StoneX(SNEX)

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FOREX.com to Exhibit at Invest Cuffs Conference in Krakow
GlobeNewswire· 2025-02-21 11:48
Group 1 - FOREX.com, a subsidiary of StoneX Group Inc., will participate in the Invest Cuffs conference as the official Chillout Zone Partner, marking its first appearance at this significant investment event in Poland [1][5] - Invest Cuffs has been a key event for financial education and investment discussions in Poland for over a decade, attracting thousands of attendees interested in various investment opportunities, including real estate and cryptocurrencies [2] - The conference will feature over 120 exhibitors, providing FOREX.com with a platform to engage with local and international financial experts, reinforcing its commitment to investment awareness in the region [3] Group 2 - Marcin Tuszkiewicz, CEO of Squaber.com and an experienced FOREX.com trader, will represent the company at the event, delivering a session on price action analysis and investment psychology on March 29 [4] - The event is expected to offer valuable networking opportunities and discussions on the future of investing, with FOREX.com inviting attendees to visit its booth to learn more about its trading solutions [5] Group 3 - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and execution services, serving over 54,000 clients and more than 400,000 retail accounts worldwide [6] - FOREX.com is recognized as a leading online trading provider, supporting over 1 million traders globally with competitive pricing and transparent execution [7]
StoneX Unites with Women's Run Series to Champion Athletics Diversity
Newsfilter· 2025-02-21 08:25
Core Insights - StoneX Financial Ltd continues its partnership with the Women's Run Series, aimed at increasing female and ethnic minority participation in athletics [1][2] - The next event is scheduled for International Women's Day on March 8, 2025, at Queen Elizabeth Olympic Park in London [1] - The Women's Run Series is supported by RunThrough and focuses on creating an inclusive environment for runners of all backgrounds [2] Company Overview - StoneX Group Inc. operates a global financial services network, connecting various entities to the market ecosystem through digital platforms and execution services [4] - The company is a Fortune 100 entity headquartered in New York City, listed on the Nasdaq Global Select Market (NASDAQ:SNEX), and employs over 4,300 staff [4] - StoneX serves more than 54,000 commercial, institutional, and global payments clients, along with over 400,000 retail accounts across more than 80 offices worldwide [4]
StoneX Unites with Women's Run Series to Champion Athletics Diversity
GlobeNewswire News Room· 2025-02-21 08:25
Core Points - StoneX Financial Ltd continues its partnership with the Women's Run Series, aimed at increasing female and ethnic minority participation in athletics [1][2] - The next event is scheduled for International Women's Day on March 8, 2025, at Queen Elizabeth Olympic Park in London [1] - The Women's Run Series is supported by RunThrough and focuses on creating an inclusive environment for runners of all backgrounds [2] Company Overview - StoneX Group Inc. operates a global financial services network, connecting various entities to the market ecosystem through digital platforms and expertise [4] - The company is a Fortune 100 entity headquartered in New York City, listed on the Nasdaq Global Select Market (NASDAQ: SNEX) [4] - StoneX serves over 54,000 commercial, institutional, and global payments clients, along with more than 400,000 retail accounts, from over 80 offices across six continents [4]
StoneX Hedge® Reaches 1B Bushels Hedged
GlobeNewswire· 2025-02-20 21:04
Core Insights - StoneX Group Inc. has achieved a significant milestone with its web-based merchandising platform, StoneX Hedge, surpassing a total hedge volume of over 1 billion bushels of grain [1] - The platform integrates hedge execution with enterprise resource planning (ERP) systems, significantly reducing the time required for processing hedge orders from 2-10 minutes to just 2-10 seconds [2] - StoneX Hedge is designed to optimize risk management and operational efficiency, offering real-time automation, centralized risk visibility, and integration with leading ERPs [3] Company Overview - StoneX Group Inc. operates a global financial services network, connecting various market participants through digital platforms and execution services [4] - The company is a Fortune 100 entity headquartered in New York City, listed on the Nasdaq Global Select Market, and employs over 4,300 staff [4] - StoneX serves more than 54,000 commercial, institutional, and global payments clients, along with over 400,000 retail accounts across more than 80 offices worldwide [4]
StoneX(SNEX) - 2025 Q1 - Earnings Call Transcript
2025-02-06 21:43
Financial Data and Key Metrics Changes - The first quarter net income was $85.1 million, with diluted earnings per share of $2.54, representing a 23% and 19% growth over the prior year quarter respectively [11] - Operating revenues reached a record $944.3 million, up 20% year-over-year and 3% sequentially [12] - Net operating revenues increased by 17% compared to the previous year and 8% compared to the preceding quarter [13] - The trailing twelve months results showed operating revenues up 18%, net income of $276.8 million, and an ROE of 17% [15] Business Line Data and Key Metrics Changes - Operating revenues from physical contracts increased by 80% year-over-year, driven by strong growth in precious metals and physical ag and energy businesses [17] - FX CFD revenues rose by 32%, attributed to a 7% increase in average daily volume and a 22% increase in RPM [17] - Securities revenues increased by 27%, with volumes up 40%, although offset by a 20% decline in rate per million [17] - Payments revenues decreased by 4% year-over-year but increased by 20% sequentially [18] - OTC derivatives revenues fell by 18%, primarily due to a 22% decline in revenue capture [18] Market Data and Key Metrics Changes - The company experienced low volatility in the market, impacting spread capture in certain areas, particularly in OTC derivatives and payments [16] - The average daily volume for payments increased by 12% year-over-year [26] Company Strategy and Development Direction - The company is focused on expanding its market share through strategic acquisitions and enhancing its product offerings [49][56] - Recent acquisitions include Oktop Finance and JBR Recovery, aimed at enhancing access to EU institutional markets and improving precious metals capabilities [50][53] - The company aims to leverage regulatory changes and market dynamics to capture market share from larger banks [56] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about sustaining earnings momentum despite declining volatilities and interest rates [54] - The company believes it has significant growth potential in niche markets and is focused on expanding its client base and product offerings [56][86] Other Important Information - The board approved a three-for-two stock split, which will be effective after the close of trading on March 21, 2025 [32][33] Q&A Session Summary Question: What drove the revenue growth in physical contracts and its sustainability? - Key drivers included strong client activity in precious metals, growth from the acquisition of CDI, and volatility in cocoa prices. Sustainability remains uncertain due to potential market volatility [91][94][95] Question: Can you discuss the retail business and its sustainability? - The revenue capture has improved significantly, and while growth is expected to continue, it may fluctuate. The focus is on expanding the product suite to drive meaningful growth [98][100][102] Question: Can you elaborate on the payment rates and transaction mix? - The company aims to maintain diverse revenue streams and increase transaction volumes, despite challenges in predicting dollar scarcity in specific corridors [105][106][109]
StoneX Group Inc. (SNEX) Q1 2025 Earnings Conference Call Transcript
Seeking Alpha· 2025-02-06 21:43
Core Viewpoint - StoneX Group Inc. reported its earnings for the first quarter of fiscal year 2025, which ended on December 31, 2024, during a conference call held on February 6, 2025 [3]. Group 1: Earnings Report - The earnings conference call was led by Bill Dunaway, the Chief Financial Officer, who welcomed participants and provided an overview of the results [2][3]. - A press release detailing the quarterly results was issued after market close on the previous day, and additional materials, including a slide presentation, were made available on the company's website [3]. Group 2: Regulatory Compliance - The company reminded participants that discussions during the call should be considered alongside the most recent financial statements filed with the SEC, specifically the Form 10-Q [4]. - Forward-looking statements were mentioned, indicating that they involve known and unknown risks and uncertainties, which are detailed in the company's SEC filings [4].
StoneX(SNEX) - 2025 Q1 - Earnings Call Presentation
2025-02-06 18:58
Forward-Looking Statements The following presentation should be taken in conjunction with the most recent financial statements and notes thereto appearing in the most recent Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and other reports filed with the SEC by StoneX Group Inc. (the "Company"). This presentation may contain "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statem ...
StoneX Group Inc. (SNEX) Q1 Earnings and Revenues Top Estimates
ZACKS· 2025-02-06 00:01
StoneX Group Inc. (SNEX) came out with quarterly earnings of $2.54 per share, beating the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $2.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.05%. A quarter ago, it was expected that this company would post earnings of $2.05 per share when it actually produced earnings of $2.34, delivering a surprise of 14.15%.Over the last four quarters, the compan ...
StoneX(SNEX) - 2025 Q1 - Quarterly Report
2025-02-05 22:22
Financial Performance - The company achieved record net operating revenues of $944.3 million, a 20% increase from $784.2 million in the prior year[166]. - Net income rose by $16.0 million to $85.1 million, with diluted earnings per share increasing to $2.54 from $2.13[160]. - Operating revenues increased by $70.5 million, or 17%, to $492.1 million in Q4 2024 compared to Q4 2023, with notable increases in FX/CFD contracts (36%) and physical contracts (84%)[178]. - Total revenues for the three months ended December 31, 2024, increased by $8,369.1 million, or 43%, to $27,945.1 million compared to $19,576.0 million in the same period of 2023[205]. Revenue Sources - Operating revenues from physical contracts increased by $41.2 million, driven by a $16.1 million rise in precious metals and a $23.3 million increase in agricultural and energy revenues[171]. - Operating revenues from securities transactions increased by $85.6 million, supported by a 40% increase in average daily volume (ADV)[168]. - Interest income increased by 30% to $378.2 million, reflecting a rise in average client equity and money market/FDIC client balances[161]. - Operating revenues derived from FX/CFD contracts increased by $22.4 million, primarily due to a 23% increase in RPM and a 9% increase in ADV[232]. - Operating revenues from the Self-Directed/Retail segment increased by $31.6 million, or 34%, to $124.1 million compared to $92.5 million in the prior year[231]. Segment Performance - The Institutional segment contributed an additional $103.9 million to operating revenues, while the Payments segment saw a decrease of $2.5 million[157]. - Segment income for the Commercial segment increased by $15.0 million, or 17%, to $102.2 million in Q4 2024 compared to $87.2 million in Q4 2023[215]. - Segment income for the Institutional segment increased by $12.9 million, or 20%, to $78.1 million in Q4 2024 compared to $65.2 million in Q4 2023[220]. - Segment income for the Self-Directed/Retail segment increased by $28.2 million, driven by the rise in net operating revenues, despite a $5.2 million increase in non-variable direct expenses[235]. Expenses and Costs - Variable expenses accounted for 52% of total expenses, down from 54% in the prior year, indicating a focus on maintaining a variable cost model[159]. - Total compensation and other expenses increased by $55.0 million, or 17%, to $380.9 million in Q4 2024 compared to Q4 2023[181]. - Transaction-based clearing expenses increased by $12.2 million, or 16%, to $86.5 million in Q4 2024 compared to Q4 2023, maintaining 9% of operating revenues[173]. - Other non-compensation expenses increased by $20.6 million, or 19%, to $128.4 million in Q4 2024 compared to Q4 2023[185]. - Fixed compensation and benefits surged by 50% to $61.0 million, influenced by severance and accelerated compensation due to an executive departure[249]. Tax and Compliance - The effective income tax rate was 27% in Q4 2024, slightly down from 28% in Q4 2023, influenced by state and local taxes[192]. - The company is currently evaluating the impact of the recently issued ASU No. 2024-03 on its disclosures, effective for the fiscal year ending September 30, 2027[301]. - The FASB issued ASU No. 2023-09, effective for the fiscal year ending September 30, 2026, requiring additional disclosures in income tax rate reconciliation and disaggregation of income taxes paid by jurisdiction[302]. - ASU No. 2023-07 mandates disclosure of significant segment expenses and the title of the chief operating decision maker (CODM), effective for the fiscal year ending September 30, 2026[303]. Liquidity and Capital Management - As of December 31, 2024, total assets reached $29.6 billion, up from $27.5 billion as of September 30, 2024[270]. - The company issued $550.0 million in senior secured notes due 2031, with an interest rate of 7.875% per annum[274]. - The company believes that cash flows from operations, available cash, and available borrowings under credit facilities will be adequate to meet future liquidity needs for the following year[287]. - As of December 31, 2024, the company had five committed bank credit facilities totaling $1,205.0 million, with $412.0 million outstanding[276]. - Cash, segregated cash, cash equivalents, and segregated cash equivalents decreased by $329.6 million from $6,672.6 million as of September 30, 2024, to $6,343.0 million as of December 31, 2024[282]. Market and Risk Management - The company is exposed to market risk due to significant price movements and volatility in trading activities, with risk management policies established by the Risk Committee[306][308]. - An estimated 25 basis point decrease in short-term interest rates would result in approximately $5.8 million less in annual net income as of December 31, 2024[315]. - Currency risk arises from fluctuations in foreign exchange rates impacting earnings and assets, with the company executing hedging transactions to mitigate this exposure[317].
StoneX(SNEX) - 2025 Q1 - Quarterly Results
2025-02-05 21:25
EXHIBIT 99.1 StoneX Group Inc. Reports Fiscal 2025 First Quarter Financial Results Record Quarterly Net Operating Revenues of $492.1 million, up 17% Record Quarterly Net Income of $85.1 million, ROE of 19.5% Record Quarterly Diluted EPS of $2.54 per share, up 19% Announces a Three-for-Two Stock Split New York, NY – February 5, 2025 – StoneX Group Inc. (the "Company"; NASDAQ: SNEX), a global financial services network that connects companies, organizations, traders and investors to the global market ecosyste ...