SEI Reports Second-Quarter 2017 Financial Results

July 26, 2017

Closes Acquisition of Archway

OAKS, Pa., July 26, 2017 -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the second-quarter 2017. Diluted earnings per share were $0.57 in second-quarter 2017 compared to $0.49 in second-quarter 2016. Subsequent to the end of the second quarter, SEI completed its acquisition of Archway Technology Partners, LLC (Archway), a provider of technology and services to the family office and related markets.

“Our financial results for the quarter reflect the strength inherent in our overall business, even as we continue to invest in and advance our solutions for all of our markets,” said Alfred P. West, Jr., SEI Chairman and CEO.

“Our recent acquisition of Archway strategically strengthens our company and our Investment Managers segment and is an indication of our interest in very targeted transactions that expand our market footprint, solution capabilities and talent base. We are excited about the progress we’ve made and the opportunities for growth ahead for our company and shareholders.”

Read the full press release.

 

Consolidated Overview

(In thousands, except earnings per share) For the Three Months Ended June 30,   For the Six Months Ended June 30,   
  2017 2016 % 2017 2016 %
Revenues $372,331 $343,831 8% $732,315 $678,094 8%
Net Income 91,769 81,005 13% 180,506 158,502 14%
Diluted earnings per share $0.57 $0.49 16% $1.11 $0.96 16%

 

Legal Note

Many of the statements in this release may be considered “forward looking statements” and include discussions about future operations, strategies and financial results. Forward-looking statements are based upon estimates and assumptions that involve risks and uncertainties, many of which are beyond our control or are subject to change. Although we believe our assumptions are reasonable, they could be inaccurate. Our actual future revenues and income could differ materially from our expected results. We have no obligation to publicly update or revise any forward-looking statements.