SEI Reports Fourth-Quarter 2020 Financial Results
SEI Investments Company today announced financial results for the fourth-quarter 2020
Press release
SEI Reports Fourth-Quarter 2020 Financial Results
OAKS, Pa., Jan. 27, 2021 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth-quarter 2020. Diluted earnings per share were $0.86 in fourth-quarter 2020 compared to $0.84 in fourth-quarter 2019.
| (In thousands, except earnings per share) |
For the Three Months Ended Dec. 31, |
For the Twelve Months Ended Dec. 31, |
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| 2020 | 2019 | % | 2020 | 2019 | % | |
| Revenues | $443,723 | $423,225 | 5% | $1,684,058 | $1,649,885 | 2% |
| Net income | 125,882 | 128,737 | (2)% | 447,286 | 501,426 | (11)% |
| Diluted earnings per share | $0.86 | $0.84 | 2% | $3.00 | $3.24 | (7)% |
“Our financial results for 2020 reflect steady recovery from the pandemic’s impact on the markets we serve. The health and safety of our workforce continue to be a priority, and I want to thank all of our employees and the firms that support us for helping us stay safe and thrive,” said Alfred P. West, Jr., SEI Chairman and CEO.
“We’re living and operating in extraordinary times, but we are unwavering in our focus on executing our long-term strategy to be the provider of choice in the wealth and investment management markets. We believe we have made significant progress on our One SEI approach, making all of our assets available to all of our markets, delivering new, dynamic solutions and creating new opportunities. Our solutions, backed by our talented workforce, are what uniquely position us to capture growth opportunities that will lead to increased shareholder value. Despite 2020’s challenging environment, our investments and success in adding new clients and building our backlog of new revenue situate us well for the future.”
