SEI Reports First-Quarter 2016 Financial Results

20 April 2016

OAKS, Pa., April 20, 2016 - SEI Investments Company (NASDAQ:SEIC) today announced financial results for the first-quarter 2016. Diluted earnings per share were $.47 in first-quarter 2016 compared to $.50 in first-quarter 2015. Diluted earnings per share in first-quarter 2016 and 2015 each reflect pre-tax gains of $2.8 million, or $.01 per share, from the sale of SEI Asset Korea.

Consolidated Overview

(In thousands, except earnings per share) For the Three Months Ended March 31,
  2016 2015 %
Revenues $334,263 $325,444 3%
Net income 77,497 84,611 (8)%
Diluted earnings per share $0.47 $0.50 (6)%

"Our results for the first quarter reflect the growing adoption of our platform solutions across our target markets and customer bases while we manage through capital market volatility," said Alfred P. West, Jr., SEI Chairman and CEO. "SEI's sales success during the quarter is a testament to the relevance of our offerings to our clients’ businesses.

"In all segments of our company, we are continuously investing in products and services that will position us well for the long term, while creating sustainable growth and increased shareholder value.”

Please read the full press release.