A-Mark Precious Metals, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2022
May 05, 2022 at 04:05 pm EDT
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A-Mark Precious Metals, Inc. reported earnings results for the third quarter and nine months ended March 31, 2022. For the third quarter, the company reported sales was USD 2,109.12 million compared to USD 2,049.49 million a year ago. Net income was USD 37.38 million compared to USD 76.63 million a year ago. Basic earnings per share from continuing operations was USD 1.635 compared to USD 4.77 a year ago. Diluted earnings per share from continuing operations was USD 1.53 compared to USD 4.42 a year ago.
For the nine months, sales was USD 6,069.45 million compared to USD 5,434.35 million a year ago. Net income was USD 95.2 million compared to USD 108.63 million a year ago. Basic earnings per share from continuing operations was USD 4.19 compared to USD 7.335 a year ago. Diluted earnings per share from continuing operations was USD 3.92 compared to USD 6.805 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. 
