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Sep 30, 2023
Virtus Q3 2023 Earnings Report
Virtus reported an increase in operating income and adjusted EPS, but experienced net outflows.
Key Takeaways
Virtus Investment Partners reported GAAP EPS of $4.19 and adjusted EPS of $6.21. The company saw an increase in operating income driven by higher average assets under management, but experienced net outflows of $1.5 billion.
Earnings Per Share - Diluted of $4.19; Earnings Per Share - Diluted, as Adjusted, of $6.21
Total Sales of $5.8B; Net Flows of ($1.5B); Assets Under Management of $162.5B
Operating income increased 15% from the prior quarter due to an increase in revenues reflecting higher average assets under management.
The company increased its quarterly dividend by 15% to $1.90 per share and repurchased 74,015 shares of common stock for $15.0 million.
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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