Associated Capital Group, Inc. Reports First Quarter Results
Associated Capital Group reported its Q1 2021 results, showing total Assets Under Management (AUM) of $1,495 million, up from $1,473 million in Q1 2020. Revenue decreased to $2,325 million compared to $2,962 million the previous year. The company recorded an operating loss of $6,365 million, significantly worse than the $640 million loss in Q1 2020. However, non-operating income turned positive at $30,681 million, contrasting sharply with the $(100,091 million) loss in the same quarter last year.
- Total AUM increased from $1,473 million to $1,495 million year-over-year.
- Non-operating income improved significantly to $30,681 million from $(100,091 million) year-over-year.
- Net income for Q1 2021 was $18,555 million, compared to a net loss of $(73,355 million) in Q1 2020.
- Revenue declined from $2,962 million to $2,325 million year-over-year.
- Operating loss worsened to $6,365 million compared to a $640 million loss in Q1 2020.
Associated Capital Group, Inc. (“AC” or the “Company”), a diversified financial services company, today reported its financial results for the first quarter ended March 31, 2021.
Financial Highlights
($'s in 000's except AUM and per share data)
| (Unaudited) | First Quarter | |||
2021 |
2020 |
|||
| AUM - end of period (in millions) |
|
|
||
| AUM - average (in millions) | 1,431 |
1,688 |
||
| Revenues | 2,325 |
2,962 |
||
| Operating Loss | (6,365) |
(640) |
||
| Investment and other non-operating income, net | 30,681 |
(100,091) |
||
| Income before income taxes | 24,316 |
(100,731) |
||
| Net income/(loss) to shareholders | ||||
| Continuing operatings | 18,555 |
(77,069) |
||
| Discontinued Operations | 0 |
231 |
||
| Net income/(loss) | 18,555 |
(73,355) |
||
| Net income/(loss) per share-diluted |
{
"@context": "https://schema.org",
"@type": "FAQPage",
"name": "Associated Capital Group, Inc. Reports First Quarter Results FAQs",
"mainEntity": [
{
"@type": "Question",
"name": "What were the total revenues reported by Associated Capital Group (AC) for Q1 2021?",
"acceptedAnswer": {
"@type": "Answer",
"text": "Total revenues for Q1 2021 were $2,325 million."
}
},
{
"@type": "Question",
"name": "How did Associated Capital Group (AC) perform in terms of Assets Under Management (AUM) in Q1 2021?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The AUM at the end of Q1 2021 was $1,495 million, up from $1,473 million in Q1 2020."
}
},
{
"@type": "Question",
"name": "What was the operating loss reported by Associated Capital Group (AC) for Q1 2021?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The operating loss for Q1 2021 was $6,365 million."
}
},
{
"@type": "Question",
"name": "What was the non-operating income for Associated Capital Group (AC) in Q1 2021?",
"acceptedAnswer": {
"@type": "Answer",
"text": "Non-operating income for Q1 2021 was $30,681 million."
}
},
{
"@type": "Question",
"name": "What was the net income reported by Associated Capital Group (AC) for Q1 2021?",
"acceptedAnswer": {
"@type": "Answer",
"text": "The net income for Q1 2021 was $18,555 million."
}
}
]
}
FAQ
What were the total revenues reported by Associated Capital Group (AC) for Q1 2021?
Total revenues for Q1 2021 were $2,325 million.
How did Associated Capital Group (AC) perform in terms of Assets Under Management (AUM) in Q1 2021?
The AUM at the end of Q1 2021 was $1,495 million, up from $1,473 million in Q1 2020.
What was the operating loss reported by Associated Capital Group (AC) for Q1 2021?
The operating loss for Q1 2021 was $6,365 million.
What was the non-operating income for Associated Capital Group (AC) in Q1 2021?
Non-operating income for Q1 2021 was $30,681 million.
What was the net income reported by Associated Capital Group (AC) for Q1 2021?
The net income for Q1 2021 was $18,555 million.
Associated Capital Group, Inc.
NYSE:ACAC RankingsAC Latest NewsAC Stock Data
771.06M
2.23M
2.3%
66.93%
0.03%
Asset Management
Security Brokers, Dealers & Flotation Companies
United States of America
GREENWICH
| |||