SEI Reports First-Quarter 2018 Financial Results

25 April 2018

OAKS, Pa., April 25, 2018 -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the first-quarter 2018. Diluted earnings per share were $0.86 in first-quarter 2018 compared to $0.55 in first-quarter 2017. 

Consolidated Overview

(In thousands, except
earnings per share)
For the Three Months
Ended March 31,
   
  2018 2017 %
Revenues $405,598 $359,984 13%
Net income 139,838 88,737 58%
Diluted earnings per share $0.86 $0.55 56%

“Our results for the quarter reflect the progress we have made across our business lines during the past year, while continuing to make the necessary investments to expand and strengthen the platforms we bring to our target markets,” said Alfred P. West, Jr., SEI Chairman and CEO. “Financially, we also benefited from the change in corporate tax rates that became effective this year.        

"The markets we serve continue to face increasingly complex regulations in a highly-competitive environment. Our platforms are built and offered with one key focus, to help our clients achieve lasting success. This will foster growth for the company and increased shareholder value over the long-term."

Please read the full press release.