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Sep 30, 2024
Victory Capital Q3 2024 Earnings Report
Reported strong third quarter results and record earnings per share.
Key Takeaways
Victory Capital reported strong third quarter results, achieving the highest quarterly adjusted earnings per diluted share with tax benefit, adjusted EBITDA, and adjusted EBITDA margin in the firm's history. Total client assets reached $181.1 billion.
Total Client Assets of $181.1 billion
Long-term gross flows of $5.9 billion
GAAP operating margin of 53.3%
Adjusted net income with tax benefit per diluted share of $1.35
Forward Guidance
Maintaining guidance of $100 million in annualized expense synergies from the Amundi transaction, expected to be fully realized within two years of closing, with the majority achieved within the first year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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