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Jun 30, 2023
Virtus Q2 2023 Earnings Report
Virtus reported financial results for Q2 2023, with earnings per share of $4.10 and adjusted earnings per share of $5.43.
Key Takeaways
Virtus Investment Partners reported mixed results for the second quarter of 2023. While total sales increased and net flows were breakeven, operating income and adjusted operating income decreased compared to the previous year. Assets under management increased due to the acquisition of AlphaSimplex and market performance.
Earnings per share (diluted) was $4.10; adjusted earnings per share (diluted) was $5.43.
Total sales reached $7.6 billion, with net flows breakeven.
Assets under management totaled $168.3 billion.
The company completed the acquisition of AlphaSimplex.
Forward Guidance
This press release contains statements that are, or may be considered to be, forward-looking statements. All statements that are not historical facts, including statements about our beliefs or expectations, are “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995, as amended.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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