Focus Financial Partners Key Executives
This section highlights Focus Financial Partners's key executives, including their titles and compensation details.
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Focus Financial Partners Earnings
This section highlights Focus Financial Partners's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2023 | 2023-05-06 | N/A | N/A |
Focus Financial Partners Inc. provides wealth management services to primarily ultra-high and high net worth individuals, families, and business entities. Its wealth management services include investment advice, financial and tax planning, consulting, tax return preparation, family office services, and other services. The company also offers recordkeeping and administration services; recommends financial products through commissions and distribution fees; and sells investment or insurance products. Focus Financial Partners Inc. was founded in 2006 and is headquartered in New York, New York.
$52.99
Stock Price
$3.50B
Market Cap
5.00K
Employees
New York, NY
Location
Financial Statements
Access annual & quarterly financial statements for Focus Financial Partners, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Revenue | $2.14B | $1.80B | $1.36B | $1.22B | $910.88M |
| Cost of Revenue | $1.26B | $1.08B | $825.68M | $736.17M | $590.79M |
| Gross Profit | $883.10M | $715.40M | $535.64M | $482.18M | $320.09M |
| Gross Profit Ratio | 41.20% | 39.80% | 39.35% | 39.58% | 35.14% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $537.61M | $402.97M |
| Selling and Marketing Expenses | $- | $- | $- | $-304.70M | $-232.70M |
| Selling General and Administrative Expenses | $376.42M | $297.64M | $236.38M | $232.91M | $170.27M |
| Other Expenses | $277.12M | $202.47M | $160.23M | $142.82M | $-2.35M |
| Operating Expenses | $653.54M | $500.11M | $396.61M | $375.73M | $269.02M |
| Cost and Expenses | $1.91B | $1.58B | $1.22B | $1.11B | $859.81M |
| Interest Income | $791.00K | $422.00K | $453.00K | $1.16M | $1.27M |
| Interest Expense | $99.89M | $55.00M | $41.66M | $58.29M | $56.45M |
| Depreciation and Amortization | $277.12M | $202.47M | $176.98M | $141.39M | $98.75M |
| EBITDA | $492.43M | $414.41M | $296.81M | $245.25M | $145.76M |
| EBITDA Ratio | 22.97% | 23.05% | 21.80% | 20.13% | 16.00% |
| Operating Income | $215.30M | $211.94M | $119.83M | $103.86M | $44.43M |
| Operating Income Ratio | 10.05% | 11.79% | 8.80% | 8.52% | 4.88% |
| Total Other Income Expenses Net | $-36.95M | $-167.42M | $-50.20M | $-72.62M | $-76.07M |
| Income Before Tax | $178.35M | $44.52M | $69.62M | $-4.98M | $-31.64M |
| Income Before Tax Ratio | 8.32% | 2.48% | 5.11% | -0.41% | -3.47% |
| Income Tax Expense | $53.08M | $20.08M | $20.66M | $7.05M | $9.45M |
| Net Income | $125.28M | $24.44M | $48.97M | $-12.03M | $-590.00K |
| Net Income Ratio | 5.85% | 1.36% | 3.60% | -0.99% | -0.06% |
| EPS | $1.90 | $0.42 | $1.00 | $-0.26 | $-0.01 |
| EPS Diluted | $1.90 | $0.42 | $1.00 | $-0.26 | $-0.01 |
| Weighted Average Shares Outstanding | 65.55M | 57.32M | 48.68M | 46.79M | 43.12M |
| Weighted Average Shares Outstanding Diluted | 65.81M | 57.83M | 48.80M | 46.79M | 43.12M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $583.80M | $557.51M | $547.68M | $519.86M | $539.21M | $536.57M | $523.89M | $454.54M | $425.36M | $394.18M | $379.67M | $331.48M | $313.11M | $337.05M | $340.23M | $316.64M | $301.55M | $259.92M | $247.51M | $235.70M |
| Cost of Revenue | $347.57M | $331.01M | $316.36M | $309.29M | $314.93M | $319.64M | $312.77M | $271.42M | $255.25M | $243.12M | $232.13M | $201.12M | $190.90M | $201.54M | $199.99M | $192.94M | $184.78M | $158.45M | $159.44M | $169.87M |
| Gross Profit | $236.24M | $226.50M | $231.32M | $210.57M | $224.28M | $216.93M | $211.11M | $183.12M | $170.10M | $151.06M | $147.54M | $130.37M | $122.21M | $135.52M | $140.24M | $123.70M | $116.76M | $101.47M | $88.08M | $65.83M |
| Gross Profit Ratio | 40.50% | 40.60% | 42.20% | 40.50% | 41.60% | 40.40% | 40.30% | 40.30% | 40.00% | 38.30% | 38.86% | 39.33% | 39.03% | 40.21% | 41.22% | 39.07% | 38.72% | 39.04% | 35.58% | 27.93% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $129.74M | $146.29M | $149.58M | $139.78M | $138.99M | $109.26M | $112.02M | $106.32M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-76.99M | $-83.69M | $-87.33M | $-81.11M | $-79.25M | $-57.01M | $-63.36M | $-62.49M |
| Selling General and Administrative Expenses | $114.99M | $112.82M | $103.08M | $89.92M | $94.77M | $88.65M | $89.16M | $75.64M | $69.02M | $63.83M | $63.59M | $57.44M | $52.75M | $62.59M | $62.25M | $58.66M | $59.74M | $52.26M | $48.66M | $43.83M |
| Other Expenses | $-229.00K | $75.75M | $73.41M | $71.35M | $68.45M | $-36.00K | $-118.00K | $312.00K | $-534.00K | $3.00K | $-239.00K | $-657.00K | $70.00K | $612.00K | $-354.00K | $9.00K | $-468.00K | $-236.00K | $-2.12M | $-525.00K |
| Operating Expenses | $193.67M | $188.57M | $176.49M | $161.26M | $163.22M | $152.56M | $147.75M | $125.31M | $116.63M | $136.35M | $105.94M | $97.58M | $108.27M | $101.30M | $101.25M | $96.36M | $93.38M | $84.74M | $75.89M | $69.53M |
| Cost and Expenses | $541.23M | $519.58M | $492.85M | $470.55M | $478.16M | $472.20M | $460.53M | $396.73M | $371.88M | $379.47M | $338.07M | $298.70M | $299.17M | $302.84M | $301.24M | $289.30M | $278.17M | $243.19M | $235.32M | $239.39M |
| Interest Income | $639.00K | $464.00K | $645.00K | $126.00K | $17.00K | $3.00K | $112.00K | $206.00K | $57.00K | $47.00K | $41.00K | $61.00K | $66.00K | $285.00K | $337.00K | $291.00K | $339.00K | $197.00K | $457.00K | $432.00K |
| Interest Expense | $48.34M | $43.93M | $35.89M | $26.49M | $19.89M | $17.62M | $17.11M | $16.54M | $10.83M | $10.52M | $9.11M | $8.90M | $10.06M | $13.59M | $15.16M | $15.85M | $14.42M | $12.86M | $10.97M | $13.00M |
| Depreciation and Amortization | $78.68M | $75.75M | $83.39M | $71.35M | $68.45M | $63.91M | $58.60M | $49.68M | $47.61M | $46.59M | $42.34M | $40.14M | $39.04M | $38.70M | $39.00M | $37.70M | $33.65M | $31.05M | $27.23M | $25.69M |
| EBITDA | $120.90M | $110.49M | $120.51M | $18.89M | $127.14M | $127.24M | $120.86M | $106.99M | $99.85M | $60.78M | $83.10M | $71.68M | $52.46M | $73.10M | $77.06M | $64.47M | $56.44M | $47.28M | $37.29M | $21.13M |
| EBITDA Ratio | 20.71% | 19.82% | 22.00% | 22.61% | 23.58% | 23.71% | 23.07% | 23.54% | 23.47% | 15.42% | 21.89% | 21.62% | 16.76% | 21.69% | 22.65% | 20.36% | 18.72% | 18.19% | 15.06% | 8.97% |
| Operating Income | $36.49M | $34.74M | $37.12M | $46.19M | $58.68M | $73.35M | $47.19M | $21.56M | $19.42M | $14.71M | $21.79M | $18.51M | $13.94M | $65.59M | $25.89M | $12.90M | $19.53M | $9.32M | $34.43M | $-14.26M |
| Operating Income Ratio | 6.25% | 6.23% | 6.78% | 8.89% | 10.88% | 13.67% | 9.01% | 4.74% | 4.56% | 3.73% | 5.74% | 5.58% | 4.45% | 19.46% | 7.61% | 4.08% | 6.48% | 3.58% | 13.91% | -6.05% |
| Total Other Income Expenses Net | $-48.69M | $-47.12M | $-45.42M | $4.22M | $22.86M | $-18.66M | $-18.21M | $-17.04M | $-12.07M | $-11.04M | $-9.97M | $-10.16M | $-10.58M | $-19.50M | $-27.83M | $-16.42M | $-15.01M | $-13.37M | $-13.10M | $-20.92M |
| Income Before Tax | $-12.20M | $-25.68M | $-8.30M | $50.41M | $81.55M | $54.70M | $28.98M | $4.53M | $7.35M | $3.67M | $11.82M | $8.35M | $3.37M | $46.09M | $-1.94M | $-3.51M | $4.53M | $-4.05M | $21.33M | $-35.18M |
| Income Before Tax Ratio | -2.09% | -4.61% | -1.52% | 9.70% | 15.12% | 10.19% | 5.53% | 1.00% | 1.73% | 0.93% | 3.11% | 2.52% | 1.07% | 13.67% | -0.57% | -1.11% | 1.50% | -1.56% | 8.62% | -14.93% |
| Income Tax Expense | $-41.28M | $-18.70M | $-6.89M | $12.12M | $32.23M | $15.62M | $14.04M | $2.68M | $2.17M | $1.19M | $4.15M | $4.41M | $37.00K | $12.07M | $10.75M | $-3.90M | $1.43M | $-1.22M | $3.78M | $3.75M |
| Net Income | $32.18M | $-6.98M | $-1.41M | $29.25M | $49.32M | $29.10M | $7.53M | $649.00K | $1.98M | $256.00K | $3.60M | $1.64M | $2.41M | $20.40M | $-12.00M | $1.27M | $796.00K | $-2.94M | $9.61M | $-10.20M |
| Net Income Ratio | 5.51% | -1.25% | -0.26% | 5.63% | 9.15% | 5.42% | 1.44% | 0.14% | 0.46% | 0.06% | 0.95% | 0.50% | 0.77% | 6.05% | -3.53% | 0.40% | 0.26% | -1.13% | 3.88% | -4.33% |
| EPS | $0.49 | $-0.08 | $-0.02 | $0.45 | $0.75 | $0.44 | $0.12 | $0.01 | $0.04 | $0.00 | $0.07 | $0.03 | $0.05 | $0.43 | $-0.25 | $0.03 | $0.02 | $-0.06 | $0.22 | $-0.24 |
| EPS Diluted | $-0.10 | $-0.08 | $-0.02 | $0.44 | $0.75 | $0.44 | $0.12 | $0.01 | $0.04 | $0.00 | $0.07 | $0.03 | $0.03 | $0.43 | $-0.25 | $0.03 | $0.02 | $-0.06 | $0.22 | $-0.24 |
| Weighted Average Shares Outstanding | 85.67M | 84.17M | 82.17M | 65.60M | 65.39M | 65.33M | 61.29M | 59.94M | 55.71M | 52.20M | 50.72M | 48.68M | 47.85M | 47.44M | 47.20M | 47.04M | 46.70M | 46.21M | 43.65M | 42.35M |
| Weighted Average Shares Outstanding Diluted | 85.67M | 84.17M | 82.17M | 65.82M | 65.60M | 65.77M | 61.94M | 60.44M | 56.16M | 52.65M | 51.05M | 48.81M | 73.42M | 47.44M | 47.20M | 47.06M | 46.72M | 46.21M | 43.71M | 42.35M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $139.97M | $310.68M | $65.86M | $65.18M | $33.21M |
| Short Term Investments | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $139.97M | $310.68M | $65.86M | $65.18M | $33.21M |
| Net Receivables | $217.22M | $198.83M | $169.22M | $129.34M | $98.60M |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $151.36M | $123.83M | $65.58M | $58.58M | $76.15M |
| Total Current Assets | $508.55M | $633.34M | $300.66M | $253.10M | $207.96M |
| Property Plant Equipment Net | $313.44M | $297.05M | $278.96M | $221.75M | $24.78M |
| Goodwill | $2.17B | $1.93B | $1.26B | $1.09B | $860.50M |
| Intangible Assets | $1.64B | $1.58B | $1.11B | $1.00B | $762.20M |
| Goodwill and Intangible Assets | $3.81B | $3.51B | $2.37B | $2.09B | $1.62B |
| Long Term Investments | $- | $- | $- | $- | $- |
| Tax Assets | $230.13M | $267.33M | $107.29M | $75.45M | $70.01M |
| Other Non-Current Assets | $7.59M | $4.25M | $6.95M | $9.64M | $12.34M |
| Total Non-Current Assets | $4.36B | $4.08B | $2.76B | $2.40B | $1.73B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $4.87B | $4.71B | $3.06B | $2.65B | $1.94B |
| Account Payables | $12.21M | $11.58M | $9.63M | $8.08M | $8.94M |
| Short Term Debt | $2.51B | $2.39B | $1.51B | $1.27B | $- |
| Tax Payables | $- | $- | $- | $-4.98M | $-31.64M |
| Deferred Revenue | $10.73M | $10.93M | $9.19M | $7.84M | $6.21M |
| Other Current Liabilities | $-2.22B | $-2.12B | $-1.46B | $105.02M | $944.09M |
| Total Current Liabilities | $2.69B | $2.59B | $1.65B | $1.39B | $927.61M |
| Long Term Debt | $- | $- | $- | $- | $836.58M |
| Deferred Revenue Non-Current | $- | $219.54M | $- | $7.84M | $6.21M |
| Deferred Tax Liabilities Non-Current | $29.58M | $31.97M | $- | $48.40M | $39.16M |
| Other Non-Current Liabilities | $3.22B | $3.04B | $2.13B | $404.46M | $-678.09M |
| Total Non-Current Liabilities | $878.12M | $997.12M | $557.77M | $460.70M | $197.65M |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $3.56B | $3.59B | $2.20B | $1.85B | $1.13B |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $777.00K | $767.00K | $719.00K | $695.00K | $690.00K |
| Retained Earnings | $116.78M | $25.00M | $14.58M | $-13.46M | $-590.00K |
| Accumulated Other Comprehensive Income Loss | $18.32M | $3.03M | $-2.17M | $-1.30M | $-1.82M |
| Other Total Stockholders Equity | $918.04M | $841.75M | $526.66M | $498.19M | $471.39M |
| Total Stockholders Equity | $1.05B | $870.54M | $539.80M | $484.12M | $469.66M |
| Total Equity | $1.30B | $1.12B | $858.88M | $803.97M | $812.52M |
| Total Liabilities and Stockholders Equity | $4.87B | $4.71B | $3.06B | $2.65B | $1.94B |
| Minority Interest | $249.38M | $246.86M | $319.08M | $319.85M | $342.86M |
| Total Liabilities and Total Equity | $4.87B | $4.71B | $3.06B | $2.65B | $1.94B |
| Total Investments | $- | $- | $- | $- | $- |
| Total Debt | $2.80B | $2.67B | $1.76B | $1.47B | $836.58M |
| Net Debt | $2.66B | $2.36B | $1.69B | $1.40B | $803.37M |
Balance Sheet Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $137.04M | $100.20M | $139.97M | $128.53M | $221.05M | $317.03M | $310.68M | $642.21M | $143.98M | $169.72M | $65.86M | $42.66M | $35.33M | $233.04M | $65.18M | $51.26M | $37.94M | $83.78M | $33.21M | $98.38M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $137.04M | $100.20M | $139.97M | $128.53M | $221.05M | $317.03M | $310.68M | $642.21M | $143.98M | $169.72M | $65.86M | $42.66M | $35.33M | $233.04M | $65.18M | $51.26M | $37.94M | $83.78M | $33.21M | $98.38M |
| Net Receivables | $236.79M | $225.26M | $217.22M | $207.99M | $206.91M | $209.21M | $198.83M | $189.20M | $178.30M | $176.56M | $169.22M | $157.07M | $147.59M | $139.50M | $129.34M | $130.38M | $118.67M | $119.20M | $98.60M | $101.57M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Current Assets | $206.98M | $173.17M | $151.36M | $174.01M | $165.71M | $162.00M | $123.83M | $130.88M | $126.86M | $87.59M | $65.58M | $62.99M | $55.80M | $60.26M | $58.58M | $79.06M | $70.95M | $83.50M | $76.15M | $70.13M |
| Total Current Assets | $580.81M | $498.62M | $508.55M | $510.53M | $593.67M | $688.24M | $633.34M | $962.29M | $449.14M | $433.87M | $300.66M | $262.71M | $238.72M | $432.80M | $253.10M | $260.71M | $227.57M | $286.48M | $207.96M | $270.07M |
| Property Plant Equipment Net | $326.39M | $325.62M | $313.44M | $307.57M | $301.71M | $302.90M | $297.05M | $271.66M | $275.61M | $277.84M | $278.96M | $282.14M | $244.21M | $223.74M | $221.75M | $208.09M | $203.23M | $196.05M | $24.78M | $22.41M |
| Goodwill | $2.31B | $2.21B | $2.17B | $2.09B | $2.05B | $1.93B | $1.93B | $1.43B | $1.32B | $1.25B | $1.26B | $1.13B | $1.12B | $1.11B | $1.09B | $1.07B | $988.71M | $945.50M | $860.50M | $693.16M |
| Intangible Assets | $1.76B | $1.75B | $1.64B | $1.64B | $1.62B | $1.53B | $1.58B | $1.18B | $1.11B | $1.08B | $1.11B | $947.73M | $972.51M | $998.87M | $1.00B | $1.01B | $913.11M | $881.10M | $762.20M | $672.06M |
| Goodwill and Intangible Assets | $4.07B | $3.96B | $3.81B | $3.73B | $3.68B | $3.45B | $3.51B | $2.61B | $2.43B | $2.34B | $2.37B | $2.07B | $2.09B | $2.11B | $2.09B | $2.09B | $1.90B | $1.83B | $1.62B | $1.37B |
| Long Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Assets | $238.68M | $231.43M | $230.13M | $232.33M | $236.04M | $258.23M | $267.33M | $237.04M | $229.03M | $160.25M | $107.29M | $103.46M | $76.21M | $72.62M | $75.45M | $77.92M | $77.05M | $75.36M | $70.01M | $70.23M |
| Other Non-Current Assets | $6.82M | $7.20M | $7.59M | $3.65M | $4.17M | $3.58M | $4.25M | $4.93M | $5.60M | $6.28M | $6.95M | $7.62M | $8.30M | $8.97M | $9.64M | $10.32M | $10.99M | $11.67M | $12.34M | $13.01M |
| Total Non-Current Assets | $4.64B | $4.53B | $4.36B | $4.27B | $4.22B | $4.02B | $4.08B | $3.13B | $2.94B | $2.78B | $2.76B | $2.47B | $2.42B | $2.42B | $2.40B | $2.38B | $2.19B | $2.11B | $1.73B | $1.47B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $5.22B | $5.03B | $4.87B | $4.78B | $4.81B | $4.71B | $4.71B | $4.09B | $3.39B | $3.21B | $3.06B | $2.73B | $2.66B | $2.85B | $2.65B | $2.64B | $2.42B | $2.40B | $1.94B | $1.74B |
| Account Payables | $13.61M | $15.10M | $12.21M | $11.82M | $16.23M | $14.72M | $11.58M | $11.71M | $8.60M | $7.81M | $9.63M | $8.56M | $7.44M | $9.65M | $8.08M | $10.46M | $12.22M | $13.60M | $8.94M | $8.62M |
| Short Term Debt | $2.60B | $2.60B | $2.51B | $2.43B | $2.48B | $2.44B | $2.39B | $2.25B | $1.62B | $1.62B | $1.51B | $1.26B | $1.29B | $1.53B | $1.27B | $1.28B | $1.11B | $1.08B | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $9.83M | $12.09M | $10.73M | $15.55M | $10.12M | $12.74M | $10.93M | $12.37M | $9.63M | $9.78M | $9.19M | $10.96M | $8.08M | $10.45M | $7.84M | $8.65M | $6.18M | $7.87M | $6.21M | $7.81M |
| Other Current Liabilities | $-2.30B | $-2.30B | $-2.51B | $-2.14B | $-2.20B | $-2.15B | $-2.12B | $-2.00B | $-1.36B | $-1.36B | $-1.25B | $-1.00B | $-1.07B | $-1.33B | $100.04M | $-1.09B | $-1.11B | $-1.08B | $912.46M | $- |
| Total Current Liabilities | $2.76B | $2.73B | $2.69B | $2.63B | $2.65B | $2.57B | $2.59B | $2.45B | $1.76B | $1.72B | $1.65B | $1.39B | $1.39B | $1.60B | $1.39B | $1.40B | $1.20B | $1.19B | $927.61M | $904.04M |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $57.78M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $836.58M | $798.48M |
| Deferred Revenue Non-Current | $215.01M | $- | $- | $- | $- | $- | $219.54M | $- | $- | $- | $- | $10.96M | $8.08M | $10.45M | $7.84M | $8.65M | $6.18M | $7.87M | $6.21M | $7.81M |
| Deferred Tax Liabilities Non-Current | $46.59M | $28.37M | $29.58M | $39.48M | $35.68M | $36.50M | $31.97M | $- | $- | $- | $- | $78.12M | $51.92M | $50.08M | $48.40M | $47.24M | $46.53M | $43.08M | $39.16M | $39.16M |
| Other Non-Current Liabilities | $3.26B | $3.34B | $3.51B | $3.14B | $3.22B | $3.17B | $687.83M | $2.91B | $2.21B | $2.06B | $1.93B | $1.53B | $1.53B | $1.74B | $404.46M | $1.57B | $1.53B | $1.51B | $-678.09M | $277.21M |
| Total Non-Current Liabilities | $1.09B | $965.81M | $878.12M | $867.82M | $907.07M | $953.05M | $997.12M | $734.11M | $726.56M | $617.13M | $557.77M | $502.75M | $444.02M | $420.15M | $460.70M | $434.91M | $405.00M | $394.39M | $197.65M | $188.09M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $3.85B | $3.70B | $3.56B | $3.50B | $3.56B | $3.52B | $3.59B | $3.19B | $2.49B | $2.34B | $2.20B | $1.89B | $1.83B | $2.02B | $1.85B | $1.83B | $1.60B | $1.58B | $1.13B | $1.09B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $785.00K | $785.00K | $777.00K | $774.00K | $774.00K | $769.00K | $767.00K | $726.00K | $725.00K | $721.00K | $719.00K | $715.00K | $696.00K | $696.00K | $695.00K | $694.00K | $694.00K | $692.00K | $690.00K | $653.00K |
| Retained Earnings | $148.32M | $116.15M | $116.78M | $116.43M | $87.18M | $54.10M | $25.00M | $17.46M | $16.82M | $14.84M | $14.58M | $10.98M | $9.34M | $6.93M | $-13.46M | $-1.46M | $-2.74M | $-3.53M | $-590.00K | $-10.20M |
| Accumulated Other Comprehensive Income Loss | $18.61M | $12.63M | $18.32M | $11.38M | $15.86M | $20.47M | $3.03M | $-2.68M | $734.00K | $917.00K | $-2.17M | $-7.31M | $-8.52M | $-8.75M | $-1.30M | $-3.58M | $-2.00M | $-1.59M | $-1.82M | $-245.00K |
| Other Total Stockholders Equity | $913.61M | $907.59M | $918.04M | $930.04M | $910.22M | $865.86M | $841.75M | $659.54M | $650.42M | $590.02M | $526.66M | $536.62M | $503.21M | $520.28M | $498.19M | $502.34M | $489.57M | $459.49M | $471.39M | $389.83M |
| Total Stockholders Equity | $1.08B | $1.04B | $1.05B | $1.06B | $1.01B | $941.19M | $870.54M | $675.05M | $668.70M | $606.50M | $539.80M | $541.01M | $504.73M | $519.16M | $484.12M | $498.00M | $485.52M | $455.05M | $469.66M | $380.04M |
| Total Equity | $1.37B | $1.33B | $1.30B | $1.29B | $1.25B | $1.18B | $1.12B | $901.30M | $899.09M | $877.65M | $858.88M | $838.69M | $831.21M | $827.05M | $803.97M | $813.57M | $815.86M | $812.28M | $812.52M | $648.83M |
| Total Liabilities and Stockholders Equity | $5.22B | $5.03B | $4.87B | $4.78B | $4.81B | $4.71B | $4.71B | $4.09B | $3.39B | $3.21B | $3.06B | $2.73B | $2.66B | $2.85B | $2.65B | $2.64B | $2.42B | $2.40B | $1.94B | $1.74B |
| Minority Interest | $289.50M | $289.61M | $249.38M | $228.24M | $234.82M | $241.43M | $246.86M | $226.25M | $230.39M | $271.15M | $319.08M | $297.68M | $326.48M | $307.88M | $319.85M | $315.58M | $330.33M | $357.22M | $342.86M | $268.79M |
| Total Liabilities and Total Equity | $5.22B | $5.03B | $4.87B | $4.78B | $4.81B | $4.71B | $4.71B | $4.09B | $3.39B | $3.21B | $3.06B | $2.73B | $2.66B | $2.85B | $2.65B | $2.64B | $2.42B | $2.40B | $1.94B | $1.74B |
| Total Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Debt | $2.90B | $2.91B | $2.80B | $2.71B | $2.77B | $2.72B | $2.67B | $2.50B | $1.87B | $1.87B | $1.76B | $1.52B | $1.51B | $1.72B | $1.47B | $1.46B | $1.29B | $1.27B | $836.58M | $798.48M |
| Net Debt | $2.77B | $2.81B | $2.66B | $2.59B | $2.55B | $2.41B | $2.36B | $1.86B | $1.73B | $1.71B | $1.69B | $1.47B | $1.48B | $1.49B | $1.40B | $1.41B | $1.26B | $1.18B | $803.37M | $700.10M |
Annual Cash Flow
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 |
|---|---|---|---|---|---|
| Net Income | $125.28M | $24.44M | $48.97M | $-12.03M | $-41.09M |
| Depreciation and Amortization | $277.12M | $202.47M | $160.23M | $141.39M | $98.75M |
| Deferred Income Tax | $32.24M | $-8.57M | $2.62M | $3.56M | $19.60M |
| Stock Based Compensation | $30.45M | $31.60M | $22.29M | $18.33M | $44.47M |
| Change in Working Capital | $-118.63M | $-53.02M | $-50.95M | $-10.47M | $-32.60M |
| Accounts Receivables | $-16.78M | $-32.01M | $-37.91M | $-29.56M | $-23.75M |
| Inventory | $- | $-22.05M | $-11.08M | $20.57M | $-9.71M |
| Accounts Payables | $-82.00K | $486.00K | $606.00K | $-1.17M | $2.34M |
| Other Working Capital | $-101.77M | $543.00K | $-2.56M | $-312.00K | $-1.48M |
| Other Non Cash Items | $-57.86M | $116.99M | $28.21M | $53.99M | $16.79M |
| Net Cash Provided by Operating Activities | $288.60M | $313.92M | $211.36M | $194.77M | $105.92M |
| Investments in Property Plant and Equipment | $-21.02M | $-11.02M | $-19.35M | $-25.47M | $-9.11M |
| Acquisitions Net | $-461.52M | $-979.06M | $-348.67M | $-532.51M | $-413.04M |
| Purchases of Investments | $- | $- | $- | $556.46M | $-24.30M |
| Sales Maturities of Investments | $- | $- | $- | $1.53M | $376.72M |
| Other Investing Activities | $7.36M | $-17.23M | $-4.95M | $-556.46M | $-376.72M |
| Net Cash Used for Investing Activities | $-475.18M | $-1.01B | $-372.97M | $-556.46M | $-446.45M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $1.16M | $219.64M | $- | $- | $565.16M |
| Common Stock Repurchased | $- | $-57.73M | $- | $- | $-61.54M |
| Dividends Paid | $-22.98M | $-32.31M | $-22.46M | $-20.64M | $-2.74M |
| Other Financing Activities | $39.98M | $971.11M | $184.29M | $414.21M | $325.23M |
| Net Cash Used Provided by Financing Activities | $16.99M | $938.80M | $161.83M | $393.57M | $322.49M |
| Effect of Forex Changes on Cash | $-1.12M | $-577.00K | $461.00K | $79.00K | $-198.00K |
| Net Change in Cash | $-170.71M | $244.83M | $680.00K | $31.96M | $-18.24M |
| Cash at End of Period | $139.97M | $310.68M | $65.86M | $65.18M | $33.21M |
| Cash at Beginning of Period | $310.68M | $65.86M | $65.18M | $33.21M | $51.45M |
| Operating Cash Flow | $288.60M | $313.92M | $211.36M | $194.77M | $105.92M |
| Capital Expenditure | $-21.02M | $-11.02M | $-19.35M | $-25.47M | $-9.11M |
| Free Cash Flow | $267.58M | $302.90M | $192.01M | $169.30M | $96.81M |
Cash Flow Charts
| Breakdown | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 | March 31, 2019 | December 31, 2018 | September 30, 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $29.08M | $-6.98M | $-1.41M | $38.29M | $49.32M | $39.08M | $14.94M | $1.85M | $5.17M | $2.48M | $7.67M | $3.94M | $3.33M | $34.02M | $-12.69M | $392.00K | $3.10M | $-2.83M | $17.55M | $-38.92M |
| Depreciation and Amortization | $78.68M | $75.75M | $73.41M | $71.35M | $68.45M | $63.91M | $58.60M | $49.68M | $47.61M | $46.59M | $42.34M | $40.14M | $39.04M | $38.70M | $39.00M | $37.70M | $33.65M | $31.05M | $27.23M | $25.69M |
| Deferred Income Tax | $-5.02M | $-2.23M | $-6.25M | $8.92M | $23.15M | $6.42M | $-8.00M | $-2.00M | $989.00K | $436.00K | $-1.53M | $815.00K | $-771.00K | $4.10M | $15.33M | $-3.00K | $26.00K | $-51.00K | $66.00K | $5.06M |
| Stock Based Compensation | $7.69M | $7.91M | $8.26M | $7.98M | $7.50M | $6.71M | $7.03M | $5.94M | $6.28M | $12.36M | $6.70M | $5.31M | $5.25M | $5.03M | $4.95M | $4.28M | $5.18M | $3.92M | $12.86M | $24.06M |
| Change in Working Capital | $-7.57M | $-95.43M | $-36.42M | $4.02M | $26.98M | $-113.21M | $-14.13M | $-7.21M | $22.73M | $-54.42M | $-2.85M | $8.85M | $-3.01M | $-53.94M | $4.31M | $17.71M | $-8.69M | $-23.80M | $-22.41M | $20.80M |
| Accounts Receivables | $-8.89M | $-8.10M | $-8.82M | $1.44M | $1.08M | $-10.48M | $-9.76M | $-12.21M | $-2.65M | $-7.39M | $-12.20M | $-9.81M | $-6.86M | $-9.05M | $805.00K | $-12.15M | $2.47M | $-20.69M | $6.42M | $-8.71M |
| Inventory | $6.17M | $- | $- | $- | $- | $-107.62M | $-1.23M | $503.00K | $24.45M | $-45.77M | $13.30M | $14.87M | $8.67M | $-47.92M | $-4.45M | $26.53M | $-5.12M | $-7.86M | $-26.25M | $29.12M |
| Accounts Payables | $-2.06M | $2.88M | $-103.00K | $-4.76M | $1.70M | $3.08M | $-1.49M | $2.50M | $1.11M | $-1.64M | $496.00K | $1.09M | $-2.26M | $1.28M | $-2.41M | $851.00K | $-4.27M | $4.66M | $1.12M | $-2.10M |
| Other Working Capital | $-2.79M | $-90.21M | $-27.50M | $7.34M | $24.20M | $1.81M | $-2.89M | $2.50M | $24.27M | $-45.39M | $8.85M | $17.57M | $6.11M | $-46.18M | $5.92M | $29.01M | $-6.89M | $-7.78M | $-29.95M | $31.61M |
| Other Non Cash Items | $7.19M | $17.75M | $20.68M | $-29.53M | $-41.47M | $-7.55M | $17.64M | $37.62M | $35.05M | $26.68M | $20.56M | $15.03M | $17.16M | $-24.54M | $29.28M | $14.62M | $6.07M | $7.57M | $-15.53M | $17.44M |
| Net Cash Provided by Operating Activities | $110.05M | $-3.23M | $58.28M | $101.02M | $133.93M | $-4.64M | $76.07M | $85.89M | $117.83M | $34.13M | $72.89M | $74.09M | $61.00M | $3.38M | $64.85M | $74.70M | $39.30M | $15.91M | $19.70M | $49.07M |
| Investments in Property Plant and Equipment | $-3.86M | $-5.61M | $-7.87M | $-6.72M | $-3.20M | $-3.23M | $-4.46M | $-2.24M | $-1.48M | $-2.83M | $-6.66M | $-6.74M | $-2.76M | $-3.19M | $-4.71M | $-10.70M | $-8.19M | $-1.88M | $-2.78M | $-1.90M |
| Acquisitions Net | $-55.56M | $-84.71M | $-99.85M | $-109.62M | $-249.45M | $-2.60M | $-692.26M | $-204.70M | $-74.18M | $-7.92M | $-279.21M | $-10.47M | $-6.81M | $-52.19M | $-38.18M | $-205.24M | $-85.71M | $-203.39M | $-116.22M | $-81.49M |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $1.90M | $-1.63M | $-17.50M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-500.00K | $- | $12.59M | $- | $- | $-5.23M | $- | $- | $- | $- | $-4.95M | $- | $- | $- | $1.53M | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $-59.92M | $-90.32M | $-95.12M | $-116.34M | $-252.65M | $-11.07M | $-696.72M | $-205.04M | $-77.30M | $-28.26M | $-290.81M | $-17.21M | $-9.57M | $-55.38M | $-41.36M | $-215.93M | $-93.89M | $-205.27M | $-119.00M | $-83.39M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $- | $- | $-12.12M | $- | $- | $- | $193.87M | $- | $13.65M | $12.12M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $12.12M | $- | $- | $- | $-31.97M | $- | $-13.65M | $-12.12M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-1.64M | $-1.53M | $-2.46M | $-4.56M | $-7.75M | $-8.21M | $-5.92M | $-7.28M | $-10.05M | $-9.05M | $-6.69M | $-8.12M | $-3.08M | $-4.57M | $-5.42M | $-3.49M | $-11.14M | $-596.00K | $-1.44M | $-802.00K |
| Other Financing Activities | $-12.01M | $55.43M | $49.35M | $-71.45M | $38.31M | $29.95M | $295.05M | $625.20M | $-56.20M | $107.05M | $247.22M | $-41.63M | $-246.39M | $225.09M | $-4.41M | $158.22M | $- | $240.50M | $55.59M | $100.94M |
| Net Cash Used Provided by Financing Activities | $-13.65M | $53.90M | $46.88M | $-76.02M | $24.39M | $21.74M | $289.13M | $617.92M | $-66.25M | $97.99M | $240.52M | $-49.75M | $-249.47M | $220.52M | $-9.83M | $154.73M | $8.76M | $239.91M | $34.24M | $100.14M |
| Effect of Forex Changes on Cash | $359.00K | $-130.00K | $1.40M | $-1.19M | $-1.66M | $319.00K | $-9.00K | $-542.00K | $-22.00K | $-4.00K | $601.00K | $196.00K | $331.00K | $-667.00K | $250.00K | $-184.00K | $-4.00K | $17.00K | $-101.00K | $-17.00K |
| Net Change in Cash | $36.84M | $-39.77M | $11.45M | $-92.52M | $-95.98M | $6.35M | $-331.52M | $498.23M | $-25.73M | $103.86M | $23.20M | $7.33M | $-197.71M | $167.86M | $13.91M | $13.32M | $-45.84M | $50.57M | $-65.17M | $65.81M |
| Cash at End of Period | $137.04M | $100.20M | $139.97M | $128.53M | $221.05M | $317.03M | $310.68M | $642.21M | $143.98M | $169.72M | $65.86M | $42.66M | $35.33M | $233.04M | $65.18M | $51.26M | $37.94M | $83.78M | $33.21M | $98.38M |
| Cash at Beginning of Period | $100.20M | $139.97M | $128.53M | $221.05M | $317.03M | $310.68M | $642.21M | $143.98M | $169.72M | $65.86M | $42.66M | $35.33M | $233.04M | $65.18M | $51.26M | $37.94M | $83.78M | $33.21M | $98.38M | $32.57M |
| Operating Cash Flow | $110.05M | $-3.23M | $58.28M | $101.02M | $133.93M | $-4.64M | $76.07M | $85.89M | $117.83M | $34.13M | $72.89M | $74.09M | $61.00M | $3.38M | $64.85M | $74.70M | $39.30M | $15.91M | $19.70M | $49.07M |
| Capital Expenditure | $-3.86M | $-5.61M | $-7.87M | $-6.72M | $-3.20M | $-3.23M | $-4.46M | $-2.24M | $-1.48M | $-2.83M | $-6.66M | $-6.74M | $-2.76M | $-3.19M | $-4.71M | $-10.70M | $-8.19M | $-1.88M | $-2.78M | $-1.90M |
| Free Cash Flow | $106.19M | $-8.84M | $50.42M | $94.30M | $130.74M | $-7.87M | $71.61M | $83.65M | $116.35M | $31.29M | $66.24M | $67.34M | $58.24M | $194.00K | $60.14M | $64.00M | $31.12M | $14.04M | $16.92M | $47.17M |
Focus Financial Partners Dividends
Explore Focus Financial Partners's dividend history, including dividend yield, payout ratio, and historical payments.
Focus Financial Partners News
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InterOcean Capital to Join The Colony Group
NEW YORK--(BUSINESS WIRE)--Focus Financial Partners Inc. (“Focus”), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which its partner firm InterOcean Capital Group, LLC (“InterOcean”), headquartered in Nashville, TN, will formally join Focus firm The Colony Group, LLC (“Colony”). This transaction is expected to close in the second quarter of 2024, subject to customary closing conditions. InterOcean pr.
FOCUS FINANCIAL SHAREHOLDER ALERT: CLAIMSFILER REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Focus Financial Partners Inc. - FOCS
NEW ORLEANS , Feb. 23, 2024 /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until March 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against Focus Financial Partners Inc. (NasdaqGS: FOCS), if they (1) sold shares of Focus Financial common stock from February 27, 2023 through the closing of the "take-private" acquisition of Focus Financial by Clayton, Dubilier & Rice, LLC ("CD&R") on August 31, 2023 (the "Merger"), including investors who sold their shares of Focus Financial common stock into the Merger, and (2) all persons or entities that held Focus Financial common stock on the June 9, 2023 record date for the Merger who were entitled to vote on the Merger. This action is pending in the United States District Court for the District of Delaware.
FOCUS FINANCIAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Focus Financial Partners Inc. - FOCS
NEW ORLEANS , Feb. 16, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against Focus Financial Partners Inc. (NasdaqGS: FOCS), if they (1) sold shares of Focus Financial common stock from February 27, 2023 through the closing of the "take-private" acquisition of Focus Financial by Clayton, Dubilier & Rice, LLC ("CD&R") on August 31, 2023 (the "Merger"), including investors who sold their shares of Focus Financial common stock into the Merger, and (2) all persons or entities that held Focus Financial common stock on the June 9, 2023 record date for the Merger who were entitled to vote on the Merger.
FOCUS FINANCIAL SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Focus Financial Partners Inc. - FOCS
NEW ORLEANS , Feb. 2, 2024 /PRNewswire/ -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against Focus Financial Partners Inc. (NasdaqGS: FOCS), if they (1) sold shares of Focus Financial common stock from February 27, 2023 through the closing of the "take-private" acquisition of Focus Financial by Clayton, Dubilier & Rice, LLC ("CD&R") on August 31, 2023 (the "Merger"), including investors who sold their shares of Focus Financial common stock into the Merger, and (2) all persons or entities that held Focus Financial common stock on the June 9, 2023 record date for the Merger who were entitled to vote on the Merger.
FOCUS FINANCIAL SHAREHOLDER ALERT by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors With Losses in Excess of $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Focus Financial Partners Inc. - FOCS
NEW ORLEANS--(BUSINESS WIRE)--Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until March 4, 2024 to file lead plaintiff applications in a securities class action lawsuit against Focus Financial Partners Inc. (NasdaqGS: FOCS), if they (1) sold shares of Focus Financial common stock from February 27, 2023 through the closing of the “take-private” acquisition of Focus Financial by Clayton, Dubilier &am.
Brian Cook to Join Focus Partner Firm InterOcean Capital Group, Enhancing InterOcean's Presence in the Nashville Area
NEW YORK, NY / ACCESSWIRE / August 22, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Phillip Brian Cook, Jr will join Focus partner firm InterOcean Capital Group, LLC ("InterOcean"). The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions.
Focus Financial Partners Reports Second Quarter 2023 Results
NEW YORK, NY / ACCESSWIRE / August 3, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus Inc.", "Focus", the "Company", "we", "us" or "our"), a leading partnership of independent, fiduciary wealth management firms, today reported results for its second quarter ended June 30, 2023. Second Quarter 2023 Highlights Total revenues of $583.8 million, 8.3% growth year over year Organic revenue growth(1) rate of 4.9% year over year GAAP net income of $29.1 million GAAP basic income and diluted loss per share of Class A common stock of $0.49 and ($0.10), respectively Adjusted Net Income Excluding Tax Adjustments(2) of $61.3 million and Tax Adjustments(3) of $17.6 million Adjusted Net Income Excluding Tax Adjustments Per Share(2) of $0.70 and Tax Adjustments(3) Per Share(2) of $0.20 Net Leverage Ratio(4) of 4.36x Please see footnote 2 under "How We Evaluate Our Business" later in this press release.
Padlock Investment Management to Join Focus Partner Firm Dorchester Wealth Management, Enhancing Dorchester's Toronto Presence
NEW YORK, NY / ACCESSWIRE / July 31, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Padlock Investment Management Inc. ("Padlock"), a portfolio management firm located in Toronto, Ontario, Canada, will join Focus partner firm Dorchester Wealth Management Company ("Dorchester"), headquartered in Montreal, Quebec, Canada. This transaction is expected to close in the third quarter of 2023, subject to customary closing conditions including regulatory approval.
Focus Financial Partners to Release 2023 Second Quarter Results on August 3
NEW YORK, NY / ACCESSWIRE / July 20, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, today announced that it will report its results for the second quarter ended June 30, 2023 on Thursday, August 3, 2023. Due to the definitive agreement for Focus to be acquired by affiliates of Clayton, Dubilier & Rice, LLC, which is expected to close in the third quarter of 2023, Focus is not expected to host an earnings conference call or take questions from the investment community.
INVESTOR ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 13, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ:FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 10, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ: FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / July 8, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ: FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
FOCUS FINANCIAL FINAL ALERT: FOCS Shareholders Interested in Pursuing Potential Claims Should Contact Julie & Holleman Regarding Sale of Company to CD&R
NEW YORK , July 5, 2023 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman LLP is investigating the proposed $7 billion acquisition of Focus Financial Partners Inc. (NASDAQ: FOCS) by private equity firm Clayton, Dubilier & Rice, LLC ("CD&R"). The firm is concerned about the price being offered as well as potential conflicts of interest.
Focus Financial Partners, Inc. (FOCS) Merger Investigation: Robbins LLP is Investigating the Acquisition of Focus Financial Partners, Inc.
SAN DIEGO--(BUSINESS WIRE)---- $FOCS #ClaytonDubilierRice--Focus Financial Partners, Inc. (FOCS) Merger Investigation: Robbins LLP is Investigating the Acquisition of Focus Financial Partners, Inc.
INVESTIGATION ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / June 29, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ:FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
Endurance Wealth Management to Join Focus Partner Firm Crestwood Advisors, Extending Crestwood's New England Presence
NEW YORK, NY / ACCESSWIRE / June 26, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Endurance Wealth Management, Inc. ("Endurance Wealth" or "Endurance"), a registered investment adviser based in Providence, RI will join Focus partner firm Crestwood Advisors Group, LLC ("Crestwood"). The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions.
Focus Financial Partners, Inc. (FOCS) Shareholder Alert: Robbins LLP Informs Stockholders it is Investigating the Acquisition of Focus Financial Partners, Inc. by Clayton, Dubilier & Rice
SAN DIEGO--(BUSINESS WIRE)---- $FOCS #ClaytonDubilierRice--Robbins LLP Is Investigating the Acquisition of Focus Financial Partners, Inc. by Clayton, Dubilier & Rice.
INVESTOR ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / June 19, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ:FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
FOCUS FINANCIAL PARTNERS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Focus Financial Partners Inc. - FOCS
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Focus Financial Partners Inc. (NasdaqGS: FOCS) to a partnership of Clayton, Dubilier & Rice, LLC and Stone Point Capital LLC. Under the terms of the proposed transaction, shareholders of Focus will receive $53 in cash for each share of Focus that they own. KSF is seeking to determine whether this considera.
ONGOING INVESTIGATION NOTICE: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 26, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ:FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
SHAREHOLDER ACTION ALERT: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 17, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ:FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
INVESTIGATION ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 16, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ:FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
Madison Wealth Advisors to Join Focus Partner Firm Buckingham Strategic Wealth, Deepening Buckingham's Presence in the Kansas City Area
NEW YORK, NY / ACCESSWIRE / May 12, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus"), a leading partnership of independent, fiduciary wealth management firms, announced today that it has entered into a definitive agreement under which Madison Wealth Advisors, LLC ("Madison" or "Madison Wealth Advisors"), a registered investment adviser based in Lee's Summit, MO, will join Focus partner firm Buckingham Strategic Wealth, LLC ("Buckingham" or "Buckingham Strategic Wealth"). This transaction is expected to close in the third quarter of 2023, subject to customary closing conditions.
Focus Financial Partners Inc. (FOCS) Q1 2023 Earnings Call Transcript
Focus Financial Partners Inc. (NASDAQ:FOCS ) Q1 2023 Results Conference Call May 4, 2023 8:30 AM ET Company Participants John McGranahan - General Counsel & Corporate Secretary Rudy Adolf - Founder and CEO Jim Shanahan - CFO John McGranahan Good morning, everyone. Before we begin, let me remind you that during the course of this call, we may make a number of forward-looking statements.
ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Focus Financial Partners Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 5, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Focus Financial Partners Inc. ("Focus Financial Partners" or "the Company") (NASDAQ:FOCS) for potential breaches of fiduciary duty on the part of its directors and management in connection with the Company's agreement to be acquired by Clayton Dubilier & Rice, LLC ("CD&R"). The investigation focuses on determining if Focus Financial Partners' Board breached its fiduciary duties to shareholders by failing to conduct a fair process and whether CD&R is underpaying for the Company.
Focus Financial Partners Reports First Quarter 2023 Results
Resilient Financial Performance and Strong M&A Momentum Despite Challenging Macro Environment NEW YORK, NY / ACCESSWIRE / May 4, 2023 / Focus Financial Partners Inc. (NASDAQ:FOCS) ("Focus Inc.", "Focus", the "Company", "we", "us" or "our"), a leading partnership of independent, fiduciary wealth management firms, today reported results for its first quarter ended March 31, 2023. First Quarter 2023 Highlights Total revenues of $557.5 million, 3.9% growth year over year Organic revenue growth(1) rate of 0.3% year over year GAAP net loss of ($7.0) million GAAP basic and diluted loss per share of Class A common stock of ($0.01) and ($0.22), respectively Adjusted Net Income Excluding Tax Adjustments(2) of $60.1 million and Tax Adjustments(3) of $17.4 million Adjusted Net Income Excluding Tax Adjustments Per Share(2) of $0.69 and Tax Adjustments(3) Per Share(2) of $0.20 Net Leverage Ratio(4) of 4.41x On February 27, 2023, entered into an Agreement and Plan of Merger (the "Merger Agreement") with affiliates of Clayton, Dubilier & Rice, LLC ("CD&R") to be acquired by CD&R in an all-cash transaction Please see footnote 2 under "How We Evaluate Our Business" later in this press release.
FOCS MERGER UPDATE: Focus Financing Shareholders Interested in Pursuing Potential Claims Should Contact Julie & Holleman Regarding Sale of Company to CD&R
NEW YORK , April 28, 2023 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman LLP is investigating the proposed $7 billion acquisition of Focus Financial Partners Inc. (NASDAQ: FOCS) by private equity firm Clayton, Dubilier & Rice, LLC ("CD&R"). The firm is concerned about the price being offered as well as potential conflicts of interest.
FOCS SHAREHOLDER ALERT: Kaskela Law LLC Announces Shareholder Investigation of Focus Financial Partners Inc. and Seeks Additional Cash for Investors - FOCS
PHILADELPHIA , April 13, 2023 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating the fairness of the recently announced buyout of Focus Financial Partners Inc. ("Focus") (NASDAQ: FOCS) shareholders.
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