Silvercrest Q4 net loss of $0.4M; FY revenue down 4.7% to $117.4M

Silvercrest Asset Management Group Inc.

Q4 net loss attributable to Silvercrest $0.4M ($0.04 diluted loss); adjusted diluted EPS $0.07.
FY 2023 revenue $117.4M, down 4.7% YoY; net income $15.2M (12.9% margin) vs $30.8M (25.0%) prior year.
Total AUM $33.3B at Dec 31, up 15.2% YoY; discretionary AUM $21.9B, up 4.8% with net outflows of $1.1B.
Adjusted EBITDA $26.9M (22.9% margin) vs $32.0M (26.0%) in 2022; compensation ratio rose to 59% from 55%.
Management notes improved pipeline: $735M institutional and $585M OCIO opportunities.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Silvercrest Asset Management Group Inc. reported financial results for the quarter and year ended December 31, 2023.

Period: the quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 7, 2024, Silvercrest Asset Management Group Inc. (the “Company”) issued a press release announcing certain consolidated financial and operating results for the three and twelve months ended December 31, 2023. A copy of the press release is attached hereto as Exhibit 99.1, and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0000950170-24-027938

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