail and wholesale customers, along with ongoing supply constraints, which have resulted in continu...