Sprott Inc. Q1 Profit $29.2M, EPS $1.13 and Board Reappointed
Sprott Inc. shareholders elected all seven director nominees with support ranging from 95.68% to 99.33% and reappointed KPMG LLP as auditor with 99.26% approval. In Q1 the firm reported $143 million in revenue, net income of $29.2 million and earnings per share of $1.13.
1. Annual Meeting Results
On May 6, Sprott Inc. held its Annual Meeting where all seven director nominees were elected with votes for ranging from 95.68% for Judith O’Connell to 99.33% for Graham Birch. Shareholders also reappointed KPMG LLP as auditor with 99.26% voting in favor and authorized the board to set auditor fees and engagement terms.
2. Q1 Financial Results
For the quarter ended March 31, Sprott Inc. generated $143 million in revenue, recorded net earnings of $29.2 million and delivered earnings per share of $1.13, driven by its asset management operations in precious metals and critical materials investing.