Q1 2025 SEI Investments Co Earnings Call Transcript
Key Points
- SEI Investments Co (SEIC) reported an 18% year-over-year increase in earnings per share, reaching $1.17.
- The company achieved a record-breaking $47 million in net sales events in Q1, with $37 million being recurring revenue.
- All business segments contributed to growth, each posting higher operating profits and expanded margins.
- SEI Investments Co (SEIC) maintained a strong balance sheet with over $700 million in cash and no long-term debt.
- The company announced a $500 million increase in its share repurchase authorization, reflecting confidence in its stock value.
- Earnings per share declined modestly on a sequential basis due to the seasonality of the tax rate.
- The recent wave of market uncertainty and evolving macroeconomic dynamics could influence pipeline activity.
- Investment Advisors and Institutional Investors saw modest revenue declines due to lower asset balances.
- The sale of the Family Office Services business indicates a strategic shift, which may impact future growth in that segment.
- The company anticipates gradual increases in expenses throughout the year due to hiring and new technology investments, which could pressure margins.
Hello and welcome to SEI's first-quarter 2025 conference call.
(Operator Instructions)
I would now like to turn the conference over to Brad Burke. You may begin.
Thank you and welcome, everyone. We appreciate you joining us, today, for our first-quarter 2025 earnings call.
On the call, we have Ryan Hicke, SEI's Chief Executive Officer; Sean Denham, Chief Financial Officer and Chief Operating Officer; and members of our Executive Management Team: Jay Cipriano, Sandy Ewing, Paul Klauder, Michael Lane, Phil McCabe, Mike Peterson, Sneha Shah, and Sanjay Sharma.
Before we begin, I would like to point out that our earnings press release and the presentation that will accompany today's call can be found under the Investor Relations section of our website at seic.com.
This call is being webcast live and a replay will be available on the Events and webcasts page of our website.
We would like to remind you that during today's presentation and in our
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
