earnings
confidence high
sentiment negative
materiality 0.70
Silvercrest Q2 revenue falls 2.8% YoY to $32.2M; AUM drops to $28.7B
Silvercrest Asset Management Group Inc.
2022-Q2 EPS reported
$1.35
revenue$65,683,000
- Revenue $32.2M, down 2.8% from $33.1M; GAAP EPS $0.58 vs $0.35 prior year.
- Adjusted EBITDA $9.2M (margin 28.5%) vs $10.4M (31.5%) YoY; adjusted EPS $0.40.
- Discretionary AUM fell to $20.4B from $22.9B YoY; total AUM $28.7B.
- Net outflows of $6.1B in discretionary over past 12 months; market depreciation $2.2B.
- Quarterly dividend $0.18 per share declared, payable Sept 23, 2022; unchanged.