SEI Reports Second-Quarter 2018 Financial Results

July 19, 2018

OAKS, Pa., July 19, 2018 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the second-quarter 2018. Diluted earnings per share were $0.75 in second-quarter 2018 compared to $0.57 in second-quarter 2017.

Consolidated Overview

(In thousands, except
earnings per share)
For the Three Months
Ended June 30,
  For the Six Months
Ended June 30,
 
  2018 2017 % 2018 2017 %
Revenues $404,830 $372,331 9% $810,428 $732,315 11%
Net income 121,677 91,769 33% 261,515 180,506 45%
Diluted earnings per share $0.75 $0.57 32% $1.61 $1.11 45%

“Second-quarter financial results reflect increased adoption of our solutions across our markets, as well as continued migration to SEI's platforms, most notably the SEI Wealth PlatformSM,” said Alfred P. West, Jr., SEI Chairman and CEO.

"We continue to acquire new clients, enhance our platforms, and create scale while executing our long-term strategy. We feel that this puts us on track to generate sustainable growth for our shareholders."

Please read the full press release.