earnings
confidence high
sentiment neutral
materiality 0.60
BrightSphere Q3: GAAP EPS $0.42; ENI EPS $0.30 up 7% YoY; net inflows $0.6B
Acadian Asset Management Inc.
2022-Q3 EPS reported
$1.62
revenue$294,500,000
- GAAP diluted EPS $0.42 vs $2.76 in Q3'21 (prior year included gain on sale); ENI diluted EPS $0.30 vs $0.28 (+7.1%).
- AUM $83.3B at Sep 30, 2022, down 8% from Jun 30 and 26.7% from Sep 30, 2021, driven by market declines and stronger USD.
- Acadian generated net client cash flows of $0.6B in Q3; annualized revenue impact $0.3M.
- Dividend declared $0.01/share, payable Dec 30, 2022, record Dec 16, 2022.
- Cash balance $101.4M; $29M drawn on revolver, expected fully paid by year-end.