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Focus Financial reports Q4 adj. EPS with tax adjustments 99c, consensus 91c
The Fly

Focus Financial reports Q4 adj. EPS with tax adjustments 99c, consensus 91c

Reports Q4 revenue $547.7M, consensus $516.79M. Reports Q4 organic revenue growth rate of negative 3.5% year over year. Reports Q4 adjusted net income excluding tax adjustments per share of 79c and tax adjustments per share of 20c. "Despite the challenging macro environment throughout 2022, our full-year growth and financial performance were solid. Our core value proposition, capital allocation discipline and scale were instrumental to helping us navigate the volatile markets and position us to capitalize on an eventual recovery. The depth and diversification of our global partnership, our strong M&A momentum and our array of value-added programs were integral to this outcome. These elements reinforce our competitive differentiation and our leadership advantage in independent wealth management," said Rudy Adolf, Founder, CEO and Chairman of Focus.

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