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Dec 31, 2022
Virtus Q4 2022 Earnings Report
Virtus reported a decrease in revenues and operating income compared to the previous year, but assets under management increased slightly from the prior quarter.
Key Takeaways
Virtus Investment Partners reported a decrease in both GAAP and adjusted revenues and operating income compared to the same quarter last year. However, total assets under management increased from the previous quarter, driven by market performance and institutional net inflows.
Earnings per share (diluted) was $4.77, while adjusted earnings per share (diluted) was $5.17.
Total sales amounted to $7.3 billion, but net flows were negative at ($3.4 billion).
Assets under management (AUM) reached $149.4 billion.
Institutional net flows were positive, while open-end fund and retail separate account net flows were negative.
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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