Mon, Apr 28, 5:58 PM (24 days ago)
**SEI Investments Company (SEIC, Ticker: SEIC) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $551.3M (up 8% YoY) - **Net Income:** $151.5M (up 15% YoY) - **Earnings per Share (EPS):** $1.17 (up 18% YoY) - **Operating Income:** $157.1M (up 25% YoY) - **Profit Margins:** Operating margin at 28.5%, Net margin at 27.5% **Cash Flow:** - **Operating Cash Flow:** $146.5M (up 30% YoY) - **Investing Cash Flow:** -$38.4M (up 2% YoY in outflows) - **Financing Cash Flow:** -$241.5M (up 289% YoY in outflows, due to stock repurchases) **Key Metrics & Trends:** - **Assets Under Management (AUM):** $1.6T (up 10% YoY) - **Assets Under Administration (AUA):** $1.1T (up 10% YoY) - **Stock Repurchases:** $192.8M (2.5M shares) - **Dividends Paid:** $62.3M - **Effective Tax Rate:** 22.8% **Segment Performance:** - **Investment Managers:** Revenues up 11%, Operating Income up 19% - **Private Banks:** Revenues up 6%, Operating Income up 34% - **Investment Advisors:** Revenues up 11%, Operating Income up 15% - **Institutional Investors:** Revenues down 5%, Operating Income up 3% - **Investments in New Businesses:** Revenues up 15%, Operating Loss narrowed by 51% **Uncertainties & Future Operations:** - **Regulatory Environment:** Complex and changing, with increased scrutiny and potential impacts on operations and financials. - **Economic Factors:** Sensitivity to capital market fluctuations and interest rate changes. - **Strategic Moves:** Sale of Family Office Services business for $120M, expected to close in Q2 2025. - **Liquidity & Capital:** Strong liquidity position with $295.8M in free and immediately accessible cash, and $320.1M available under the credit facility. **Risks & Forward-Looking Information:** - **Market Risks:** Changes in capital markets, product development risks, and competition. - **Operational Risks:** Data security, cyber risks, and third-party service provider dependencies. - **Regulatory Risks:** Compliance with evolving regulations, potential enforcement actions, and increased costs. - **Strategic Risks:** Success of acquisitions, divestitures, and strategic alliances.