Silvercrest Q1 2024: Revenue up 2.8% to $30.3M; GAAP EPS $0.32; AUM $34.5B

Silvercrest Asset Management Group Inc.

2024-Q1 EPS reported $0.32 revenue$30,272,000

Revenue $30.3M (+2.8% YoY); GAAP net income $4.9M, EPS $0.32; adjusted EPS $0.33.
Adjusted EBITDA $7.5M (24.6% margin) vs $8.2M (27.8%) YoY; expenses up 7.4% on compensation.
Total AUM $34.5B (+15.4% YoY); discretionary AUM $22.7B; new business pipeline $2.0B.
Hired international/global equity team; declared $0.19 quarterly dividend payable June 21.

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 0.95

Silvercrest Asset Management Group Inc. reported three months ended March 31, 2024 results: revenue Revenue of $30.3 million., net income GAAP consolidated net income ... of $4.9 million and $3.0 million, respectively., EPS Basic and diluted net income per share of $0.32..

Period: three months ended March 31, 2024
Revenue: Revenue of $30.3 million.
Net income: GAAP consolidated net income ... of $4.9 million and $3.0 million, respectively.
EPS: Basic and diluted net income per share of $0.32.
Result: reported results

Exact text from the filing

Quarter 2024 Highlights • Total AUM of $34.5 billion, inclusive of discretionary AUM of $22.7 billion and non-discretionary AUM of $11.8 billion at March 31, 2024. • Revenue of $30.3 million. • U.S. Generally Accepted Accounting Principles (“GAAP”) consolidated net income and net income attributable to Silvercrest of $4.9 million and $3.0 million, respectively. •

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Source: SEC EDGAR

accession 0000950170-24-052095

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