earnings
confidence high
sentiment negative
materiality 0.75
Virtus Q2 GAAP EPS $2.43 (-41% YoY); adj EPS $6.53; AUM $173.6B; net outflows $2.6B
VIRTUS INVESTMENT PARTNERS, INC.
2024-Q2 EPS reported
$6.54
revenue$446,426,000
- GAAP net income $17.6M, down 42% YoY; diluted EPS $2.43 vs $4.10.
- Adjusted diluted EPS $6.53; total revenues $224.4M, up 5% YoY.
- Assets under management $173.6B; total sales $6.1B; net flows -$2.6B.
- Operating margin improved to 19.7% from 18.3% YoY; operating income $44.2M, up 13%.