SEI Reports Fourth-Quarter 2022 Financial Results
Press release
SEI Reports Fourth-Quarter 2022 Financial Results
OAKS, Pa., Jan. 25, 2023 – SEI Investments Company (NASDAQ:SEIC) today announced financial results for the fourth-quarter 2022. Diluted earnings per share were $0.83 in fourth-quarter 2022 compared to $1.03 in fourth-quarter 2021.
Consolidated Overview
(In thousands, except earnings per share)
| For the Three Months Ended December 31, |
For the Twelve Months Ended December 31, |
|||||
| 2022 | 2021 | % | 2022 | 2021 | % | |
| Revenues | $456,590 | $501,650 | (9%) | $1,991,037 | $1,918,309 | 4% |
| Net income | 112,224 | 145,300 | (23%) | 475,467 | 546,593 | (13%) |
| Diluted earnings per share | $0.83 | $1.03 | (19)% | $3.46 | $3.81 | (9)% |
“2022 was a year of evolution for SEI. As we reposition our company's future, we've made—and continue to make—the changes we believe are necessary to execute against our strategy to drive growth. As we look at the year ahead, we will work to grow our revenue, improve the overall efficiency and scale of our business, and invest wisely in our future. I’m excited for what lies ahead as we deliver increased value for our employees, clients, and shareholders,” said CEO Ryan Hicke.
“Our financial results for 2022 reflect our focus on growth through new client signings, important recontracts, and successful delivery of our solutions to our markets. Numerous economic factors continue to create change in our industry and challenges for our markets. We believe this environment presents growth opportunities, and we remain committed to our vision for SEI’s future.”
