Q1 2021 SEI Investments Co Earnings Call Transcript

Apr 21, 2021 / 08:30PM GMT
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the SEI First Quarter 2021 Earnings Call. (Operator Instructions) As a reminder, today's call is being recorded. And I turn the conference to our host, Chairman and CEO, Al West. Please go ahead.

Alfred P. West - SEI Investments Company - Chairman & CEO

Thank you, and welcome, everyone. All of our segment leaders are on the call as well as Dennis McGonigle, SEI's CFO; and Kathy Heilig, SEI's Controller. I'll start by recapping first quarter 2021. I'll then turn it over to Dennis to cover LSV and the investment in new business segment. After that, each business segment leader will comment on the results of their segments. Now as usual, we will field questions at the end of each report. So let's turn our attention to the financial results of the first quarter 2021.

First quarter revenue grew 10% from a year ago, and first quarter earnings increased by 19% from a year ago. In addition, first quarter EPS of $0.89 grew 24% from the $0.72 reported in first quarter of 2020. Finally, first

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