APAM Q3 2022 adj EPS $0.70, revenue $234.3M; AUM down 8% QoQ; dividend cut to $0.56

Artisan Partners Asset Management Inc.

2022-Q3 EPS reported $2.17 revenue$767,298,000

GAAP net income $44.2M ($0.65 EPS) vs $86.4M ($1.30) in Q3 2021; adjusted net income $56.4M ($0.70 adjusted share).
Revenue $234.3M, down 26% YoY primarily on lower average AUM ($120.6B vs $173.6B).
Net client cash outflows of $1.1B in Q3; $5.4B over trailing 12 months.
Variable quarterly dividend declared at $0.56 per share, down from $0.60 in prior quarter; payable Nov 30, 2022.
Refinanced $90M senior notes at 3.10% for additional 10 years; extended $100M revolver.

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

Artisan Partners Asset Management Inc. reported financial results for the three and nine months ended September 30, 2022.

Period: the three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 1, 2022 , Artisan Partners Asset Management Inc. (the “Company”) issued a press release announcing the availability of certain consolidated financial and operating results for the three and nine months ended September 30, 2022.

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Artisan Partners Asset Management Inc. filing history →

Source: SEC EDGAR

accession 0001517302-22-000073

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