earnings
confidence high
sentiment positive
materiality 0.75
GCM Grosvenor Q2 revenue up 33% to $119.7M; dividend raised 12.5%, $25M buyback authorized
GCM Grosvenor Inc.
2021-Q2 EPS reported
-$0.04
revenue$222,922,000
- Fee-Related Revenue grew 13% to $84.9M; Fee-Related Earnings up 9% to $27.5M; Adjusted EBITDA up 17% to $30.7M.
- GAAP net income attributable to GCM Grosvenor was $0.7M for the quarter (prior year $0 pre-IPO).
- AUM reached $66.9B, up 18% YoY; FPAUM $55.0B, up 11% YoY; CNYFPAUM $7.0B, up 26% YoY.
- Board approved $0.09 quarterly dividend, a 12.5% increase, payable Sept 15, 2021; also $25M stock repurchase plan.
- Reaffirmed FY 2021 guidance: Fee-Related Revenue growth 12-15% and Fee-Related Earnings growth 15-20% vs FY 2020.