SEI Q1 EPS $0.99 (+25% YoY), revenue $511.6M (+9%); Private Banks OP up 103%

SEI INVESTMENTS CO

2024-Q1 EPS reported $0.99 revenue$511,579,000

Diluted EPS $0.99 vs $0.79 Q1 2023 (+25%); revenue $511.6M (+9%).
Private Banks operating profit surged 103% to $17.2M; Investment Advisors operating margin 45%.
Net sales events in Private Banks & Investment Managers totaled $24.5M, expected to generate ~$20.7M annual recurring revenue.
LSV earnings rose to $31.6M (+9%) on market appreciation and performance fees; repurchased 808k shares for $56M.
Free cash flow $92.9M; capitalized software $6.3M for SWP and new IM platform.

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 first quarter ended March 31, 2024 results: revenue $511,579, net income 131,400, EPS $0.99.

Period: first quarter ended March 31, 2024
Revenue: $511,579
Net income: 131,400
EPS: $0.99
Result: reported results

Exact text from the filing

2024 compared to $0.79 in first-quarter 2023. Consolidated Overview (In thousands, except earnings per share) For the Three Months Ended March 31, 2024 2023 % Revenues $511,579 $469,119 9% Net income 131,400 107,015 23% Diluted earnings per share $0.99 $0.79 25% “We entered 2024 with continued momentum, reflecting our strategic focus on increasing sales

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SEI INVESTMENTS CO filing history →

Source: SEC EDGAR

accession 0000350894-24-000078

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