SEI Q4 2023 EPS $0.91 beats $0.83 YoY; revenue up 6% to $484.9M

SEI INVESTMENTS CO

2023-FY EPS reported $3.46 revenue$1,919,793,000

Diluted EPS $0.91 vs $0.83 YoY; net income $120.7M, up 8%.
Revenue $484.9M (+6% YoY) driven by higher AUM/A fees and SWP growth.
Net sales events $22.9M in Q4, expected to generate $17.6M annualized recurring revenue.
Completed acquisitions of National Pensions Trust and Altigo, a cloud-based alt-investment platform.
One-time expenses of ~$11M (asset write-off, severance); repurchased 1.2M shares for $68.9M.

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 0.95

SEI INVESTMENTS CO reported fourth-quarter 2023 results: revenue $484,858, net income $120,731, EPS $0.91.

Period: fourth-quarter 2023
Revenue: $484,858
Net income: $120,731
EPS: $0.91
Result: reported results

Exact text from the filing

Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended December 31, For the Twelve Months Ended December 31, 2023 2022 % 2023 2022 % Revenues $484,858 $456,590 6% $1,919,793 $1,991,037 (4)% Net income 120,731 112,224 8% 462,258 475,467 (3)% Diluted earnings per share $0.91 $0.83 10% $3.46 $3.46 —% “Despite variable market

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Source: SEC EDGAR

accession 0000350894-24-000004

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