Virtus Q2 2023 GAAP EPS $4.10, adjusted $5.43; revenue $213.5M down 5% YoY

VIRTUS INVESTMENT PARTNERS, INC.

2023-Q2 EPS reported $9.31 revenue$411,410,000

Revenue $213.5M (-5% YoY, +8% QoQ); operating income $39.0M (-31% YoY).
Diluted GAAP EPS $4.10 (vs $2.29 in Q2 2022); adjusted diluted EPS $5.43.
Total sales $7.6B; net flows breakeven; AUM $168.3B at quarter-end.
Weighted average diluted shares 7.385M, down 3% YoY.
Operating margin 18.3% vs 25.2% a year ago.

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 0.9

VIRTUS INVESTMENT PARTNERS, INC. reported the quarter ended June 30, 2023 results: revenue $ 213.5, net income $ 30.3, EPS $ 4.10.

Period: the quarter ended June 30, 2023
Revenue: $ 213.5
Net income: $ 30.3
EPS: $ 4.10
Result: reported results

Exact text from the filing

(in millions, except per share data or as noted) Three Months Ended Three Months Ended 6/30/2023 6/30/2022 Change 3/31/2023 Change U.S. GAAP Financial Measures Revenues $ 213.5 $ 225.3 (5 %) $ 197.9 8 % Operating expenses $ 174.5 $ 168.6 3 % $ 169.3 3 % Operating income (loss) $ 39.0 $ 56.7 (31 %) $ 28.6 37 % Operating margin 18.3 % 25.2 % 14.4 % Net

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Source: SEC EDGAR

accession 0000883237-23-000117

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