Cohen & Steers Q2 GAAP EPS $0.63; adjusted EPS $0.68; AUM $80.7B

COHEN & STEERS, INC.

2024-Q2 EPS reported $1.31 revenue$244,431,000

GAAP diluted EPS $0.63, adjusted EPS $0.68; operating margin 31.5% (34.9% adj).
Revenue $121.7M, down 0.8% from Q1; investment advisory fees $114.6M.
Ending AUM $80.7B, down 0.6% from $81.2B; net outflows $345M.
Employee costs rose 2.1% QoQ due to $1.2M in separation expenses.
Net income $31.8M; effective tax rate 25.5% vs 24.3% previous quarter.

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