secwatch.observer — SEC 8-K summary
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Issuer:     VIRTUS INVESTMENT PARTNERS, INC. (VRTS)
CIK:        0000883237
Form:       8-K
Filed at:   2024-04-26T23:59:59+00:00
Accession:  0000883237-24-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/883237/000088323724000044/0000883237-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/883237/000088323724000044/vrts-20240426.htm
  HTML page:      https://secwatch.observer/filing/0000883237-24-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer