BrightSphere Q1 GAAP EPS $0.28 vs $0.53 YoY; net income down 50%

Acadian Asset Management Inc.

2023-Q1 EPS reported $0.28 revenue$91,800,000

GAAP net income $12.0M (Q1'22: $23.8M); diluted EPS $0.28 (Q1'22: $0.53).
ENI EPS $0.28 vs $0.52 in Q1'22; Acadian segment Adjusted EBITDA $27.6M (Q1'22: $48.1M).
AUM $97.5B, up 4.2% from Q4'22; third straight quarter of positive net flows at $0.1B.
Dividend declared $0.01/share, payable June 30, 2023 to holders of record June 16.
Management cites lower AUM from 2022 market declines and lower performance fees.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Acadian Asset Management Inc. reported the first quarter ended March 31, 2023 results: net income $12.0 million, EPS $0.28.

Period: the first quarter ended March 31, 2023
Net income: $12.0 million
EPS: $0.28
Result: reported results

Exact text from the filing

U.S. GAAP earnings per share of $0.28 for the quarter, compared to $0.53 for Q1'22 • U.S. GAAP net income attributable to controlling interests of $12.0 million for the quarter, compared to $23.8 million for Q1'22

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Source: SEC EDGAR

accession 0001748824-23-000028

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