SEI Reports Third-Quarter 2016 Financial Results

October 20, 2016

OAKS, Pa., October 20, 2016 -- SEI Investments Company (NASDAQ:SEIC) today announced financial results for the third-quarter 2016. Diluted earnings per share were $0.53 in third-quarter 2016 compared to $0.47 in third-quarter 2015. Third-quarter 2015 includes a charge against earnings of approximately $6.0 million, or $0.02 diluted earnings per share, from the write-off of certain assets related to the SEI Wealth PlatformSM.

Consolidated Overview

(In thousands, except earnings per share) For the Three Months Ended September 30,   For the Nine Months Ended September 30,   
  2016 2015 % 2016 2015 %
Revenues $354,641 $333,622 6% $1,032,735  $998,811  3%
Net Income 86,704 79,425 9% 245,206  250,276 (2)%
Diluted earnings per share $0.53 $0.47 13% $1.49  $1.47 1%

"Our third-quarter results reflect growth in revenue from existing clients, new business and stronger capital markets," said Alfred P. West, Jr., SEI Chairman and CEO.

"Our current investments are aimed at preparing for large client implementations and creating a sustainable competitive advantage for all of our services. They also position us well for long-term success and increased shareholder value."

Please read the full press release