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Focus Financial Partners Reports Second Quarter Results
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Focus Financial Partners Reports First Quarter Results
Performance Exceeds Expectations, Reinforcing Strong Momentum
NEW YORK, NY / ACCESSWIRE / May 6, 2021 / Focus Financial Partners Inc. (NASDAQ:FOCS) ( Focus Inc. , Focus , the Company , we , us or our ), a leading partnership of independent, fiduciary wealth management firms, today reported results for its first quarter ended March 31, 2021.
First Quarter 2021 Highlights
Organic revenue growth
GAAP net income of $2.5 million
GAAP basic and diluted net income per share attributable to common shareholders of $0.00 on a rounded basis
Adjusted Net Income Excluding Tax Adjustments
(2) of $63.4 million and Tax Adjustments of $10.5 million
Adjusted Net Income Excluding Tax Adjustments Per Share
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California Labor Code Section 925 prohibits employers from requiring
employees who reside and work primarily in California, as a
condition of employment, to agree to any provision that would
require the employee to litigate outside California any claim
arising in California, or that would deprive the employee of the
benefit of California law with respect to any claim arising in
California. Under Section 925, any such provision is voidable by
the employee and if the employee exercises her right to void the
provision, then any such claim shall be adjudicated in California
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