Fourth Quarter and Full-Year 2012 Results

Piper Jaffray Companies

"We produced solid results for the quarter and the year, despite adverse market conditions facing several of our businesses," said Andrew Duff, chairman and chief executive officer.

Piper Jaffray reported a net income from continuing operations of $15.6 million, compared to non-GAAP net income from continuing operations of $2.4 million in the year-ago period.For the year ended Dec. 31, 2012, net income from continuing operations was $47.1 million, compared to non-GAAP net income of $27.7 million in the prior year.

Note: References to non-GAAP figures in the year-ago period exclude the effects of a $118.4 million after tax goodwill impairment charge.

Management Call

January 30, 2013
9:00 a.m. ET

• View the call transcript (PDF)
• Listen to audio Webcast