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B Riley Financial Inc (RILY)
NASDAQ:RILY
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-2.32Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 03, 2025
|% Change Since: 5.56%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant strategic partnerships and asset sales that provided financial benefits and growth opportunities. However, these positives were tempered by substantial financial losses from continuing operations, impairment charges, and ongoing debt challenges.Company Guidance
During B. Riley Financial's preliminary fourth-quarter earnings call for the 2024 fiscal year, the company outlined several key financial metrics and strategic initiatives. The firm reported an expected net income available to common shareholders ranging from $48 million to $68 million, influenced by income from discontinued operations estimated between $236 million and $247 million. The anticipated diluted net income per share is between $1.57 and $2.22, while the net loss from continuing operations is expected to be between $178 million and $187 million. This loss is primarily due to estimated impairment charges and trading losses. The company also highlighted its operating adjusted EBITDA from continuing operations, projected at $12 million to $14 million. At the end of 2024, B. Riley had approximately $257 million in cash, cash equivalents, and restricted cash, with total debt standing at $1.78 billion. Key strategic moves included a joint venture with Oaktree Capital Management, generating approximately $203 million in cash, and the sale of Atlantic Coast recycling for about $70 million, expecting a gain of $30 million. Additionally, B. Riley announced a definitive agreement to sell a portion of its wealth management business and secured a new $160 million senior credit facility with Oaktree. The company plans to focus on its core businesses, including B. Riley Securities and Wealth Management, while addressing its debt maturities and continuing to monetize non-core assets.Strategic Partnership with Oaktree Capital
B. Riley established a joint venture with Oaktree Capital Management for Great American Group, bringing in approximately $203 million in cash and 44% ownership in the company.
Successful JOANN Liquidation Bid
The partnership with Oaktree enabled B. Riley to secure a liquidation opportunity with JOANN fabric and craft stores, representing a $2 billion retail inventory transaction.
Sale of Wealth Management Business
B. Riley announced a definitive agreement to sell a portion of its traditional W-2 Wealth Management business to Stifel Financial Corp. for approximately $26 million.
New Credit Facility with Oaktree
A new $160 million senior secured credit facility with Oaktree was established, providing greater financial and strategic flexibility.
Sale of Atlantic Coast Recycling
Atlantic Coast Recycling was sold for approximately $70 million in cash, resulting in a $30 million gain for B. Riley.
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RILY Earnings History
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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RILY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 03, 2025 | $5.40 | $5.24 | -2.96% |
| Oct 24, 2024 | $5.85 | $5.93 | +1.37% |
| Aug 12, 2024 | $16.95 | $8.15 | -51.92% |
| May 15, 2024 | $31.66 | $28.07 | -11.34% |
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 B Riley Financial Inc (RILY) report earnings?
B Riley Financial Inc (RILY) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is B Riley Financial Inc (RILY) earnings time?
B Riley Financial Inc (RILY) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RILY EPS forecast?
Currently, no data Available
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