StoneX Group Inc. Reports Fiscal 2020 Fourth Quarter Financial Results
12/09/2020 - 04:15 PM
Quarterly Operating Revenues of $342.1 million , up 19%
Quarterly Net Income of $77.4 million , up 185%
Quarter Diluted EPS of $3.90 per share, ROE of 42.5%
NEW YORK, Dec. 09, 2020 (GLOBE NEWSWIRE) -- StoneX Group Inc. (the ‘Company’; NASDAQ: SNEX), a diversified global brokerage and financial services firm providing execution, risk management and advisory services, market intelligence and clearing services across multiple asset classes and markets around the world, today announced its financial results for the fiscal year 2020 fourth quarter ended September 30, 2020.
Sean M. O’Connor, CEO of StoneX Group Inc., stated, “Despite the unprecedented pandemic and its impact on the economy and markets in general, fiscal 2020 was a year of significant milestones and accomplishments for our company. We achieved record results on a consolidated basis and in nearly every business area, completed several transactions, including the major strategic acquisition of Gain Capital Holdings, Inc. (“Gain”) and rebranded the company with an eye toward our future. In addition to record annual earnings from our on-going operations, we realized a significant amount of non-operating income during the quarter, primarily resulting from the gain on acquisition relating to the Gain transaction. We are well placed to take advantage of the continued consolidation of our industry with greater scale and earnings power and more diversity in terms of products and customers.”
StoneX Group Inc. Summary Financials
Consolidated financial statements for the Company will be included in our Annual Report on Form 10-K to be filed with the SEC. The Annual Report on Form 10-K will also be made available on the Company’s website at www.stonex.com.
Three Months Ended September 30, Year Ended September 30, (Unaudited) (in millions, except share and per share amounts) 2020 2019 % Change 2020 2019 % Change Revenues: Sales of physical commodities $ 13,959.8 $ 11,005.7 27 % $ 52,899.2 $ 31,830.3 66 % Principal gains, net 180.2 110.4 63 % 622.2 415.8 50 % Commission and clearing fees 103.7 90.3 15 % 403.6 372.4 8 % Consulting, management and account fees 20.4 20.7 (1 ) % 83.7 79.6 5 % Interest income 20.8 52.5 (60 ) % 130.9 198.9 (34 ) % Total revenues 14,284.9 11,279.6 27 % 54,139.6 32,897.0 65 % Cost of sales of physical commodities 13,942.8 10,992.7 27 % 52,831.3 31,790.9 66 % Operating revenues 342.1 286.9 19 % 1,308.3 1,106.1 18 % Transaction-based clearing expenses 57.1 45.0 27 % 222.5 183.5 21 % Introducing broker commissions 34.0 27.7 23 % 113.8 114.7 (1 ) % Interest expense 10.0 37.2 (73 ) % 80.4 142.0 (43 ) % Interest expense on corporate funding 14.8 3.6 311 % 23.6 12.7 86 % Net operating revenues 226.2 173.4 30 % 868.0 653.2 33 % Compensation and other expenses: Variable compensation and benefits 81.1 58.5 39 % 296.8 211.6 40 % Fixed compensation and benefits 64.4 46.7 38 % 221.9 181.5 22 % Trading systems and market information 12.9 10.3 25
SNEX Rankings
#2069 Ranked by Stock Gains
SNEX Stock Data
Industry
Commodity Contracts Brokerage
Sector
Finance and Insurance
Tags
Finance, Investment Banks/Brokers, Finance and Insurance, Commodity Contracts Brokerage
Country
US
City
New York
About SNEX
we believe in connecting every company, every organization, every trader, and every investor to every advantage they need to succeed in today’s global markets ecosystem.that’s what we stand for. and that’s what we strive to deliver. we are stonex.
