Virtus Q4 2023 EPS $4.21 (adj $6.11); revenue up 8% but net outflows $3.8B

VIRTUS INVESTMENT PARTNERS, INC.

2023-FY EPS reported $17.71 revenue$845,268,000

Diluted EPS $4.21 vs $4.77 YoY; adjusted EPS $6.11. Net income $30.8M, down 13% YoY.
Revenue $214.6M, up 8% YoY; operating margin 18.2% vs 15.7% prior year.
Assets under management $172.3B; total sales $6.2B, net flows negative $3.8B.
Operating expenses $175.6M, up 5% YoY; operating income $39.0M, up 25% YoY.

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 three months ended December 31, 2023 results: revenue $214.6, net income $30.8, EPS $4.21.

Period: the three months ended December 31, 2023
Revenue: $214.6
Net income: $30.8
EPS: $4.21
Result: reported results

Exact text from the filing

(in millions, except per share data or as noted) Three Months Ended Three Months Ended 12/31/2023 12/31/2022 Change 9/30/2023 Change U.S. GAAP Financial Measures Revenues $ 214.6 $ 198.4 8 % $ 219.3 (2 %) Operating expenses $ 175.6 $ 167.2 5 % $ 174.4 1 % Operating income (loss) $ 39.0 $ 31.2 25 % $ 44.9 (13 %) Operating margin 18.2 % 15.7 % 20.5 % Net

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Source: SEC EDGAR

accession 0000883237-24-000007

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