earnings
confidence high
sentiment neutral
materiality 0.70
BrightSphere Q3 2024 ENI EPS $0.59 vs $0.45 YoY; AUM record $120.3B
Acadian Asset Management Inc.
2024-Q3 EPS reported
$1.10
revenue$337,800,000
- GAAP diluted EPS $0.45 vs $0.46 YoY; net income attributable to controlling interests $16.9M vs $19.6M.
- ENI EPS $0.59, up 31.1% YoY; ENI revenue $122.2M (+14.7%); segment Adjusted EBITDA $44.7M (+18.6%).
- AUM of $120.3B, a record, up 6.8% from Q2 2024; net flows +$0.5B vs -$0.5B YoY.
- $0.01/share interim dividend declared, payable Dec 27, 2024 to holders of record Dec 13, 2024.
- Share repurchases of $100M since Dec 2023; cash $53.6M, revolving credit facility fully paid down.