Thu, May 8, 8:49 PM (15 days ago)
**Affiliated Managers Group, Inc. (AMG, Ticker: AMG) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $496.6 million, down 1% YoY. - **Net Income:** $99.2 million, down 50% YoY. - **Earnings per Share (EPS):** $2.20, down 46% YoY. - **Cash Flow from Operations:** $208.9 million, relatively stable YoY. - **Profit Margins:** Net margin decreased to 20% from 40% YoY. **Key Metrics & Trends:** - **Assets Under Management (AUM):** $712.2 billion, up 2% YoY. - **Aggregate Fees:** $1,270.4 million, down 14% YoY. - **Net Client Cash Flows:** Positive in alternatives and private markets, negative in equities. - **Investment Performance:** Strong in private markets and liquid alternatives, mixed in equities. **Operational Highlights:** - Completed minority investments in NorthBridge Partners and Verition Fund Management. - Agreed to acquire a minority stake in Qualitas Energy and sell Peppertree Capital Management. - Repurchased 1.0 million shares at an average price of $171.00. - Maintained a strong balance sheet with $816.5 million in cash and cash equivalents. **Uncertainties & Future Operations:** - Market volatility and economic conditions may impact AUM and fee revenue. - Strategic investments and acquisitions to drive long-term growth. - Continued focus on share repurchases and capital management. **Notable Changes:** - Significant increase in intangible amortization and impairments. - Decrease in equity method income and performance-based fees. - Increase in interest expense due to new debt issuances. **Conclusion:** AMG faced headwinds in Q1 2025, with notable declines in net income and EPS. However, the company remains focused on strategic investments, shareholder returns, and long-term growth. The outlook is cautiously optimistic, with a strong balance sheet and a commitment to capital discipline.