SEI Reports First-Quarter 2024 Financial Results
Press release
SEI Reports First-Quarter 2024 Financial Results
OAKS, Pa., April 24, 2024 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the first-quarter 2024. Diluted earnings per share were $0.99 in first-quarter 2024 compared to $0.79 in first-quarter 2023.
Consolidated Overview
(In thousands, except earnings per share)
| For the Three Months Ended March 31, | |||
| 2024 | 2023 | % | |
| Revenues | $511,579 | $469,119 | 9% |
| Net income | 131,400 | 107,015 | 23% |
| Diluted earnings per share | $0.99 | $0.79 | 25% |
“We entered 2024 with continued momentum, reflecting our strategic focus on increasing sales and profitability across SEI. In the first quarter, we delivered strong topline growth and margin expansion—with notable sales and implementation activity in our technology and investment processing businesses,” said CEO Ryan Hicke.
“We are well-positioned to capitalize on opportunities in the markets we serve globally. Our strong financial position, unmatched set of capabilities, and unique ability to connect the financial services ecosystem enable us to deliver comprehensive solutions to drive growth and deliver long-term value for our clients and shareholders.”
