secwatch.observer — SEC 8-K summary
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Issuer:     COHEN & STEERS, INC. (CNS)
CIK:        0001284812
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001284812-23-000018
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Cohen & Steers Q4 diluted EPS $0.66 ($0.79 adjusted); revenue down 10% sequentially; net outflows $1.1B
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- Q4 GAAP diluted EPS $0.66 vs $0.90 in Q3; adjusted EPS $0.79 vs $0.92.
- Q4 revenue $125.3M, down 10.4% from Q3 and 21.5% YoY; full-year revenue $566.9M vs $583.8M in 2021.
- Ending AUM $80.4B, up 1.5% from Q3, driven by market appreciation of $3.5B partially offset by net outflows of $1.1B.
- Operating margin GAAP 37.3% (Q4) vs 40.9% (Q3); full-year GAAP 38.1% vs 44.6% in 2021.
- Net outflows of $1.1B in Q4, led by $837M from preferred-securities open-end funds; distributions of $1.2B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1284812/000128481223000018/0001284812-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1284812/000128481223000018/cns-20230125.htm
  HTML page:      https://secwatch.observer/filing/0001284812-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer