Record Net Income and Earnings Growth
Second quarter net income was $71.7 million with diluted EPS of $1.41, representing a 3529% growth over the prior year.
Operating Revenue Increase
Record operating revenues of $956 million, up 17% versus the prior year and up 1% versus the immediately preceding quarter.
Strong Institutional Segment Performance
Institutional segment experienced record net operating revenues and segment income in the second quarter with growth of 28% and 41% respectively.
Strategic Acquisitions and Partnerships
Announced the acquisition of R.J. O'Brien, The Benchmark Company, and a strategic partnership with Bamboo Payment Systems. These transactions aim to enhance StoneX's market position and service offerings.
Metals Market Performance
StoneX Metals delivered a standout performance with net operating revenues up 20% versus the same quarter last year, supported by strategic investments and market volatility.