Welcome to our dedicated page for A-Mark Precious news (Ticker: AMRK), a resource for investors and traders seeking the latest updates and insights on A-Mark Precious stock.
A-Mark Precious Metals, Inc. (AMRK) provides investors and industry stakeholders with critical updates through this dedicated news hub. As a leading fully integrated precious metals platform, the company's announcements span wholesale trading activities, retail operations through subsidiaries like JM Bullion, and secured lending via Collateral Finance Corporation.
This resource aggregates official press releases, regulatory filings, and market-moving developments. Users will find updates on quarterly earnings, strategic partnerships, inventory acquisitions, and operational expansions. The curated collection serves as a reliable reference for tracking AMRK's position in global bullion markets and ancillary services.
Content categories include product launches, mint collaborations, logistics advancements, and financial performance reports. Each entry maintains factual accuracy while avoiding speculative commentary, adhering to strict compliance standards.
Bookmark this page for streamlined access to A-Mark's evolving business narrative. Regular updates ensure stakeholders stay informed about the company's role in precious metals distribution, storage solutions, and commodity-backed financial services.
A-Mark Precious Metals reported Q3 FY 2024 diluted earnings per share of $0.21, repurchased 204,396 shares for $5 million, and expanded into Asia with the acquisition of LPM Group The company reaffirmed its quarterly cash dividend policy of $0.20 per share. Despite challenges, A-Mark delivered $0.21 per diluted share and generated $12.6 million in non-GAAP EBITDA. Operational highlights show decreases in gold and silver ounces sold, while Direct-to-Consumer new customers increased by 8% compared to the previous quarter. Financially, revenues increased by 13% to $2.611 billion, but gross profit decreased by 54% to $34.8 million. Net income attributable to the company decreased by 86% to $5.0 million, with diluted earnings per share of $0.21. Adjusted net income and EBITDA also saw significant declines.
