BGC Group, Inc (NYSE:BGC) Q4 2023 Earnings Call Transcript

Sean Windeatt: So Patrick, we still remain whilst we’ve grown significantly, we still remain slightly undersized in that business. If you strip out our acquisition for Q4, we’d be up 25%. So excluding the Trident acquisition, up 25%, and we’re still seeing strong growth of 25% in Q4. We bought Trident in March last year, but still opportunities both in the U.K. and indeed still in the U.S. with growth that you’ve seen has been primarily on the oil side, but you’ve also got good growth in environmental business and also in our power business. So still strong double-digit growth and opportunities in commodities.

Operator: Thank you. At this time, I would like to turn the floor back over to Mr. Lutnick for closing comments.

Howard Lutnick: Well, thank you for joining us today. BGC had an excellent year in 2023, and we look forward to strong performance going forward. So thanks for spending the morning with us, and we look forward to speaking to you next quarter. Thanks, everyone.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation, and have a great day.