earnings
confidence high
sentiment positive
materiality 0.75
BrightSphere Q2 GAAP EPS $6.42 vs $0.23 YoY; ENI EPS $0.40 vs $0.24; AUM $126.9B
Acadian Asset Management Inc.
2021-Q2 EPS reported
$6.77
revenue$243,000,000
- GAAP net income $532.7M vs $18.9M; includes $509.2M gain on Landmark sale (discontinued ops).
- ENI EPS $0.40; revenue $133.4M (+11% YoY); Acadian Adj. EBITDA $53.1M (+59% YoY).
- Landmark sale closed June 2021; TSW sale closed July 2021; Campbell Global sale expected Q3 2021.
- AUM $126.9B (Acadian $117.8B); net client cash flows $(0.9)B, mainly Acadian low-vol reallocation.
- Cash $1,175.4M; quarterly dividend $0.01/share, payable Sep 24, 2021 to record Sep 10.