SEI Q1 2023 EPS $0.79 vs $1.36; revenue down 19% to $469M

SEI INVESTMENTS CO

2023-Q1 EPS reported $0.79 revenue$469,119,000

Net income $107M, operating profit $102M (-53% YoY).
Private Banks revenue fell 43% to $122.6M due to prior-year $88M one-time fee.
Average AUM (ex LSV) down 14% to $167.8B from $194.5B.
Net sales events of $21.2M expected to generate $17.1M annualized recurring revenue.
Repurchased 1.4M shares for $80.3M at avg $59.03/share.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

SEI INVESTMENTS CO reported first quarter ended March 31, 2023 results: revenue $469,119, net income $107,015, EPS $0.79.

Period: first quarter ended March 31, 2023
Revenue: $469,119
Net income: $107,015
EPS: $0.79
Result: reported results

Exact text from the filing

Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended March 31, 2023 2022 Revenues $469,119 $581,443 Net income 107,015 190,308 Diluted earnings per share $0.79 $1.36

View on SEC.gov

Browse all earnings releases →

SEI INVESTMENTS CO filing history →

Source: SEC EDGAR

accession 0000350894-23-000052

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.