secwatch.observer — SEC 8-K summary
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Issuer:     Ares Management Corp (ARES)
CIK:        0001176948
Form:       8-K
Filed at:   2023-04-28T23:59:59+00:00
Accession:  0001628280-23-013721
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ares Q1 GAAP net income $94M; fee related earnings $254.6M, up mid-20% YoY
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- GAAP net income $94M ($0.49 EPS); after-tax realized income $232M ($0.71 EPS).
- Fee related earnings $254.6M, up mid-20% YoY; management fees also grew mid-20%.
- Gross inflows of $16B in Q1; CEO cites strong investor demand for private capital offerings.
- Quarterly dividend of $0.77 per share declared, payable June 30, record June 16.
- CFO reaffirms growth objectives based on fundraising and deployment outlook.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1176948/000162828023013721/0001628280-23-013721-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1176948/000162828023013721/ares-20230428.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-013721

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer