earnings
confidence high
sentiment positive
materiality 0.85
Equitable Holdings FY2024 Non-GAAP operating EPS $5.93, up 29% YoY; cash generation $1.5B
Equitable Holdings, Inc.
2024-FY EPS reported
$3.78
revenue$12,437,000,000
- Full year Net income $1.3B ($3.78 per share); Q4 Net income $899M ($2.76 per share).
- Non-GAAP operating earnings $2.0B ($5.93 per share) for FY; Q4 $522M ($1.57 per share).
- Record net inflows: Retirement $7.1B, Wealth Mgmt $4.0B, Asset Mgmt active net inflows $4.3B.
- Cash generation $1.5B in 2024; expected to increase to $1.6-1.7B in 2025.
- Returned $1.3B to shareholders in 2024 (payout ratio 66%), in-line with 60-70% target.