SEI Reports Fourth-Quarter 2023 Financial Results
Press release
SEI Reports Fourth-Quarter 2023 Financial Results
OAKS, Pa., Jan. 31, 2024 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth-quarter 2023. Diluted earnings per share were $0.91 in fourth-quarter 2023 compared to $0.83 in fourth-quarter 2022.
Consolidated Overview
(In thousands, except earnings per share)
| For the Three Months Ended December 31, | For the Twelve Months Ended December 31, | ||||||
| 2023 | 2022 | % | 2023 | 2022 | % | ||
| Revenue | $484,858 | $456,590 | 6% | $1,919,793 | $1,991,037 | (4)% | |
| Net income | 120,731 | 112,224 | 8% | 462,258 | 475,467 | (3)% | |
| Diluted earnings per share | $0.91 | $0.83 | 10% | $3.46 | $3.46 | -% | |
“Despite variable market conditions throughout the year, we navigated through uncertainty and delivered solid growth and core profitability. Our 2023 results reflect strong sales activity—particularly in our technology, investment processing, and operations segments—demonstrating traction in growth segments where we believe SEI has significant opportunity,” said CEO Ryan Hicke.
“With our unmatched breadth of capabilities, we believe we are firmly positioned to capitalize on the positive trends shaping our markets today and well into the future. Looking ahead to 2024 and beyond, we remain committed to our strategic vision for the future, and our financial strength, robust pipeline, and world-class talent reinforce our foundation and the momentum to deliver long-term, sustainable growth for our stakeholders.”
