A-Mark Precious Metals, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2021
February 08, 2022 at 04:05 pm EST
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A-Mark Precious Metals, Inc. reported earnings results for the second quarter and six months ended December 31, 2021. For the second quarter, the company reported sales was USD 1,946.36 million compared to USD 1,518.74 million a year ago. Net income was USD 31.79 million compared to USD 8.93 million a year ago. Basic earnings per share from continuing operations was USD 1.395 compared to USD 0.63 a year ago. Diluted earnings per share from continuing operations was USD 1.305 compared to USD 0.58 a year ago.
For the six months, sales was USD 3,960.34 million compared to USD 3,384.86 million a year ago. Net income was USD 57.82 million compared to USD 32.01 million a year ago. Basic earnings per share from continuing operations was USD 2.555 compared to USD 2.265 a year ago. Diluted earnings per share from continuing operations was USD 2.39 compared to USD 2.105 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. 
