earnings
confidence high
sentiment negative
materiality 0.75
Cohen & Steers Q4 GAAP EPS $0.60, revenue $119.2M; AUM $83.1B, net outflows $935M
COHEN & STEERS, INC.
2023-FY EPS reported
$2.60
revenue$489,637,000
- Diluted EPS $0.60 GAAP, $0.67 adjusted; full year EPS $2.60 GAAP, $2.84 adjusted.
- Q4 revenue $119.2M, down 3.7% from Q3 and 4.9% YoY; full year revenue $489.6M, down 13.6% YoY.
- Ending AUM $83.1B, up 10.6% from Q3 on $9.6B market gains, offset by $935M net outflows and $717M distributions.
- Q4 operating margin 31.8% GAAP, 34.7% adjusted; full year margin 33.6% GAAP, 36.2% adjusted.
- Full year net outflows $2.0B; continued weakness in open-end funds and institutional accounts.