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Stock impact report

Focus Financial Partners Reports First Quarter Results

Focus Financial Partners, Inc (FOCS)  More Company Research Source: Accesswire
Last focus financial partners, inc earnings: 2/20 07:00 am Check Earnings Report
PDF Performance Exceeds Expectations, Reinforcing Strong Momentum NEW YORK, NY / ACCESSWIRE / May 6, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus Inc.", "Focus", the "Company", "we", "us" or "our"), a leading partnership of independent, fiduciary wealth management firms, today reported results for its first quarter ended March 31, 2021.First Quarter 2021 HighlightsTotal revenues of $394.2 million, 16.9% growth year over yearOrganic revenue growth(1) rate of 12.2% year over yearGAAP net income of $2.5 millionGAAP basic and diluted net income per share attributable to common shareholders of $0.00 on a rounded basisAdjusted Net Income Excluding Tax Adjustments(2) of $63.4 million and Tax Adjustments of $10.5 millionAdjusted Net Income Excluding Tax Adjustments Per Share(2) of $0.80 and Tax Adjustments Per Share(2) of $0.13Net Leverage Ratio(3) of 3.79xNet cash provided by operating activities for the trailing 4-quarters ended March 31, 2021 of $242.1 million, 32.8% higher than [Read more]
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