The earnings call highlighted significant revenue growth and strategic expansion into new markets, but these positives were countered by declines in gross profit, EBITDA, and net income, alongside increased expenses and reduced silver sales.
Company Guidance
During A-Mark Precious Metals, Inc.'s fiscal second quarter 2025 earnings call, the company reported earnings of $0.27 per diluted share and $16.2 million in non-GAAP EBITDA. Revenue for the quarter increased 32% to $2.742 billion, driven by a 38% rise in gold sales and higher average selling prices for gold and silver, despite a decline in silver ounces sold. The DTC segment contributed 21% of the consolidated revenue, with JMB accounting for 11%. Gross profit decreased 3% to $44.8 million, primarily due to lower profits in the Wholesale Sales and Ancillary Services segment. SG&A expenses rose 15% to $25.8 million, influenced by increased consulting fees and advertising costs. The company also highlighted its strategic acquisition of Spectrum Group International, aiming to enhance its presence in the numismatic and luxury markets. Additionally, A-Mark amended its trading credit facility to $457 million and executed a $5.1 million stock repurchase.
Revenue Growth
Revenues for fiscal Q2 2025 increased 32% to $2.742 billion from $2.079 billion in Q2 of last year. Excluding an increase of $167.3 million of forward sales, revenues increased $496.2 million or 38%.
DTC Segment Expansion
The DTC segment contributed 21% of the consolidated revenue in fiscal Q2 2025, up from 18% in 2024. The number of new customers in the DTC segment increased 25% from Q2 of last year.
Strategic Acquisition
A-Mark entered into a definitive agreement to acquire Spectrum Group International, expanding its presence into the premium collectible market and adjacent higher-margin luxury markets.
Inventory Turn Ratio Improvement
The inventory turn ratio was 2.2 in Q2 fiscal 2025, a 16% increase from 1.9 in Q2 of last year.
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A-Mark Precious Metals (AMRK) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AMRK Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 06, 2025
$28.30
$28.58
+0.99%
Nov 06, 2024
$37.36
$31.36
-16.06%
Aug 29, 2024
$35.28
$38.50
+9.13%
May 07, 2024
$39.64
$37.49
-5.42%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does A-Mark Precious Metals (AMRK) report earnings?
A-Mark Precious Metals (AMRK) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is A-Mark Precious Metals (AMRK) earnings time?
A-Mark Precious Metals (AMRK) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
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