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Dec 31, 2024
SEI Q4 2024 Earnings Report
Reported record results driven by consistent execution against growth strategy and increased market engagement.
Key Takeaways
SEI Investments Company reported strong financial results for Q4 2024, with a 15% increase in revenue and a 43% increase in operating income compared to Q4 2023. EPS increased by 31%. The company's net sales events increased 58% from 2023.
Diluted EPS increased by 31% year-over-year, matching Q3's near-record level.
Net sales events for the full year increased by 58% compared to the previous year.
Consolidated revenues and operating income increased by 15% and 43%, respectively, from Q4 2023.
Average assets under administration increased by 3%, and average assets under management increased by 1%, relative to Q3 2024.
SEI
SEI
SEI Revenue by Segment
Revenue by Segment
Investment Managers Revenue
CapyFin.comPrivate Banks Revenue
CapyFin.comInvestment Advisors Revenue
CapyFin.comInstitutional Investors Revenue
CapyFin.comInvestments in New Businesses Revenue
CapyFin.com Forward Guidance
The company is focused on maximizing its return on invested capital across its segments and solutions globally and is excited to continue delivering long-term value for its stakeholders.
Positive Outlook
- Focus on maximizing return on invested capital across segments and solutions globally.
- Ability to deliver long-term value for stakeholders.
- Sales events increased from the previous year.
- Momentum in the business.
- Commitment to clients.
Challenges Ahead
- Incentive compensation accrued in Q4 had a negative impact on EPS.
- Timing of stock-based compensation had a negative impact on EPS.
- Market valuation and net outflows caused a decline in ending assets under management.
- LSV and Institutional Investors saw an unusually large impact of plan terminations.
- Modest Institutional Investors revenue and operating profit growth reflects improvement vs. the first half of 2024, with the business working to offset the negative impact of corporate defined benefit plan terminations.