Cohen & Steers Q2 GAAP EPS $0.64, adjusted $0.70; revenue down 4.3% QoQ to $120.6M

COHEN & STEERS, INC.

2023-Q2 EPS reported $1.36 revenue$246,712,000

Diluted GAAP EPS $0.64; as adjusted EPS $0.70, down 10% and 7.7% QoQ, respectively.
Revenue $120.6M, down 4.3% from Q1 2023, driven by lower average AUM across all vehicle types.
Operating margin 33.9% GAAP, 36.4% as adjusted; down 170 bps and 160 bps QoQ, respectively.
Ending AUM $80.4B (+0.6% QoQ) on market appreciation of $1.8B, offset by net outflows of $512M.
Net outflows of $512M driven by open-end fund redemptions in preferred securities and U.S. real estate.

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 0.9

COHEN & STEERS, INC. reported quarter ended June 30, 2023 results: revenue $120,630, net income $31,778, EPS $0.64.

Period: quarter ended June 30, 2023
Revenue: $120,630
Net income: $31,778
EPS: $0.64
Result: reported results

Exact text from the filing

Three Months Ended June 30, 2023 March 31, 2023 $ Change % Change U.S. GAAP Revenue $ 120,630 $ 126,082 $ (5,452) (4.3 %) Expenses $ 79,789 $ 81,183 $ (1,394) (1.7 %) Operating income $ 40,841 $ 44,899 $ (4,058) (9.0 %) Non-operating income (loss) (1) $ 2,650 $ 1,632 $ 1,018 62.4 % Net income attributable to common stockholders $ 31,778 $ 35,314 $ (3,536) (10.0 %) Diluted earnings per share $ 0.64 $ 0.71 $ (0.07) (10.1 %)

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COHEN & STEERS, INC. filing history →

Source: SEC EDGAR

accession 0001284812-23-000216

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