earnings
confidence high
sentiment positive
materiality 0.75
BrightSphere Q4 2021 GAAP EPS $0.53; ENI EPS $0.53; AUM $117.2B; repurchased 45% of shares
Acadian Asset Management Inc.
2021-FY EPS reported
$10.29
revenue$523,800,000
- GAAP EPS $0.53 (Q4'20: $2.42, which included $1.90 gain on sale of Barrow Hanley); revenue $162.9M (+35% YoY).
- AUM $117.2B (+3.1% QoQ); net client cash flows $(0.8)B with $0.1M annualized revenue impact.
- Acadian segment Adjusted EBITDA $87.6M (+117% YoY); 89% of strategies beat benchmarks over 1 year.
- Repurchased 35.6M shares ($1.1B, 45% of outstanding) in Dec 2021; redeemed $125M of 5.125% notes in Jan 2022.
- Declared $0.01/sh quarterly dividend payable Mar 25, 2022; expects 2022 operating expense ratio 42%-46%.