earnings
confidence high
sentiment negative
materiality 0.75
Virtus Q2 GAAP EPS slumps to $2.29; adjusted EPS $6.86; AUM $155.4B
VIRTUS INVESTMENT PARTNERS, INC.
2022-Q2 EPS reported
$6.54
revenue$477,747,000
- GAAP diluted EPS $2.29 vs $7.86 YoY (down 71%); adjusted diluted EPS $6.86.
- Revenue $225.3M, down 8% from $244.0M a year ago and 11% from prior quarter.
- Net outflows of $4.8B; total sales $7.9B; AUM $155.4B vs $172.6B at Q2 2021.
- Operating income $56.7M, down 34% YoY; operating margin 25.2% vs 35.4%.
- Net income attributable to Virtus $17.4M, down 72% from $63.0M in Q2 2021.