earnings
confidence high
sentiment negative
materiality 0.75
SEI Q4 2022 diluted EPS $0.83 (-19% YoY); revenue $456.6M (-9%)
SEI INVESTMENTS CO
2022-FY EPS reported
$3.46
revenue$1,991,037,000
- Diluted EPS $0.83 vs $1.03 Q4 2021; revenue $456.6M vs $501.7M; net income $112.2M down 23%.
- Private Banks operating profit plunged 85% to $1.7M; Investment Advisors revenue fell 16%.
- Average AUM (excl LSV) down 19% to $162.4B; average AUA down 11% to $789.9B.
- Net sales events in Private Banks & Investment Managers $25M (Q4) and $72.5M (FY) of new annualized recurring revenue.
- Repurchased 1.3M shares for $79.6M; operating cash flow $137.6M; free cash flow $120.3M.