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Jun 30, 2023
Silvercrest Q2 2023 Earnings Report
Silvercrest's results for Q2 2023 were reported, showing growth in AUM and discretionary AUM, but a decrease in revenue compared to the same period last year.
Key Takeaways
Silvercrest Asset Management Group reported Q2 2023 results with Total AUM at $31.9 billion and Discretionary AUM at $21.5 billion. Revenue was $29.7 million, and net income attributable to Silvercrest was $3.1 million, or $0.33 per basic and diluted share. Adjusted EBITDA was $8.1 million, or 27.3% of revenue, and adjusted diluted earnings per share were $0.34.
Total Assets Under Management (AUM) reached $31.9 billion, including $21.5 billion in discretionary AUM and $10.4 billion in non-discretionary AUM.
Revenue for the quarter was $29.7 million.
GAAP consolidated net income was $5.1 million, with net income attributable to Silvercrest at $3.1 million.
Adjusted EBITDA was $8.1 million, and adjusted diluted earnings per share were $0.34.
Forward Guidance
The company's pipeline of new business opportunities remains robust, and they are focused on these opportunities and investments to drive future growth.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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