Q4 2019 B. Riley Financial Inc Earnings Call Transcript
Good afternoon, and welcome to B. Riley Financial's Fourth Quarter and Full Year 2019 Earnings Call. Earlier today, B. Riley issued a press release with its financial results. Copy can be found in the Investors section of the company's website at ir.brileyfin.com. As a reminder, this call is being recorded. A replay of today's call will also be made available on the company's website. Joining us today are Bryant Riley, Chairman and Co-CEO; Tom Kelleher, Co-CEO; and Philip Ahn, CFO and COO.
After management's remarks, we'll open the line for questions. And before we conclude today's call, I will provide the necessary cautions regarding forward-looking statements. I will now turn the call over to Mr. Bryant Riley. Mr. Riley, please proceed.
Thank you, and welcome, everyone. 2019 was another year of continued progress and growth for B. Riley Financial, with total revenues of $652.1 million, a year-over-year increase of 54%; and adjusted EBITDA of $207.9 million, with net income of $81
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