Welcome to our dedicated page for A-Mark Precious news (Ticker: AMRK), a resource for investors and traders seeking the latest updates and insights on A-Mark Precious stock.
A-Mark Precious Metals, Inc. (AMRK) provides investors and industry stakeholders with critical updates through this dedicated news hub. As a leading fully integrated precious metals platform, the company's announcements span wholesale trading activities, retail operations through subsidiaries like JM Bullion, and secured lending via Collateral Finance Corporation.
This resource aggregates official press releases, regulatory filings, and market-moving developments. Users will find updates on quarterly earnings, strategic partnerships, inventory acquisitions, and operational expansions. The curated collection serves as a reliable reference for tracking AMRK's position in global bullion markets and ancillary services.
Content categories include product launches, mint collaborations, logistics advancements, and financial performance reports. Each entry maintains factual accuracy while avoiding speculative commentary, adhering to strict compliance standards.
Bookmark this page for streamlined access to A-Mark's evolving business narrative. Regular updates ensure stakeholders stay informed about the company's role in precious metals distribution, storage solutions, and commodity-backed financial services.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading fully integrated precious metals platform, has announced a quarterly cash dividend of $0.20 per share. This decision maintains the company's current dividend program. The dividend will be payable on October 22, 2024, to stockholders of record as of October 8, 2024. This announcement demonstrates A-Mark's commitment to providing regular returns to its shareholders, reflecting the company's financial stability and confidence in its business model.
A-Mark Precious Metals (NASDAQ: AMRK) reported preliminary results for fiscal Q4 and full year 2024. The company achieved $9.7 billion in revenues for FY 2024 with preliminary diluted EPS of $2.75 ($2.15 excluding a $14.4 million estimated remeasurement gain). Despite softer market conditions, A-Mark delivered profitable results, demonstrating the strength of its integrated platform. Key highlights include:
- Q4 gross profit increased 23% from Q3
- Over 3 million Direct-to-Consumer customers by year-end
- Significant international expansion through LPM Group acquisition and increased stake in Silver Gold Bull
- Repurchased $22.4 million of common stock
- Amended credit facility, increasing revolving commitment to $422.5 million
The company reaffirmed its regular quarterly cash dividend of $0.20 per share and remains optimistic about its business model's ability to sustain profitability and generate long-term shareholder value.
Aramark Sports + Entertainment (NYSE: ARMK) is expanding its NCAA portfolio and implementing major renovations ahead of the 2024 college football season. The company has added Georgia Southern University and Washington State University as new clients, expanded services at East Carolina University, and conducted significant renovations at Louisiana State University, the University of North Carolina, and the University of Tennessee.
Aramark is focusing on enhancing fan engagement and operational excellence across its 21 NCAA sports venues. Key improvements include:
- Launching new premium hospitality brands at East Carolina and Washington State
- Introducing Walk Thru Bru express markets at Georgia Southern and University of Georgia
- Implementing VisioLab self-checkout technology at Georgia Southern
- Reimagining food concepts at the University of Virginia, University of North Carolina, and NC State
These enhancements aim to improve speed of service, increase local food variety, and create memorable experiences for college sports fans.
A-Mark Precious Metals (NASDAQ: AMRK) has scheduled its fiscal fourth quarter and full year 2024 earnings call for Thursday, August 29, at 4:30 p.m. ET. The company, a leading integrated precious metals platform, will release its financial results for the period ended June 30, 2024, prior to the call. Management will host the presentation, followed by a Q&A session.
Investors can access the call via webcast or phone, with both U.S. and international dial-in numbers provided. A replay will be available until September 12, 2024. The call will also be broadcast live and archived on A-Mark's investor relations website.
A-Mark Precious Metals, Inc. (NASDAQ: AMRK) has announced its participation in two upcoming conferences in September 2024. The company will attend the 2024 Gateway Conference in San Francisco on September 4-5, where management will present on September 4th at 10:30 a.m. PDT. Additionally, A-Mark will participate in the Gold Forum Americas 2024 Conference in Colorado Springs from September 15-18, with a presentation scheduled for September 17th at 1:20 p.m. MDT.
These events offer investors and analysts opportunities to gain insights into A-Mark through one-on-one meetings, group presentations, and networking activities. The Gateway Conference presentation will be webcast live and available for replay. The Gold Forum Americas is expected to showcase a significant portion of the world's publicly traded gold and silver companies.
A-Mark Precious Metals (NASDAQ: AMRK), a leading precious metals platform, has announced a quarterly cash dividend of $0.20 per share.
The dividend will be payable on July 31, 2024, to stockholders of record as of July 18, 2024. This decision reflects the company's ongoing dividend program and commitment to return value to its shareholders.
The announcement underscores A-Mark's solid financial position and its ability to generate consistent returns for investors.
A-Mark Precious Metals (NASDAQ: AMRK) has increased its ownership stake in Silver Gold Bull Inc. (SGB), a leading online precious metals retailer in Canada, to 55.4% with an additional investment of $9.6 million. This acquisition enhances A-Mark's direct-to-consumer reach in the international market. Initially investing in 2014 and boosting its stake to 47.4% in 2022, A-Mark now holds a majority share. The option to increase ownership up to 70% has been extended to September 2025. For the fiscal year ending April 30, 2024, SGB reported net sales of $467.9 million, a gross profit of $20.8 million, and pre-tax income of $4.2 million. SGB also added 53,000 new customers and processed 105,000 orders. Employment agreements have been secured with key SGB management including President and Co-Founder Bob Belandis.
A-Mark Precious Metals reported Q3 FY 2024 diluted earnings per share of $0.21, repurchased 204,396 shares for $5 million, and expanded into Asia with the acquisition of LPM Group The company reaffirmed its quarterly cash dividend policy of $0.20 per share. Despite challenges, A-Mark delivered $0.21 per diluted share and generated $12.6 million in non-GAAP EBITDA. Operational highlights show decreases in gold and silver ounces sold, while Direct-to-Consumer new customers increased by 8% compared to the previous quarter. Financially, revenues increased by 13% to $2.611 billion, but gross profit decreased by 54% to $34.8 million. Net income attributable to the company decreased by 86% to $5.0 million, with diluted earnings per share of $0.21. Adjusted net income and EBITDA also saw significant declines.
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