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B. Riley Financial reports preliminary Q4'16, FY16 results

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B. Riley Financial reports preliminary Q4'16, FY16 results

B. Riley Financial Inc. expects to report fourth-quarter 2016 adjusted EBITDA in the range of $21.5 million to $23.0 million and net income in the range of $10.2 million to $11.0 million.

The company expects fiscal 2016 adjusted EBITDA in the range of $45.3 million to $46.8 million and fiscal-year 2016 net income in the range of $19.3 million to $20.1 million.

The preliminary full-year results include the operations of United Online Inc. beginning July 1, 2016.

CEO Bryant Riley said the preliminary results reflect strong performance in the company's auction and liquidation business driven primarily by a robust quarter in retail liquidation.