BGC GROUP, INC. NASDAQ: BGC EARNINGS PRESENTATION Q4 2024 DISCLAIMER DISCUSSION OF FORWARD-LOOKING STATEMENTS ABOUT BGC Statements in this document regarding BGC that are not historical facts are "forward-looking statements" that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the Company's business, results, financial position, liquidity and outlook, which may constitute forward-looking statem ...

Core Viewpoint - BGC Group reported quarterly earnings of $0.25 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.21 per share a year ago [1]. Financial Performance - The company posted revenues of $572.33 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 0.41%, and up from $516.76 million year-over-year [2]. - BGC Group has surpassed consensus revenue estimates three times over the last four quarters [2]. Stock Performance and Outlook - BGC Group shares have increased approximately 4.8% since the beginning of the year, outperforming the S&P 500's gain of 4% [3]. - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook [3][4]. Earnings Estimates - The current consensus EPS estimate for the upcoming quarter is $0.27 on revenues of $646 million, and for the current fiscal year, it is $1.06 on revenues of $2.49 billion [7]. - The estimate revisions trend for BGC Group is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market [6]. Industry Context - The Financial - Investment Bank industry, to which BGC Group belongs, is currently in the top 1% of over 250 Zacks industries, suggesting a favorable outlook for stocks in this sector [8].

Revenue Performance - BGC Group reported record revenues of $572.3 million for Q4 2024, a 10.8% increase from $516.8 million in Q4 2023, and full-year revenues of $2,262.8 million, up 11.7% from $2,025.4 million in FY23[3][9]. - Total revenues for Q4 2024 reached $572.3 million, a 10.8% increase from $516.8 million in Q4 2023[31]. - Total brokerage revenues for Q4 2024 were $516.1 million, an 11.8% increase from $461.8 million in Q4 2023[7]. - ECS revenues grew by 28.0% to $134.1 million in Q4 2024, driven by strong growth in the energy sector and the acquisition of Sage Energy Partners[10]. - Foreign Exchange revenues increased by 21.3% to $93.6 million, primarily due to higher options and emerging market foreign exchange volumes[10]. - Fenics revenues reached $142.1 million in Q4 2024, an 8.6% increase, with Fenics Growth Platforms growing by 20.2%[13][14]. - Rates revenues increased by 8.8% to $169.6 million in Q4 2024, compared to $155.8 million in Q4 2023[86]. - Credit revenues decreased by 4.9% to $62.4 million in Q4 2024, down from $65.6 million in Q4 2023[86]. - Interest and dividend income, along with fees from related parties, decreased by 6.9% to $23.7 million in Q4 2024 from $25.4 million in Q4 2023[86]. Earnings and Profitability - The company's pre-tax adjusted earnings for Q4 2024 were $129.5 million, a 16.9% increase year-over-year, while post-tax adjusted earnings rose by 21.9% to $123.5 million, resulting in post-tax adjusted earnings per share of $0.25, a 19.0% improvement[3][9]. - Basic earnings per share for Q4 2024 were $0.05, compared to $0.04 in Q4 2023, indicating a 25.0% increase[33]. - Consolidated net income for the year ended December 31, 2024, was $123.2 million, compared to $38.8 million in 2023, representing a significant increase of 217.5%[31]. - GAAP net income available to common stockholders for Q4 2024 was $25,203,000, compared to $19,945,000 in Q4 2023, marking a 26% increase[81]. - Adjusted earnings before noncontrolling interest in subsidiaries and taxes for Q4 2024 reached $129,527,000, up 17% from $110,814,000 in Q4 2023[68]. - Adjusted EBITDA for FY 2024 was $714,273,000, representing a 24% increase from $573,727,000 in FY 2023[81]. Expenses and Liabilities - Total expenses under GAAP for Q4 2024 were $586.0 million, a 16.7% increase from $502.2 million in Q4 2023[17]. - Total liabilities increased to $2.51 billion in 2024, up from $2.28 billion in 2023, which is a rise of 10.2%[29]. - Total compensation and employee benefits for the year were $1.49 billion, up from $1.35 billion in 2023, reflecting an increase of 10.7%[31]. Cash and Assets - Cash and cash equivalents rose to $711.6 million in 2024, compared to $655.6 million in 2023, marking an increase of 8.5%[29]. - Total assets increased to $3.59 billion as of December 31, 2024, up from $3.18 billion in 2023, reflecting a growth of 13.0%[29]. - Total liquidity as of December 31, 2024, was $897,781,000, an increase of 28% from $701,433,000 on December 31, 2023[80]. Dividends and Shareholder Returns - BGC's Board of Directors declared a quarterly cash dividend of $0.02 per share, payable on March 20, 2025[24]. - The company declared dividends of $0.02 per share in Q4 2024, up from $0.01 per share in Q4 2023[68]. Future Outlook and Strategy - The company expects Q1 2025 revenues to be between $610 million and $660 million, compared to $578.6 million in Q1 2024[23]. - The company plans to continue focusing on market expansion and new product development to drive future growth[30]. - The company continues to expand its market presence through partnerships and the development of new platforms, including the FMX Futures Exchange[92]. Accounting and Financial Metrics - The company adjusts its earnings calculations to exclude non-cash GAAP items, such as amortization of intangibles and acquisition-related costs, to better reflect underlying performance[45]. - BGC's Adjusted Earnings are calculated on a pre-tax basis, with a focus on equity-based compensation charges that can lower the non-GAAP effective tax rate[50]. - The company uses a Constant Currency metric to provide a clearer comparison of revenues, excluding the effects of foreign exchange fluctuations, which is important given its significant non-U.S. dollar revenues[64]. - Management believes that Adjusted Earnings provide a clearer understanding of BGC's financial performance and should be considered alongside GAAP results[55]. - The company excludes certain non-cash GAAP items from Adjusted Earnings to reflect ongoing operations more accurately[54]. - The fully diluted share count includes shares related to dilutive instruments, impacting the calculation of Adjusted Earnings per share[52]. - BGC's Adjusted EBITDA is defined as GAAP net income available to common stockholders, adjusted for various non-cash items, providing insight into operating performance[57].

Core Viewpoint - BGC Group, Inc. has announced its financial results for the fourth quarter and full year ended December 31, 2024, along with a quarterly dividend declaration of 2 cents per share [1]. Company Overview - BGC Group, Inc. is a leading global marketplace, data, and financial technology services company, offering a wide range of products including fixed income, foreign exchange, energy, commodities, shipping, equities, and the FMX Futures Exchange [3]. - The company serves a diverse clientele, including major banks, broker-dealers, investment banks, trading firms, hedge funds, governments, corporations, and investment firms [3]. Recent Developments - BGC has partnered with leading global investment banks and market-making firms to create FMX, which includes a U.S. interest rate futures exchange, a spot foreign exchange platform, and a rapidly growing U.S. cash treasuries platform [4].

Conference call to be hosted at 11:00 a.m. ETNEW YORK, Jan. 22, 2025 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) will announce its fourth quarter 2024 financial results on Friday, February 14, 2025, at approximately 8:00 a.m. ET. A conference call to review the results will follow at 11:00 a.m. ET.BGC plans to issue an advisory press release regarding the availability of its consolidated quarterly financial results at approximately 8:00 a.m. ET on Friday, February 14, 2025, which will be accessible at htt ...

This year started on a strong note in light of initial optimism regarding potential interest cuts by the Federal Reserve, a solid labor market, strong consumer spending and technological developments. Nevertheless, the optimism related to interest rate cuts was tempered by concerns regarding geopolitical tensions in the Middle East and renewed inflation fears. This uncertainty regarding rate cuts led to increased client volatility. Though the Fed has reduced interest rates by 100 basis points since Septembe ...

NEW YORK, Dec. 3, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) today announced Mike Whitaker has joined as Global Chief Information Officer and a member of its Executive Committee. In this newly created role, Mr. Whitaker will be responsible for developing and implementing a cohesive technology strategy across the company, driving innovation and efficiencies to deliver growth.Mr. Whitaker brings more than 40 years' experience in financial services and technology. He joins BGC from Citi, where he spent ...

Sale demonstrates BGC's commitment to unlocking value for shareholders BGC sells Capitalab for $46 million in gross proceeds, representing a revenue multiple of approximately 7.5 times NEW YORK, Dec. 3, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC" or "the Company") today announced the sale of Capitalab, a leader in Rates Portfolio Compression and Margin Optimization, to Capitolis, the technology company helping to create safer and more vibrant capital markets. BGC expects to see continued gro ...

Investors prefer to put their money in businesses that reap profits on a regular basis. To gauge the extent of profits, there is no better metric than net profit margin.A higher net margin reflects a company’s efficiency in converting sales into actual profits. StoneX Group Inc. (SNEX) , Universal Technical Institute, Inc. (UTI) , Climb Global Solutions, Inc. (CLMB) and BGC Group, Inc. (BGC) boast solid net profit margins.Net Profit Margin = Net profit/Sales * 100.In simple terms, net profit is the amount a ...

NEW YORK, Nov. 21, 2024 /PRNewswire/ -- BGC Group, Inc. (Nasdaq: BGC) ("BGC") Chairman and Chief Executive Officer Howard W. Lutnick provided the following statement:"I am deeply honored to have been nominated by President Donald J. Trump to serve as the 41st U.S. Secretary of Commerce. I look forward to this new chapter in my life, working for President Trump to promote economic growth, drive innovation, and strengthen our nation's financial security. Upon U.S. Senate confirmation, I will step down from my ...