INTL FCStone’s Q4 Earnings Mixed, Revenues Climb on YoY Basis

Revenues were a mixed bag in Q4, which despite seeing a YoY growth, capped off a lower overall performance in

INTL FCStone Inc. (NASDAQ:INTL), a global financial services group, has reported its Q4 2016 operating metrics for the fiscal year ending September 30, 2016, which saw a large retreat across its aggregated revenues, according to an INTL FCStone statement.

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During Q4 2016, INTL FCStone reported its total revenues of just $2.78 billion, which represents a growth of 6.0% YoY from $2.63 billion in Q4 2015. Looking at the totality of the fiscal year however, revenues in 2016 came in at $14.75 billion, having fallen -57.5% YoY from $34.7 billion during the end of the 2015 fiscal year.

Operating revenues were more muted over a YoY basis, yielding $178.6 million Q4 2016 – during Q4 2015 the group’s operating revenues were virtually unchanged at $178.7 million. A look at the entire 2016 year was much more upbeat, as total operating revenues in 2016 were $671.0 million, up 7.5% YoY from $624.3 million in 2015.

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INTL FCStone’s net income was also much lower in Q4 2016, justifying a figure of $16.8 million vs. $21.1 million in Q4 2015, or -20.4% YoY. The losses were somewhat diluted when combined on a yearly basis, with 2016’s total net income coming in at $54.7 million, down -1.8% YoY from $55.7 million in 2015.

Earnings Decline

Shareholders of INTL FCStone also saw a diminishing performance in 2016, as the company disclosed a diluted earnings per share at $0.90 in Q4 2016, down from $1.09 in Q4 2015, or -17.5% YoY.

According to Sean M. O’Connor, Chief Executive Officer of INTL FCStone Inc, in a recent statement on the metrics: “We believe that the market environment is now becoming more positive for our business with interest rates starting to increase, volatility increasing, prices of commodities generally increasing and the strong dollar reducing our effective cost base overseas, while revenues there are generally dollar-based.”

“We now have the capability to provide execution, market intelligence and clearing services across all asset classes and in all major markets and believe we are ideally placed to take advantage of ongoing industry consolidation,” he added.


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