A-Mark Precious Metals, Inc. Reports Earnings Results for the Fourth Quarter Ended June 30, 2021
September 09, 2021 at 04:05 pm EDT
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A-Mark Precious Metals, Inc. announced earnings results for the fourth quarter ended June 30, 2021. For the fourth quarter, the company announced sales was USD 2,178.666 million compared to USD 1,665.768 million a year ago. Net income was USD 51.005 million compared to USD 17.826 million a year ago. Basic earnings per share from continuing operations was USD 4.57 compared to USD 2.53 a year ago. Diluted earnings per share from continuing operations was USD 4.28 compared to USD 2.49 a year ago. For the full year, sales was USD 7,613.015 million compared to USD 5,461.094 million a year ago. Net income was USD 159.637 million compared to USD 30.509 million a year ago. Basic earnings per share from continuing operations was USD 19.13 compared to USD 4.34 a year ago. Diluted earnings per share from continuing operations was USD 17.79 compared to USD 4.31 a year ago.
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. 
