NASDAQ
15 hours, 53 minutes ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Executive Vice-Chairman Sean O'Connor Sells Shares
Sean O'Connor, Executive Vice-Chairman of StoneX Group Inc., sold a portion of his shares in multiple transactions.

NASDAQ
10 days, 15 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Exercises Options and Sells Shares
Philip Andrew Smith, CEO of StoneX Group Inc., exercised stock options and sold shares on April 17, 2025.

NASDAQ
14 days, 17 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Philip Andrew Smith Executes Stock Option and Sells Shares
StoneX Group's CEO, Philip Andrew Smith, exercised stock options and sold a portion of the acquired shares on April 15, 2025.

NASDAQ
18 days, 3 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group to Acquire R.J. O'Brien, Creating a Global Derivatives Market Leader
StoneX Group Inc. announces a definitive agreement to acquire R.J. O'Brien for approximately $900 million, strengthening its position in the global derivatives market.
Better than expected
 
Capital raise
 

NASDAQ
23 days, 13 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Philip Andrew Smith Sells 9,000 Shares
StoneX Group's CEO, Philip Andrew Smith, executed a sale of 9,000 shares of common stock at an average price of $69.5599 on April 4, 2025.

NASDAQ
28 days, 17 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Philip Smith Executes Stock Options and Sells Shares
StoneX Group's CEO, Philip Andrew Smith, exercised stock options and sold 45,000 shares of common stock on April 1, 2025.

NASDAQ
29 days, 12 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group Inc. Grants Stock Awards to Executive Based on Performance
StoneX Group Inc. grants restricted and performance-based stock awards to an executive, contingent on the company's return on equity (ROE) over a four-year period.

NASDAQ
29 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Executive Vice-Chairman Sean O'Connor Reports Acquisition and Disposal of Shares
Sean O'Connor, Executive Vice-Chairman of StoneX Group, reports acquiring 300,000 restricted shares and disposing of common stock on March 31, 2025.

NASDAQ
52 days, 17 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group Inc. Shareholder Meeting Results and Incentive Plan Amendment Approved
StoneX Group Inc. held its annual shareholder meeting, electing directors, ratifying KPMG as its auditor, approving executive compensation, and amending the 2022 Omnibus Incentive Compensation Plan.

NASDAQ
55 days, 11 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Annabelle G. Bexiga Reports Acquisition and Disposal of Shares
Director Annabelle G. Bexiga reports acquiring 1,017 restricted shares of StoneX Group Inc. as part of annual compensation and disposing of 10,907 shares.

NASDAQ
55 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Executive Stuart Davison Reports Stock Option Grant
Chief Operating Officer Stuart Davison reports acquisition of 135,000 stock options in StoneX Group Inc.

NASDAQ
55 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Steven A. Kass Acquires Restricted Shares as Part of Compensation Plan
Director Steven A. Kass acquired 1,017 restricted shares of StoneX Group Inc. as part of the company's Restricted Stock Plan.

NASDAQ
55 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Eric Parthemore Acquires Restricted Shares as Part of Annual Compensation
Director Eric Parthemore acquired 1,017 restricted shares of StoneX Group Inc. as part of the company's Restricted Stock Plan.

NASDAQ
55 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Radziwill Reports Acquisition of Restricted Stock
John Radziwill, a director at StoneX Group Inc., reported acquiring restricted shares of common stock as part of the company's Restricted Stock Plan.

NASDAQ
55 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Diane L. Cooper Reports Acquisition and Disposal of Shares
Director Diane L. Cooper reports acquiring and disposing of StoneX Group Inc. shares as part of annual compensation.

NASDAQ
55 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director John M. Fowler Reports Acquisition of Restricted Shares and Disposal of Common Stock
Director John M. Fowler reports acquisition of restricted shares and disposal of common stock of StoneX Group Inc.

NASDAQ
55 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Dhamu R. Thamodaran Reports Acquisition and Disposal of Shares
Director Dhamu R. Thamodaran reports acquiring and disposing of StoneX Group Inc. shares as part of the company's Restricted Stock Plan.

NASDAQ
62 days, 17 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director John M. Fowler Sells Shares
Director John M. Fowler of StoneX Group Inc. reports the sale of 4,042 shares of common stock at a price of $120.02 on February 26, 2025.

NASDAQ
70 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Executive Glenn Henry Stevens Sells 15,000 Shares
Glenn Henry Stevens, a retired officer of StoneX Group Inc., sold 15,000 shares of common stock at an average price of $117.8197 on February 18, 2025.

NASDAQ
78 days, 17 hours ago 
SNEX
Stonex Group INC
13F-HR: StoneX Group Inc. Discloses Q4 2024 13F Holdings
StoneX Group Inc. reports its holdings for the quarter ended December 31, 2024, with a total value of $1,549,078.

NASDAQ
79 days, 15 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group Inc. Announces Employment Agreement with Charles Lyon and Amendment to Sean O'Connor's Agreement
StoneX Group Inc. has entered into an employment agreement with Charles Lyon, appointing him as Group President, and amended the employment agreement with Sean O'Connor, removing his eligibility for the annual bonus and long-term incentive plan.

NASDAQ
85 days, 15 hours ago 
SNEX
Stonex Group INC
10-Q: StoneX Group Inc. Reports Record Net Operating Revenues and Net Income for Q1 Fiscal 2025
StoneX Group Inc. announces record financial results for the first quarter of fiscal year 2025, driven by growth in client engagement and strong performance in physical contracts.
Better than expected
 

NASDAQ
85 days, 16 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group Inc. Announces Record First Quarter Financial Results and Three-for-Two Stock Split
StoneX Group Inc. reports record quarterly net operating revenues of $492.1 million and announces a three-for-two stock split.
Better than expected
 

NASDAQ
87 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Acquires Restricted Shares Through Stock Program
Director Dhamu R. Thamodaran acquired 100 restricted shares of StoneX Group Inc. common stock on January 31, 2025, through the company's Restricted Stock Program.

NASDAQ
87 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Diane L. Cooper Reports Acquisition of Restricted Shares
Director Diane L. Cooper reports acquisition of restricted shares of StoneX Group Inc. through the company's Restricted Stock Program.

NASDAQ
87 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Steven A. Kass Acquires Restricted Shares
Director Steven A. Kass reports acquisition of 123 restricted shares of StoneX Group Inc. on January 31, 2025.

NASDAQ
87 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director John Moore Fowler Reports Acquisition of Restricted Shares
Director John Moore Fowler reports acquisition of restricted shares in StoneX Group Inc.

NASDAQ
87 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Director Radziwill Acquires Restricted Shares
John Radziwill, Chairman of the Board at StoneX Group Inc., reports acquisition of restricted shares and disposal of common stock.

NASDAQ
98 days, 17 hours ago 
SNEX
Stonex Group INC
DEFA14A: StoneX Group Inc. Files Definitive Additional Materials for Proxy Statement
StoneX Group Inc. has filed definitive additional materials related to its proxy statement with the Securities and Exchange Commission.

NASDAQ
98 days, 17 hours ago 
SNEX
Stonex Group INC
DEF 14A: StoneX Group Seeks Stockholder Approval for Amended Incentive Plan
StoneX Group Inc. is asking stockholders to approve an amendment to its 2022 Omnibus Incentive Compensation Plan to increase the number of shares authorized for issuance.
Better than expected
 

NASDAQ
135 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CFO William Dunaway Reports Share Transactions
StoneX Group's Chief Financial Officer, William Dunaway, reported the acquisition of restricted shares and the disposal of common stock, including a charitable gift.

NASDAQ
135 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Executive Abigail H. Perkins Reports Stock Transactions
StoneX Group Inc.'s Chief Information Officer, Abigail H. Perkins, reported the acquisition of restricted shares and the sale of common stock.

NASDAQ
135 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. COO, Stuart Davison, Reports Share Transactions
StoneX Group Inc.'s Chief Operating Officer, Stuart Davison, reported acquiring restricted shares and disposing of shares to cover tax obligations.

NASDAQ
135 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Philip Andrew Smith Reports Stock Transactions
StoneX Group CEO Philip Andrew Smith reports the acquisition of restricted shares and the disposal of common stock to cover tax obligations.

NASDAQ
135 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Executive Charles M. Lyon Reports Share Transactions
StoneX Group Inc. President Charles M. Lyon reported the acquisition of restricted shares and the disposal of common stock through gifting.

NASDAQ
135 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Executive Diego Rotsztain Reports Share Transactions
StoneX Group Inc.'s Chief Governance/Legal Officer, Diego Rotsztain, reported the acquisition and disposal of company shares, including restricted stock and sales to cover tax obligations.

NASDAQ
135 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Executive Vice-Chairman Acquires Restricted Shares
Sean M. O'Connor, Executive Vice-Chairman of StoneX Group, acquired 13,234 restricted shares of common stock on December 13, 2024, as part of the company's Executive Performance Plan.

NASDAQ
136 days, 0 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Chief Accounting Officer Reports Stock Transactions
StoneX Group's Chief Accounting Officer, Aaron Schroeder, acquired restricted shares and disposed of common stock in recent transactions.

NASDAQ
136 days, 17 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Chief Risk Officer Sells Shares and Receives Restricted Stock
StoneX Group's Chief Risk Officer, Mark Lowry Maurer, sold 5,000 shares of common stock and received 6,922 restricted shares.

NASDAQ
144 days, 1 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group Announces Executive Leadership Transition: O'Connor to Vice-Chairman, Smith Named CEO
StoneX Group Inc. has announced a significant shift in its executive leadership, with Sean O'Connor transitioning to Executive Vice-Chairman and Philip Smith stepping in as Group CEO.

NASDAQ
146 days, 15 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Sean O'Connor Reports Share Disposals Through Gifts
StoneX Group CEO Sean O'Connor reported disposing of 15,450 shares of common stock through gifts to a charitable foundation.

NASDAQ
153 days, 23 hours ago 
SNEX
Stonex Group INC
10-K: StoneX Group Inc. Reports Fiscal Year 2024 Results, Highlights Strategic Growth and Regulatory Compliance
StoneX Group Inc. reports a strong fiscal year 2024, marked by increased client engagement, expanded product offerings, and strategic acquisitions, while navigating a complex regulatory landscape.
Better than expected
 
Delay expected
 

NASDAQ
156 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Sells Shares in Multiple Transactions
StoneX Group CEO, Sean O'Connor, sold 40,000 shares of common stock in two transactions, reducing his holdings.

NASDAQ
156 days, 16 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Inc. Executive Diego Rotsztain Sells Shares
StoneX Group Inc.'s Chief Governance/Legal Officer, Diego Rotsztain, sold a total of 6,858 shares of common stock in two transactions.

NASDAQ
157 days, 17 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Director Sells 1,800 Shares
John M. Fowler, a director at StoneX Group Inc., sold 1,800 shares of common stock at a price of $100.14 per share on November 22, 2024.

NASDAQ
163 days, 16 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group Inc. Announces Record Fiscal Year and Fourth Quarter Results
StoneX Group Inc. reported a record fiscal year with net income up 9% and a strong fourth quarter with net income up 51% year-over-year.
Better than expected
 

NASDAQ
170 days, 17 hours ago 
SNEX
Stonex Group INC
13F-HR: StoneX Group Inc. Discloses Q3 2024 Investment Portfolio
StoneX Group Inc. reports its holdings for the quarter ended September 30, 2024, with a total portfolio value of $1,135,910.

NASDAQ
171 days, 0 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group Subsidiary CEO, Philip Andrew Smith, Sells 3,500 Shares
Philip Andrew Smith, Subsidiary CEO of StoneX Group Inc., executed a sale of 3,500 shares of common stock at an average price of $97.5779 on November 7, 2024.

NASDAQ
175 days, 0 hours ago 
SNEX
Stonex Group INC
Form 4: StoneX Group CEO Sean O'Connor Sells Shares
Sean O'Connor, CEO of StoneX Group Inc., sold 37,500 shares of common stock on November 6, 2024.

NASDAQ
175 days, 13 hours ago 
SNEX
Stonex Group INC
8-K: StoneX Group Abandons Bid for CAB Payments, Citing No Intention to Make Offer
StoneX Group Inc. has announced it will not pursue its previously considered acquisition of CAB Payments Holdings plc.
Worse than expected
 

SNEX 
Stonex Group INC 
NASDAQ

8-K: StoneX Group Inc. Announces Record Fiscal Year and Fourth Quarter Results

Sentiment:
 Quarterly Report
 19 November 2024 4:24 PM

StoneX Group Inc. reported a record fiscal year with net income up 9% and a strong fourth quarter with net income up 51% year-over-year.

Better than expected
  The company's net income and EPS significantly exceeded the prior year's results, indicating better than expected performance.  The company's revenue growth and increased trading volumes across most segments also point to better than expected results. 

Summary
  • StoneX Group Inc. reported a record fiscal year 2024 with net income of $260.8 million, a 9% increase compared to the previous year.
  • The company's fourth quarter net income reached $76.7 million, a 51% increase year-over-year, with a return on equity of 18.5%.
  • Diluted earnings per share for the quarter were $2.32, up 48% from the same period last year.
  • Net operating revenues for the quarter were $454.8 million, a 13% increase compared to the prior year period.
  • The company experienced increased client engagement and volumes across most operating segments and products.
  • The annual diluted EPS was $7.96, up 7% from the previous year.
Sentiment

Score: 8

Explanation: The document conveys a positive sentiment due to record financial results, significant growth in key metrics, and management's optimistic outlook. However, there are some negative aspects such as declines in certain revenue streams and increased interest expenses, which temper the overall sentiment.

Highlights
  • StoneX Group Inc. achieved record fiscal year results with a net income of $260.8 million, up 9% year-over-year.
  • The company's fourth quarter net income was $76.7 million, a 51% increase compared to the same quarter last year.
  • Quarterly diluted EPS reached $2.32 per share, a 48% increase year-over-year.
  • The company's return on equity for the quarter was 18.5%.
  • Net operating revenues for the quarter increased by 13% to $454.8 million.
  • Sales of physical commodities increased by 90% for the quarter and 66% for the year.
  • Interest income increased by 33% for the quarter and 41% for the year.
  • Listed derivatives volumes increased by 46% for the quarter and 34% for the year.
  • Securities average daily volume increased by 34% for the quarter and 36% for the year.
Positives
  • The company experienced strong client engagement with increased volumes across nearly all operating segments and products.
  • The company's expanding global footprint and diversified product offering are expected to deliver superior service to clients and returns to shareholders.
  • The company saw a significant increase in sales of physical commodities, with a 90% increase for the quarter and 66% for the year.
  • Interest income increased significantly, by 33% for the quarter and 41% for the year.
  • Listed derivatives volumes increased by 46% for the quarter and 34% for the year.
  • Securities average daily volume increased by 34% for the quarter and 36% for the year.
  • The company's adjusted net income for the year was $264.2 million, up 18% year-over-year.
Negatives
  • Operating revenues derived from OTC derivatives declined by $13.7 million, primarily due to a 26% decrease in the average rate per contract.
  • Payments operating revenues declined by $5.6 million, mainly due to a 20% decrease in the payments RPM.
  • Average money market/FDIC sweep client balances decreased by 15% for the quarter and 24% for the year.
  • The company experienced a $3.7 million loss on the extinguishment of debt related to the write-off of unamortized original issue discount and deferred financing costs.
Risks
  • The company's performance is subject to market volatility, which can impact trading volumes and revenues.
  • Changes in interest rates can affect the company's interest income and expense.
  • The company faces risks related to its global operations, including regulatory and compliance risks.
  • The company's forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially.
Future Outlook

The company believes its expanding global footprint and diversified product offering positions it to deliver superior service to its clients and returns to its shareholders. The company's forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially.

Management Comments
  • Sean M. OConnor, the Company's CEO, stated that the company experienced continued strong client engagement with increased volumes across nearly all of its operating segments and products despite relatively low volatility.
  • The CEO also highlighted the record annual result, with earnings of $260.8 million, or $7.96 per diluted share, which were up 9% and 7%, respectively.
Industry Context

The results reflect a strong performance in a competitive financial services industry, with increased client engagement and trading volumes. The company's diversified product offering and global footprint appear to be contributing to its success. The company's performance is also influenced by market volatility and interest rate changes, which are common factors in the industry.

Comparison to Industry Standards
  • StoneX's 18.5% ROE for the quarter is strong compared to many financial services firms, although specific benchmarks vary widely depending on the type of business.
  • Companies like Interactive Brokers (IBKR) and Charles Schwab (SCHW) are competitors in the brokerage space, and their ROE and growth rates would be relevant for comparison.
  • The 34% increase in securities ADV is a significant growth metric, and it would be useful to compare this to the growth rates of other brokerage firms.
  • The company's performance in physical commodities is notable, with a 90% increase in sales for the quarter, which is a significant increase compared to many other financial services companies.
Stakeholder Impact
  • Shareholders will likely react positively to the strong financial results and increased returns.
  • Employees may benefit from the company's growth and success.
  • Clients will likely benefit from the company's expanding services and capabilities.
  • Creditors may view the company's strong financial position favorably.
Next Steps
  • The company will file its Annual Report on Form 10-K with the SEC.
  • A conference call will be held on November 20, 2024, to discuss the financial results.
Key Dates
  • November 17, 2023: Record date for a three-for-two stock dividend.
  • November 24, 2023: The company effected a three-for-two stock dividend.
  • March 1, 2024: Issuance of 7.875% Senior Secured Notes due 2031.
  • June 17, 2024: Redemption of 8.625% Senior Secured Notes due 2025.
  • September 30, 2024: End of the fiscal year and fourth quarter.
  • November 19, 2024: Date of the press release and 8-K filing.
  • November 20, 2024: Date of the conference call to discuss financial results.
Keywords
financial services, derivatives, securities, commodities, trading, net income, revenue, EPS, StoneX, SNEX

SNEX 
Stonex Group INC 
NASDAQ
Sector: Financial Services
 
Filings with Classifications
Capital raise
14 April 2025 7:02 AM

Merger Announcement
  • StoneX has obtained fully committed bridge financing for the cash portion of the consideration.
  • StoneX plans to issue approximately $625 million of long-term debt prior to the closing date.
Better than expected
14 April 2025 7:02 AM

Merger Announcement
  • The acquisition is expected to enhance margins, EPS, and return on equity.
  • Consolidation of operations is expected to drive more than $50mm in expense synergies and unlock at least $50mm in capital synergies.
Better than expected
5 February 2025 5:22 PM

Quarterly Report
  • The company achieved record net operating revenues and net income, indicating better than expected financial performance.
  • Operating revenues increased by 20%, demonstrating strong growth compared to the previous year.
  • Diluted earnings per share were $2.54, higher than the $2.13 reported in the prior year.
Better than expected
5 February 2025 4:25 PM

Quarterly Report
  • The company reported record quarterly net operating revenues, net income, and diluted EPS, indicating better than expected financial performance.
Better than expected
23 January 2025 4:12 PM

Proxy Statement
  • The company achieved record operating revenues, net income, and stockholders' equity, indicating better-than-expected financial performance.
Better than expected
29 November 2024 9:20 AM

Annual Results
  • The company's operating revenues increased by 18% to $3,436.2 million.
  • Net income rose to $260.8 million, a 9% increase compared to the previous year.
  • Diluted earnings per share reached $7.96, up from $7.45 in the prior year.
Delay expected
29 November 2024 9:20 AM

Annual Results
  • The redemption of the Notes due 2025 did not occur until June 17, 2024, in order to redeem those notes at par.
Better than expected
19 November 2024 4:24 PM

Quarterly Report
  • The company's net income and EPS significantly exceeded the prior year's results, indicating better than expected performance.
  • The company's revenue growth and increased trading volumes across most segments also point to better than expected results.
Worse than expected
7 November 2024 7:24 PM

Merger Announcement Update
  • The abandonment of the acquisition is worse than expected as it indicates a change in strategic direction and potential loss of opportunity for StoneX.
Worse than expected
6 August 2024 5:46 PM

Quarterly Report
  • Net income decreased by 11% and diluted earnings per share decreased from $2.17 to $1.88 compared to the same quarter last year.
Worse than expected
6 August 2024 4:20 PM

Quarterly Report
  • Although the company achieved record net operating revenues, the net income and diluted EPS were down compared to the prior year, indicating worse than expected profitability.
Better than expected
8 May 2024 6:38 PM

Quarterly Report
  • The company's operating revenues and net income increased significantly year-over-year, indicating better than expected performance.
Better than expected
8 May 2024 4:28 PM

Quarterly Report
  • The company's operating revenues, net income, and diluted EPS all exceeded the prior year's results, indicating better than expected performance.
Capital raise
16 February 2024 4:18 PM

Debt Offering Announcement
  • StoneX Group Inc. is raising $550 million through the issuance of senior secured notes.
  • The notes are being offered in a private placement to qualified institutional buyers and certain persons outside the United States.
Capital raise
15 February 2024 9:07 AM

Debt Offering Announcement
  • StoneX Group is conducting a private offering of $550 million in senior secured notes due 2031.
  • The notes will be offered to qualified institutional buyers and certain persons outside the United States.
  • The proceeds will be used to redeem existing debt and repay borrowings under the senior secured revolving credit facility.
Worse than expected
6 February 2024 5:29 PM

Quarterly Report
  • Net income decreased due to a non-recurring gain in the prior year and reduced market volatility.
  • Diluted earnings per share decreased from $2.41 to $2.13.
Better than expected
6 February 2024 4:40 PM

Quarterly Report
  • The company's adjusted net income increased by 27% year-over-year, indicating better than expected underlying performance when excluding the impact of a prior year acquisition gain.
  • The company's operating revenues increased by 20% year-over-year, indicating better than expected growth.

Disclaimer: This summary was generated by artificial intelligence and its accuracy is not guaranteed. The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.