Sector: Basic Materials | Industry: Precious Metals & Minerals |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2121 Rosecrans Avenue, Suite 6300 EL SEGUNDO CA 90245 |
Tel: | 1-310-5871410 |
Website: | https://www.amark.com |
IR: | See website |
Key People | ||
Thor G. Gjerdrum President | Gregory N. Roberts Chief Executive Officer, Director | Kathleen Simpson Taylor Chief Financial Officer, Executive Vice President, Controller, Assistant Secretary |
Brian Aquilino Chief Operating Officer | Carol Elizabeth Meltzer Executive Vice President, General Counsel, Company Secretary, Director | Roy Friedman Senior Vice President - Trading, Global Precious Metals |
Business Overview |
A-Mark Precious Metals, Inc. is a fully integrated precious metals platform. The Company offers an array of gold, silver, platinum, palladium, and copper bullion, numismatic coins, and related products to wholesale and retail customers. The company conducts its operations through three segments: Wholesale Sales & Ancillary Services, Direct-to-Consumer, and Secured Lending. The Wholesale Sales & Ancillary Services segment operates as a full-service precious metals company. The Company operates its Direct-to-Consumer segment through its wholly owned subsidiaries JM Bullion, Inc. (JMB) and Goldline, Inc. The Company operates its Secured Lending segment through its wholly owned subsidiary Collateral Finance Corporation, LLC (CFC). JM Bullion is an e-commerce retailer of precious metals and operates seven separately branded, Company-owned websites such as JMBullion.com, ProvidentMetals.com, Silver.com, GoldPrice.org, SilverPrice.org, BGASC.com, CyberMetals.com, and BullionMax.com. |
Financial Overview |
For the six months ended 31 December 2023, A-Mark Precious Metals Inc revenues increased 19% to $4.56B. Net income decreased 59% to $32.6M. Revenues reflect Wholesale Trading & Ancillary Services segment increase of 30% to $3.87B, Europe segment increase of 73% to $1.94B, United States segment increase of 1% to $2.34B. Net income was offset by Interest expense increase of 50% to $20M (expense), Selling. |
Employees: | 429 as of Jun 30, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,689M as of Dec 31, 2023 |
Annual revenue (TTM): | $10,000M as of Dec 31, 2023 |
EBITDA (TTM): | $161.45M as of Dec 31, 2023 |
Net annual income (TTM): | $110.35M as of Dec 31, 2023 |
Free cash flow (TTM): | -$131.98M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $815.57M as of Dec 31, 2023 |
Shares outstanding: | 22,854,540 as of Feb 2, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |