BGC Group, Inc. (BGC) Q3 2024 Earnings Call Transcript

Oct. 31, 2024 4:54 PM ETBGC Group, Inc. (BGC) Stock, BGCPV Stock
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Q3: 2024-10-31 Earnings Summary

EPS of $0.26 beats by $0.03 | Revenue of $561.11M (16.25% Y/Y) beats by $18.11M

BGC Group, Inc. (NASDAQ:BGC) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET

Company Participants

Jason Chryssicas - Head, Investor Relations
Howard Lutnick - Chairman & Chief Executive Officer
Sean Windeatt - Chief Operating Officer
Jason Hauf - Chief Financial Officer

Conference Call Participants

Patrick Moley - Piper Sandler

Operator

Greetings, and welcome to the BGC Group Incorporated's Third Quarter 2024 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow today's formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It's now my pleasure to introduce Jason Chryssicas, Head of Investor Relations. Mr. Chryssicas, you may now begin.

Jason Chryssicas

Thank you, and hello, everyone.

This morning, we issued BGC's third quarter 2024 financial results press release and earnings presentation. You can find these at ir.bgcg.com.

Except as otherwise specified, any historical results provided on today's call compare only to the third quarter of 2024 with the prior year period.

We will be referring to our results on a non-GAAP basis, which include the terms adjusted earnings and adjusted EBITDA. Please refer to today's press release, investor presentation and supplemental tables in our website for additional details on our quarterly results, and for complete and updated definitions of any non-GAAP terms, reconciliations of these items to corresponding GAAP results and how and when management uses them.

The outlook discussed today assumes no material acquisitions or meaningful changes in our stock price. Our expectations are subject to change based on various macroeconomic, social, political and other factors. None of our targets or goals beyond 2024 should be considered formal guidance.

Also, I remind you that information on this call contains forward-looking statements, including without limitation, statements concerning our economic outlook and business. Such statements are subject to risks and uncertainties, which could cause

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