earnings
confidence high
sentiment positive
materiality 0.70
SEI Q2 2024 EPS $1.05, up 18% YoY; revenue $519M, up 6%
SEI INVESTMENTS CO
2024-Q2 EPS reported
$2.04
revenue$1,030,565,000
- Diluted EPS $1.05 vs $0.89; net income $139M, up 17% YoY.
- Revenue $519M, up 6%; average assets under administration $1.0T (+16%).
- Investment Managers segment revenue up 13%; operating margin 38% vs 35%.
- Repurchased 1.6M shares for $111M at avg $67.44; free cash flow $100.6M.
- Net sales events of $26.9M in Private Banks/Investment Managers; expected annualized recurring revenue $21.5M.