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Sep 30, 2020
AMG Q3 2020 Earnings Report
AMG reported financial and operating results for the third quarter ended September 30, 2020.
Key Takeaways
AMG reported third quarter Adjusted EBITDA of $181 million, representing 12% quarter-over-quarter growth. The company repurchased approximately $85 million in common stock and issued $275 million 40-year hybrid bond.
Reported EPS of $1.53, Economic EPS of $3.27 in third quarter of 2020
Net Income (controlling interest) of $71 million, Economic Net Income of $152 million
Adjusted EBITDA of $181 million, representing 12% growth versus prior quarter
Repurchased approximately $85 million in common stock
AMG
AMG
Forward Guidance
Not applicable, no forward guidance provided.