Inactive Instrument

Focus Financial Partners Inc.

Equities

FOCS

US34417P1003

Investment Management & Fund Operators

Focus Financial Partners Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023

August 03, 2023 at 07:01 am EDT

Focus Financial Partners Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported revenue was USD 583.81 million compared to USD 539.21 million a year ago. Net income was USD 32.18 million compared to USD 33.08 million a year ago. Basic earnings per share from continuing operations was USD 0.49 compared to USD 0.51 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to diluted earnings per share from continuing operations of USD 0.5 a year ago.
For the six months, revenue was USD 1,141.31 million compared to USD 1,075.78 million a year ago. Net income was USD 31.55 million compared to USD 62.19 million a year ago. Basic earnings per share from continuing operations was USD 0.48 compared to USD 0.95 a year ago. Diluted loss per share from continuing operations was USD 0.32 compared to diluted earnings per share from continuing operations of USD 0.95 a year ago.

Latest news about Focus Financial Partners Inc.

Luminary Platforms, Inc. announced that it has received funding from 8VC, Rockefeller Asset Management, Focus Financial Partners Inc. and other investors	Apr. 03	CI
Flourish Announces New Relationship with Focus Financial to Bring Flourish Cash to More Focus Firms	Mar. 19	CI
UPTIQ Financial Solutions, Inc. completed the acquisition of Focus Treasury & Credit Solutions, LLC from Focus Financial Partners Inc.	Jan. 28	CI
Focus Financial Partners Inc. entered into a definitive agreement to acquire Mesa Financial Group, LLC.	Dec. 14	CI
Focus Financial Partners Inc. completed the acquisition of Spectrum Management Group, Inc.	Nov. 15	CI
Arch Labs, Inc. announced that it has received $20 million in funding from a group of investors	Nov. 08	CI
Focus Financial Partners Inc. Announces Management Appointments	Nov. 02	CI
Focus Financial Partners Appoints Dan Glaser as Interim Chief Executive Officer	23-10-23	CI
Focus Financial Partners Inc.(NasdaqGS:FOCS) dropped from S&P Global BMI Index	23-09-01	CI
Focus Financial Partners Inc.(NasdaqGS:FOCS) dropped from S&P TMI Index	23-09-01	CI
Focus Financial Partners Inc.(NasdaqGS:FOCS) dropped from S&P Capital Markets Select Industry Index	23-09-01	CI
Focus Financial Partners Inc. Announces Executive Changes	23-08-31	CI
Focus Financial Partners Inc.(NasdaqGS:FOCS) dropped from NASDAQ Composite Index	23-08-31	CI
Focus Financial Partners Inc.'s Equity Buyback announced on May 12, 2022, has expired.	23-08-30	CI
Clayton, Dubilier & Rice, LLC (CD&R) and a fund managed by Stone Point Capital LLC completed the acquisition of Focus Financial Partners Inc. from a group of shareholders.	23-08-30	CI
Focus Financial Partners Inc. Announces Executive Changes	23-08-04	CI
Focus Financial Partners' Q2 Adjusted Earnings Fall, Revenue Rises	23-08-03	MT
Earnings Flash (FOCS) FOCUS FINANCIAL PARTNERS Posts Q2 EPS $0.70, vs. Street Est of $0.96	23-08-03	MT
Earnings Flash (FOCS) FOCUS FINANCIAL PARTNERS Posts Q2 Revenue $583.8M, vs. Street Est of $579M	23-08-03	MT
Focus Financial Partners Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023	23-08-03	CI
Focus Financial Partners Inc.(NasdaqGS:FOCS) dropped from Russell 2000 Defensive Index	23-06-23	CI
Focus Financial Partners Inc.(NasdaqGS:FOCS) dropped from Russell 2000 Growth-Defensive Index	23-06-23	CI
European Commission Approves US Private Equity Companies' Purchase of Focus Financial Partners	23-06-15	MT
Focus Financial Partners Inc. agreed to acquire Madison Wealth Advisors, LLC.	23-05-11	CI
Keefe, Bruyette & Woods Adjusts Price Target on Focus Financial Partners to $54 From $55, Maintains Market Perform Rating	23-05-08	MT

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Company Profile

Focus Financial Partners Inc. is a partnership of independent, fiduciary wealth management company that operates in the registered investment adviser (RIA) industry. The Company provides wealth management services, including investment advice, financial and tax planning, consulting, tax return preparation, family office services and other services. It also provides recordkeeping and administration services and outsourced services. Its partner firms offer wealth management services to ultra-high net worth and high net worth individuals and families, as well as business entities, under a recurring, fee-based model. Its partner firms provide services across a range of investment styles, asset classes and clients. The Company supports its partner firms by providing value-added services, including marketing and business development support; human resources support, including adviser coaching and development and structuring compensation and incentive models and succession planning advice.

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