A-Mark Precious Metals, Inc. Provides Earnings Guidance for the Third Quarter Ending March 31, 2021
February 25, 2021 at 04:30 pm EST
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A-Mark Precious Metals, Inc. provided earnings guidance for the third quarter ending March 31, 2021. The Company expects net income before provision for income taxes in the range of $29 million and $32 million, representing an increase of approximately 116% to 139% compared to $13.4 million in the same year-ago period. The Company expects net income attributable to the Company in the range of $22 million and $25 million, representing an increase of approximately 95% to 121% compared to $11.3 million in the same year-ago period. The Company expects net income attributable to the Company per diluted share in the range of $2.90 and $3.20, representing an increase of approximately 80% to 99% compared to $1.61 in the same year-ago period. The estimates above do not reflect the acquisition of JM Bullion, which is expected to close in the fiscal third quarter.
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.
A-MARK PRECIOUS METALS, INC. 
