Victory Capital Q1: GAAP EPS $0.84, adj. $1.25; AUM $175.5B; dividend up 10%; Amundi deal MOU

Victory Capital Holdings, Inc.

2024-Q1 EPS reported $0.84 revenue$215,857,000

GAAP net income $0.84 per diluted share; adjusted net income with tax benefit $1.25 per diluted share.
Long-term gross flows $7.0B, net flows ($1.0B); net flows turned positive in March, best in over a year.
GAAP operating margin 39.3%, adjusted EBITDA margin 52.1%; revenue and adjusted EBITDA highest in six quarters.
Board authorized 10% increase in quarterly cash dividend to $0.37 per share, payable in June 2024.
Post-quarter, non-binding MOU with Amundi to combine Amundi US and establish 15-year distribution agreements; definitive agreement target by end of June.

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 0.85

Victory Capital Holdings, Inc. reported the three months ended March 31, 2024 results: net income GAAP net income of $0.84 per diluted share, EPS GAAP net income of $0.84 per diluted share.

Period: the three months ended March 31, 2024
Net income: GAAP net income of $0.84 per diluted share
EPS: GAAP net income of $0.84 per diluted share
Result: reported results

Exact text from the filing

On May 9, 2024, Victory Capital Holdings, Inc., (the “Company”) issued a press release (the “Earnings Press Release”) reporting results for the three months ended March 31, 2024.

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Victory Capital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-057171

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