earnings
confidence high
sentiment positive
materiality 0.82
SEI reports Q3 EPS $1.19 (+37% YoY), record sales events $46M, $400M buyback boost
SEI INVESTMENTS CO
2024-Q3 EPS reported
$3.23
revenue$1,567,961,000
- Diluted EPS $1.19 vs $0.87 YoY; revenue $537.4M (+13%); operating margin 26.8% vs 22.8%.
- Net sales events of $46.4M, highest single-quarter level; expected annualized recurring revenue $34.9M.
- Record combined AUM/AUA/AUA of ~$1.6 trillion; each business segment posted revenue and margin growth.
- Board approved $400M increase in stock repurchase program, total authorization now ~$429M.
- Repurchased 1.3M shares for $85.8M during Q3; includes one-time gain of $8.2M from property sale.