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Stock impact report

A-Mark Precious Metals Reports Record Fiscal Third Quarter 2021 Results

A-Mark Precious Metals, Inc. (AMRK) 
Last a-mark precious metals, inc. earnings: 5/9 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: amark.com/investors
Company Research Source: GlobeNewswire
EL SEGUNDO, Calif., May 12, 2021 (GLOBE NEWSWIRE) -- A-Mark Precious Metals, Inc. (NASDAQ: AMRK), a leading full-service provider of products and services to the global precious metals market, reported results for the fiscal third quarter ended March 31, 2021. A-Mark reported over $2 billion in revenue and record earnings in its fiscal third quarter, boosted by strong market conditions and the completion of the most significant acquisition in its history. The company's acquisition of JM Bullion (“JMB”), a leading internet retailer of precious metals, was completed on March 19, 2021. Significantly, JMB has contributed $8.5 million of gross profit and $6.8 million of pre-tax income to the company’s Direct-to-Consumer segment in the last 12 days of March following the acquisition. We had the strongest quarter of financial performance in A-Mark’s history with net income of $50.3 million, excluding a one-time $26.3 million remeasurement gain resulting from the JMB acquisition.   Th Show less Read more
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