earnings
confidence high
sentiment neutral
materiality 0.70
SEI Q1 EPS $1.36 includes $0.47 one-time fee; board adds Brassington
SEI INVESTMENTS CO
2022-Q1 EPS reported
$1.36
revenue$581,443,000
- Diluted EPS $1.36 vs $0.89 Q1 2021; includes $0.47 one-time gain from $88M termination fee.
- Revenue $581.4M (+28% YoY); Private Banks segment revenue doubled to $213.5M on the fee.
- Excluding the one-time fee, diluted EPS would be $0.89, flat YoY, as operating expenses rose 14%.
- Board elected Jonathan Brassington; performance-vested option for 10,000 shares at $59.12.
- Repurchased 1.7M shares for $100.1M ($58.43 avg.) in Q1 2022.