A-Mark Precious Metals, Inc. Reports Earnings Results for the First Quarter Ended September 30, 2023
November 08, 2023 at 10:24 pm
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A-Mark Precious Metals, Inc. reported earnings results for the first quarter ended September 30, 2023. For the first quarter, the company reported sales was USD 2,484.62 million compared to USD 1,900.35 million a year ago. Net income was USD 18.83 million compared to USD 45.13 million a year ago.
Basic earnings per share from continuing operations was USD 0.81 compared to USD 1.93 a year ago. Diluted earnings per share from continuing operations was USD 0.77 compared to USD 1.83 a year ago.
A-Mark Precious Metals, Inc. is a fully integrated precious metals platform. The Company offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers. The company conducts its operations through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment operates as a full-service precious metals company. The Company operates its Direct-to-Consumer segment through its wholly owned subsidiaries JM Bullion, Inc. (JMB) and Goldline, Inc. The Company operates its Secured Lending segment through its wholly owned subsidiary Collateral Finance Corporation, LLC (CFC). JM Bullion is an e-commerce retailer of precious metals and operates seven separately branded, Company-owned websites such as JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org, BGASC.com, CyberMetals.com, and BullionMax.com.