SEI Reports Fourth-Quarter 2018 Financial Results

January 30, 2019

OAKS, Pa., Jan. 30, 2019 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth-quarter 2018. Diluted earnings per share were $0.73 in fourth-quarter 2018 compared to $0.75 in fourth-quarter 2017.

Consolidated Overview

(In thousands, except
earnings per share)
For the Three Months 
Ended December 31,
  For the Twelve Months
Ended December 31,
 
  2018 2017 % 2018 2017 %
Revenues $405,057 $408,219 (1)% $1,624,167 $1,526,552 6%
Net Income 116,034 122,144 (5)% 505,868 404,389 25%
Diluted earnings per share $0.73 $0.75 (3)% $3.14 $2.49 26%

"Our financial results reflect the positive growth of platform adoption across our business segments, as well as the capital markets' negative impact during the fourth quarter," said Alfred P. West, Jr., SEI Chairman and CEO.

"As we have said in the past, the wealth and investment management industries have headwinds to address and tailwinds to capitalize on. We believe our platforms position us well to enable our clients' success, while providing us growth opportunities that will lead to increased shareholder value."

Please read the full press release.