B. Riley Financial Inc (NAS:RILY)
$ 32.14 -0.21 (-0.65%) Market Cap: 968.79 Mil Enterprise Value: 3.19 Bil PE Ratio: 0 PB Ratio: 3.31 GF Score: 70/100

Q4 2019 B. Riley Financial Inc Earnings Call Transcript

Mar 03, 2020 / 09:30PM GMT
Release Date Price: $23.64 (-3.43%)
Operator

Good afternoon, and welcome to B. Riley Financial's Fourth Quarter and Full Year 2019 Earnings Call. Earlier today, B. Riley issued a press release with its financial results. Copy can be found in the Investors section of the company's website at ir.brileyfin.com. As a reminder, this call is being recorded. A replay of today's call will also be made available on the company's website. Joining us today are Bryant Riley, Chairman and Co-CEO; Tom Kelleher, Co-CEO; and Philip Ahn, CFO and COO.

After management's remarks, we'll open the line for questions. And before we conclude today's call, I will provide the necessary cautions regarding forward-looking statements. I will now turn the call over to Mr. Bryant Riley. Mr. Riley, please proceed.

Bryant Richard Riley
B. Riley Financial, Inc. - Chairman & Co-CEO

Thank you, and welcome, everyone. 2019 was another year of continued progress and growth for B. Riley Financial, with total revenues of $652.1 million, a year-over-year increase of 54%; and adjusted EBITDA of $207.9 million, with net income of $81

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