secwatch.observer — SEC 8-K summary
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Issuer:     PRICE T ROWE GROUP INC (TROW)
CIK:        0001113169
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001113169-23-000002
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T. Rowe Price Q4 GAAP EPS $1.16, down 64% YoY; AUM down 24.5% to $1.27T
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- GAAP diluted EPS $1.16 in Q4 2022 vs $3.18 in Q4 2021; adjusted EPS $1.74 vs $3.17.
- Net revenue $1.5B, down 22.3% YoY; full-year net revenue $6.5B, down 15.4%.
- Year-end AUM $1.27T, down 24.5% from $1.69T; net outflows of $17.1B in Q4 and $61.7B for 2022.
- Recorded $202M in non-cash impairment charges in 2022; non-GAAP operating expenses up 6.4% YoY.
- 2023 non-GAAP operating expense growth guidance 2% to 6%; reduced headcount by ~2% in Q4.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000002/0001113169-23-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1113169/000111316923000002/trow-20230126.htm
  HTML page:      https://secwatch.observer/filing/0001113169-23-000002

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