B. Riley Posts Q1 Earnings Report

Provides Q2 2018 Guidance for Net Income and Adjusted EBITDA

LOS ANGELES, May 07, 2018 (GLOBE NEWSWIRE) - B. Riley Financial, Inc. (NASDAQ:RILY), a diversified provider of financial and business advisory services, reported results for its first quarter ended March 31, 2018.

First Quarter 2018 Financial Highlights

  • Total revenues increased to $95.8 million from $52.9 million in Q1 2017
  • Net income of $4.5 million or $0.17 per diluted share
  • Adjusted EBITDA increased to $16.1 million from $15.0 million in Q1 2017
  • Adjusted net income of $8.8 million or $0.32 per diluted share
  • Declares special dividend of $0.04 per share in addition to regular quarterly dividend of $0.08 per share
  • Provides Q2 2018 net income in the range of $5.4 million to $10.0 million and adjusted EBITDA guidance in the range of $22 million to $30 million

View the full release here on B. Riley Financial's website.

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