Good day, ladies and gentlemen, and welcome to the INTL FCStone Quarter Two 2018 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will follow at that time. (Operator Instructions) As a reminder, today's conference is being recorded.
I would now like to turn the conference over to your host, Chief Financial Officer, Mr. Bill Dunaway. Sir, you may begin.
Good morning. My name is Bill Dunaway. Welcome to our earnings conference call for our fiscal second quarter ended March 31, 2018.
After the market closed yesterday, we issued a press release reporting our results for our second fiscal quarter of 2018. This release is available on our Web site at www.intelfcstone.com as well as a slide presentation which we will refer to on this call in our discussions of our quarterly and year-to-date results. You'll need to sign on to the live webcast in order to view the presentation. The presentation and an archive of the webcast will also be available on our Web site after the call's conclusion.
Before getting underway, we're required to advise you and all participants should note, that the following discussion should be taken in conjunction with the most recent financial statements and notes thereto as well as the Form 10-Q filed with the SEC. This discussion may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities and Exchange Act of 1934.
These forward-looking statements involve known and unknown risks and uncertainties, which are detailed in our filings with the SEC. Although the company believes that its forward-looking statements are based upon reasonable assumptions regarding its business and future market conditions, there could be no assurances that the company's actual results will not differ materially from any results expressed or implied by the company's forward-looking statements. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned that any forward-looking statements are not guarantees of future performance.
With that, I'll now turn the call over to Sean O'Connor, the company's CEO.
Thanks, Bill. Good morning everyone and thanks for joining our second quarter fiscal 2018 earnings call. We achieved a sixth straight record quarter in operating revenues, up a strong 33% from a year ago, and up 22% sequentially from the immediately prior quarter. We recorded our best ever quarterly earnings of $22.7 million, up 106% from the prior year. After adjusting for the Tax Reform, second quarter adjusted net income was up 46% from our immediately prior quarter. Our diluted EPS was a record $1.18, up 103% from a year ago, and on an adjusted basis up 47% sequentially versus the first quarter.
Our return on equity for the quarter was 20% and for the year-to-date period excluding the Tax Reform was just over 18%. Our ROE numbers are calculated on total equity
Chief Financial Officer
Chief Executive Officer
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