OAKS, Pa., Jan. 29, 2020 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth-quarter 2019. Diluted earnings per share were $0.84 in fourth-quarter 2019 compared to $0.73 in fourth-quarter 2018.

Consolidated Overview

(In thousands, except
earnings per share)
For the Three Months
Ended Dec. 31,
  For the Twelve Months
Ended Dec. 31,
 
  2019 2018 % 2019 2018 %
Revenues $423,225 $405,057 4% $1,649,885 $1,624,167 2%
Net income 128,737 116,034 11% 501,426 505,868 (1)%
Diluted earnings per share $0.84 $0.73 15% $3.24 $3.14 3%

“Our financial results for 2019 reflect steady success in growing our profits. While we continue to execute our long-term strategy, turning headwinds into tailwinds, we are leveraging all of our assets through our One SEI approach,” said Alfred P. West, Jr., SEI Chairman and CEO.

“The wealth and investment industries are dynamic. We believe our unique position across financial technology, operations and investments provide growth opportunities that will lead to increased shareholder value. The investments we make and our success in 2019 situate us well for the future.”

Please read the full press release.