BrightSphere Q3 GAAP EPS $0.46, ENI EPS $0.45; revenue up 23.6% YoY

Acadian Asset Management Inc.

2023-Q3 EPS reported $1.01 revenue$295,400,000

GAAP diluted EPS $0.46 (Q3'22: $0.42); net income $19.6M (+10.1% YoY). ENI diluted EPS $0.45 (Q3'22: $0.30, +50%).
Total revenue $107.3M (+23.6% YoY) driven by higher management fees (+11%) and performance fees ($11.2M vs $1.1M).
AUM $97.4B at Sep 30, down 2.5% from June 30; net client outflows of $(0.5)B with $(0.3)M annualized revenue impact.
Quarterly dividend of $0.01/share declared, payable Dec 28 to holders of record Dec 15.
Full-year 2023 ENI operating expense ratio expected ~52-56% of management fees; variable comp ratio 46-50%.

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 third quarter ended September 30, 2023 results: net income $19.6 million, EPS $0.46.

Period: third quarter ended September 30, 2023
Net income: $19.6 million
EPS: $0.46
Result: reported results

Exact text from the filing

U.S. GAAP earnings per share of $0.46 for the quarter, compared to $0.42 for Q3'22 • U.S. GAAP net income attributable to controlling interests of $19.6 million for the quarter, compared to $17.8 million for Q3'22

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Source: SEC EDGAR

accession 0001748824-23-000053

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