INTL FCStone Inc (NASDAQ:INTL), a diversified global financial services organization providing execution, risk management and advisory services, market intelligence and clearing services across asset classes and markets around the world, today announced its financial results for the fiscal year 2018 second quarter ended March 31, 2018.
Overall, Q2 operating revenues were up 33% from Q2-2017, to a record quarterly figure of $260.2 million at INTL FCStone. On the bottom line, Q2 net income of $22.7 million was up 106% over Q2-2017, and also represented a quarterly record for the company.
Sean M. O’Connor, CEO of INTL FCStone Inc, stated:
The return of volatility in some of our markets combined with higher short term interest rates created a favorable operating environment for us, resulting in both record operating revenues and net income, with an annualized ROE of nearly 20%. All of our segments increased profitability over the prior year led by record performance in both our Commercial Hedging and CES segments, up 48% and 61%, respectively, versus the prior year quarter.
We believe our year to date core earnings validate our goals of expanding our clearing and execution platform across nearly all markets and asset classes while focusing on growing our customer base.
INTL FCStone Inc’s full Q2-2018 report can be seen here.