SEI Reports Second-Quarter 2016 Financial Results

July 27, 2016

OAKS, Pa., July 27, 2016 -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the second-quarter 2016. Diluted earnings per share were $.49 in second-quarter 2016 compared to $.51 in second-quarter 2015.

Consolidated Overview

(In thousands, except earnings per share) For the Three Months Ended June 30,   For the Six Months Ended June 30,   
  2016 2015 % 2016 2015 %
Revenues $343,831 $337,745  2%  $678,094  $663,189  2%
Net Income 81,005  86,240 (6)% 158,502  170,851  (7)%
Diluted earnings per share $0.49  $0.51  (4)% $0.96  $1.00  (4)%

“Our second-quarter results reflect the broad market adoption of our solutions across our business segments,” said Alfred P. West, Jr., SEI Chairman and CEO. “The new client signings and growth of existing client relationships demonstrate the success we are having in our markets.

“Our larger and more complex client signings are proof of our ability to compete successfully in highly regulated, dynamic markets. Implementing these clients and sustaining this success requires an increase in our technology and operational investments. These investments position us to deliver long-term sustainable growth and increased shareholder value.”

Please read the full press release.