SEI Reports First-Quarter 2021 Financial Results
SEI Investments Company today announced financial results for the first-quarter 2021
Press release
SEI Reports First-Quarter 2021 Financial Results
OAKS, Pa., April 21, 2021 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the first-quarter 2021. Diluted earnings per share were $0.89 in first-quarter 2021 compared to $0.72 in first-quarter 2020.
| (In thousands, except earnings per share) |
For the Three Months Ended March 31, |
||
| 2021 | 2020 | % | |
| Revenues | $455,686 | $414,762 | 10% |
| Net income | 129,470 | 109,242 | 19% |
| Diluted earnings per share | $0.89 | $0.72 | 24% |
“Our first-quarter results reflect positive capital market performance. We continue to execute our business strategies across the company and invest in the strength and expansion of the solutions we bring to our target markets,” said Alfred P. West, Jr., SEI Chairman and CEO. “We had solid sales results in processing and operational services, helping us offset the anticipated headwinds our asset management businesses face.”
“Our long-term success is built on a strong foundation of advancing our suite of solutions, leading in our markets, effectively executing strategies, and soundly managing finances—all backed by a talented workforce. We will continue to drive our success forward for the benefit of our clients, employees, communities and shareholders.”
