SEI Q2 2023 EPS $0.89 beats prior year; revenue up 2% to $489M

SEI INVESTMENTS CO

2023-Q2 EPS reported $1.68 revenue$958,176,000

Diluted EPS $0.89 vs $0.81 YoY; net income $118.9M (+7%).
Revenue $489.1M (+2% YoY); Private Banks +8%, Investment Managers +6%, Advisors -3%.
One-time early buyout fee of $10.5M boosted Private Banks revenue.
Repurchased 1.3M shares for $75.5M at avg $58.56 during Q2.
Cash flow from operations $68.2M; free cash flow $53.4M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SEI INVESTMENTS CO reported second quarter ended June 30, 2023 results: revenue $489,057, net income $118,851, EPS $0.89.

Period: second quarter ended June 30, 2023
Revenue: $489,057
Net income: $118,851
EPS: $0.89
Result: reported results

Exact text from the filing

2022. Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 % 2023 2022 % Revenues $489,057 $481,670 2% $958,176 $1,063,113 (10)% Net income 118,851 111,276 7% 225,866 301,584 (25)% Diluted earnings per share $0.89 $0.81 10% $1.68 $2.17 (23)% “Our second-quarter

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Source: SEC EDGAR

accession 0000350894-23-000069

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