SEI Reports Third-Quarter 2019 Financial Results
Company Hits $1 Trillion in Combined Assets under Management, Administration and Advisement
Press release
SEI Reports Third-Quarter 2019 Financial Results
OAKS, Pa., Oct. 23, 2019 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the third-quarter 2019. Diluted earnings per share were $0.86 in third-quarter 2019 compared to $0.80 in third-quarter 2018.
| (In thousands, except earnings per share) |
For the Three Months Ended Sept. 30, |
For the Nine Months Ended Sept. 30, |
||||
| 2019 | 2018 | % | 2019 | 2018 | % | |
| Revenues | $416,254 | $408,682 | 2% | $1,226,660 | $1,219,110 | 1% |
| Net income | 132,168 | 128,319 | 3% | 372,689 | 389,834 | (4)% |
| Diluted earnings per share | $0.86 | $0.80 | 8% | $2.40 | $2.41 | -% |
"Our third-quarter financial and new business sales results reflect continued success in our Investment Management Services business and growing momentum in our Private Banks segment," said Alfred P. West, Jr., SEI Chairman and CEO.
"We continue to invest in technology and business platforms that position us to take advantage of large opportunities and provide innovative client solutions. We are pleased with our progress and will continue to execute our strategy to deliver long-term value for our shareholders, clients and employees.”
