Virtus Q1 GAAP EPS $4.10, adjusted EPS $5.41; revenue $222M up 12% YoY

VIRTUS INVESTMENT PARTNERS, INC.

2024-Q1 EPS reported $4.10 revenue$222,042,000

GAAP diluted EPS $4.10 vs $5.21 in Q1 2023 (-21%); adjusted diluted EPS $5.41.
Revenue $222.0M, +12% YoY; operating income $32.3M (+13%); net income $29.9M (-23% YoY).
Assets under management $179.3B; total sales $7.6B; net outflows of $1.2B.
Operating margin 14.5% vs 14.4% a year ago, down from 18.2% sequentially.
Weighted avg diluted shares 7.287M vs 7.410M 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 three months ended March 31, 2024 results: revenue $ 222.0, net income $ 29.9, EPS $ 4.10.

Period: the three months ended March 31, 2024
Revenue: $ 222.0
Net income: $ 29.9
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 3/31/2024 3/31/2023 Change 12/31/2023 Change U.S. GAAP Financial Measures Revenues $ 222.0 $ 197.9 12 % $ 214.6 3 % Operating expenses $ 189.7 $ 169.3 12 % $ 175.6 8 % Operating income (loss) $ 32.3 $ 28.6 13 % $ 39.0 (17 %) Operating margin 14.5 % 14.4 % 18.2 % Net

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Source: SEC EDGAR

accession 0000883237-24-000044

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