secwatch.observer — SEC 8-K summary
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Issuer:     Silvercrest Asset Management Group Inc. (SAMG)
CIK:        0001549966
Form:       8-K
Filed at:   2024-10-31T23:59:59+00:00
Accession:  0000950170-24-119536
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Silvercrest Q3 GAAP EPS $0.24 vs $0.34 YoY; net income down 31% on higher expenses
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- Revenue $30.4M (+2.4% YoY); GAAP net income $3.7M (-31% YoY); diluted EPS $0.24 vs $0.34.
- Adjusted EBITDA $6.3M (20.9% margin) vs $8.0M (26.9% margin) YoY; adjusted diluted EPS $0.26 vs $0.36.
- Discretionary AUM $22.6B (+$1B QoQ, +10.2% YoY) on market gains; net client outflows of $0.3B in Q3.
- New business pipeline $1.2B, up 20% from prior quarter; company expects near-term organic net inflows.
- Declared $0.20 quarterly dividend payable Dec 20, 2024 (record Dec 13), unchanged from prior quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024119536/0000950170-24-119536-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1549966/000095017024119536/samg-20241031.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-119536

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