earnings
confidence high
sentiment negative
materiality 0.70
Artisan Partners Q1 2023 GAAP EPS $0.72, revenue falls 17% YoY; AUM rises 8% QoQ to $138.5B
Artisan Partners Asset Management Inc.
2022-Q3 EPS reported
$0.72
revenue$234,509,000
- GAAP net income $50.8M ($0.72 EPS); adjusted net income $51.8M ($0.64 adjusted EPS).
- Revenue $234.5M, down 17% YoY due to lower average AUM; operating margin 29.1% vs 38.0% YoY.
- AUM $138.5B at quarter end, up $10.6B QoQ driven by $11.9B investment returns offset by $1.3B net outflows.
- Declared variable quarterly dividend of $0.50/share, payable May 31, 2023 to holders of record May 17.
- CEO highlights 10-year totals: $16.7B excess returns, $32.37 total dividends per share, AUM growth from $83B to $138B.