Published on 26 Apr 2024 on GuruFocus.com via Yahoo Finance
Tradeweb Markets Inc. (TW) Q1 2024 Earnings: Solid Performance with Revenue and EPS Beating ...
Quarterly Revenue: Reported at $408.7 million, marking a 24.1% increase year-over-year, slightly below the estimate of $411.33 million.Net Income: Reached $143.4 million, up 40.3% compared to the previous year, exceeding the estimated $168.33 million.Earnings Per Share (EPS): Diluted EPS was $0.59, with adjusted diluted EPS at $0.71, meeting the estimated EPS of $0.71.Adjusted EBITDA: Increased to $219.5 million from $172.2 million last year, with the margin expanding to 53.7% from 52.3%.Average Daily Volume (ADV): Climbed 39.1% to a record $1.9 trillion, with significant growth across multiple trading platforms.Dividend: Announced a quarterly cash dividend of $0.10 per share, payable on June 17, 2024.Acquisitions and Growth: Completed the acquisition of r8fin and announced an agreement to acquire ICD for $785 million, expected to close in the second half of 2024.
Warning! GuruFocus has detected 7 Warning Sign with TW.