Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 148

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 148
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 we acquired in the second quarter of 2024, and $0.2 million from the regional environmental services business, partially offset by a decrease of $5.5 million from the Communications segment.  

Selling, General and Administrative Expenses 

Selling, general and administrative expenses during the nine months ended September 30, 2024 and 2023 were comprised of the following:

 Nine Months EndedSeptember 30, 2024Nine Months EndedSeptember 30, 2023Change Amount%Amount%Amount%Capital Markets segment $135,816 23.5 %$177,628 30.7 %$(41,812)(23.5)%Wealth Management segment 148,587 25.7 %146,420 25.2 %2,167 1.5 %Financial Consulting segment 56,553 9.8 %43,166 7.4 %13,387 31.0 %Communications segment70,886 12.3 %84,215 14.5 %(13,329)(15.8)%Consumer Products segment 51,464 8.9 %59,774 10.3 %(8,310)(13.9)%Corporate and All Other  114,071 19.8 %68,761 11.9 %45,310 65.9 %Total selling, general & administrative expenses $577,377 100.0 %$579,964 100.0 %$(2,587)(0.4)%

Total selling, general and administrative expenses decreased by $2.6 million to $577.4 million during the nine months ended September 30, 2024 from $580.0 million during the nine months ended September 30, 2023. The decrease was primarily due to decreases of $41.8 million in the Capital Markets segment, $13.3 million in the Communications segment, and $8.3 million in the Consumer Products segment, partially offset by increases of $45.3 million in Corporate and All Other, $13.4 million in the Financial Consulting segment, and $2.2 million in the Wealth Management segment.

Capital Markets

Selling, general and administrative expenses in the Capital Markets segment decreased by $41.8 million to $135.8 million during the nine months ended September 30, 2024 from $177.6 million during the nine months