Welcome to our dedicated page for BRC Group Holdings news (Ticker: RILY), a resource for investors and traders seeking the latest updates and insights on BRC Group Holdings stock.
BRC Group Holdings, Inc. reports developments for a diversified holding company with financial services, communications, retail, and investment activities. Its financial services platform serves small-cap and middle-market companies through capital markets, sales and trading, research, merchant banking, M&A, restructuring, and wealth management services.
Recurring company news includes earnings releases and calls, segment performance across capital markets and operating businesses, capital-structure actions involving debt and preferred securities, governance and shareholder-voting matters, and platform updates such as BRC Specialty Finance. Communications operations include traditional, mobile and cloud phone, internet, data, security, and email services, while retail activities include mobile computing accessories and home furnishings.
B. Riley Securities, a subsidiary of B. Riley Financial (Nasdaq: RILY), has announced its 7th Annual Consumer and TMT Conference, scheduled for September 12, 2024 in New York. This one-day event will showcase select small and mid-cap public companies across various sectors including consumer, technology, media, and telecom.
The conference will feature a comprehensive schedule of research-moderated panels, analyst-hosted roundtables, one-on-ones, and small group meetings. It aims to provide deep insights into the opportunities created by the evolving consumer and TMT market. Participation is by invitation only, and interested parties can register by emailing 1on1@brileyfin.com.
Andy Moore, CEO of B. Riley Securities, emphasized the event's role in offering a rich networking forum for investors and corporates. The conference covers a wide range of industries, from Aerospace & Defense to Specialty Retail & Apparel.
B. Riley Financial (NASDAQ: RILY) has declared cash dividends on its 6.875% Series A and 7.375% Series B Cumulative Perpetual Preferred Stocks. Each depositary share represents a 1/1000th fractional interest in a share of the respective Preferred Stock with a liquidation preference of $25.00 per depositary share.
The 6.875% Series A Preferred Stock dividend is $0.42968750 per depositary share. The 7.375% Series B Preferred Stock dividend is $0.4609375 per depositary share. Both dividends will be payable on July 31, 2024, to shareholders of record on July 22, 2024.
B. Riley Financial (NASDAQ: RILY) announced the acquisition of Interface Consulting International, a prominent engineering and construction consulting firm. Interface Consulting specializes in troubled projects, offering analysis, litigation support, and project planning. They serve a wide range of clients globally, including owners, contractors, attorneys, and insurers. This acquisition integrates Interface Consulting's expert team into B. Riley's Advisory Services, enhancing their forensic accounting and litigation support. Key leaders, Chris Sullivan and Lisa Sumner Heard, bring decades of experience in managing high-profile projects in engineering and construction, contributing strategic solutions and expertise to B. Riley's professional services platform.
B. Riley Financial (NASDAQ: RILY) reported a net loss of $51 million for Q1 2024, compared to a $15 million profit in Q1 2023. This was primarily due to $30 million in non-cash investment losses. Total revenues dropped 20.6% to $343 million, down from $432 million the previous year. Despite the declines, operating revenues only saw a slight dip to $379 million from $389 million. Operating adjusted EBITDA decreased to $66 million from $88 million. The company retired $115 million of 6.75% 2024 Senior Notes and repaid $57 million of debt. B. Riley declared a quarterly dividend of $0.50 per share.
B. Riley Financial, Inc. (Nasdaq: RILY) will report its first quarter 2024 results on May 15, 2024. The conference call will be hosted by key executives and an audio recording will be available until May 29, 2024. Additionally, Chairman Bryant Riley will participate in the 24th Annual B. Riley Institutional Investor Conference on May 22-23, 2024.
B. Riley Financial, Inc. announced the full redemption of its 6.75% Senior Notes due 2024, totaling $25,000,000, on May 31, 2024. The redemption price includes the aggregate principal amount and accrued interest up to the Redemption Date. The Notes, trading under the ticker symbol 'RILYO' on NASDAQ, will be delisted and cease trading on the Redemption Date.
Planet Cyclery and Colorado Cyclist are hosting sitewide closing sales with discounts of up to 30% on premium cycling apparel, gear, and equipment. B. Riley Retail Solutions is facilitating the liquidation process, offering deep discounts on high-quality merchandise across both websites for a time only.
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