Jefferies Posts $175.2M Q1 Profit, EPS $0.89; Revenue $2.87B
Jefferies Financial Group reported fiscal Q1 net income of $175.2 million and GAAP EPS of $0.70, with adjusted EPS of $0.89 on $2.87 billion in revenue ($2.02 billion adjusted). Profit rose 22% on resilient dealmaking and robust underwriting, partially offset by charges from its First Brands and MFS units.
1. Q1 Financial Highlights
Jefferies reported net income of $175.2 million in its fiscal first quarter, translating to GAAP EPS of $0.70 and adjusted EPS of $0.89. Total revenue reached $2.87 billion, with adjusted revenue of $2.02 billion for the period.
2. Drivers and Headwinds
Profit increased 22% year-over-year, driven by strong dealmaking and robust underwriting performance. These gains were partially offset by one-time charges related to its First Brands and MFS business units.
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