StoneX Group Inc. Reports Fiscal 2025 First Quarter
From GlobeNewswire: 2025-02-05 16:15:00
StoneX Group Inc. reported record quarterly net operating revenues of $492.1 million, up 17%, with net income of $85.1 million and a 19.5% return on equity. They also announced a three-for-two stock split. Sean O’Connor, Executive Vice-Chairman, highlighted strong client engagement and increased volumes across all segments despite low volatility.
For the three months ending December 31, 2024, StoneX Group Inc. saw total revenues of $27,935.3 million, a 43% increase from the previous year. Net operating revenues were $492.1 million, up 17%. The company reported diluted EPS of $2.54 per share, a 19% increase. Various segments, including Commercial, Institutional, and Self-Directed/Retail, showed growth in revenues and segment income.
StoneX Group operates globally, connecting companies, traders, and investors to the market ecosystem. With over 4,600 employees, they serve more than 54,000 commercial, institutional, and payments clients. The company strives to provide a network of products and services that enable clients to trade, manage risks, invest, and improve business performance. They are listed on the Nasdaq Global Select Market.
In a move to make stock ownership more accessible, StoneX Group Inc. approved a three-for-two stock split. Stockholders of record will receive one additional share for every two owned. The stock split will take effect after the close of trading on March 21, 2025. Cash will be distributed for fractional shares. Trading on a split-adjusted basis will begin on March 24, 2025.
StoneX Group Inc. will hold a conference call on February 6, 2025, at 9:00 a.m. Eastern time to discuss financial results and business developments. A live webcast will be available on their corporate website. The call will cover forward-looking statements, financial conditions, and the stock split. A replay will be available for those unable to join the live broadcast.
StoneX Group Inc. cautions investors about forward-looking statements, noting risks beyond their control. These statements are based on current expectations and projections but may be subject to change. The company undertakes no obligation to update or revise these statements. For more information, visit www.stonex.com or contact Investor Relations at (212) 403-7296 or [email protected].
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