Affiliated Managers Group Q2 adjusted EBITDA beats
AMG•Outlook
- Company expects increasing opportunities to invest in growth through new and existing Affiliates
- AMG says it is positioned to capitalize on growth opportunities and drive durable earnings growth
Overview
- US asset manager's Q2 adjusted EBITDA beat analyst expectations
- Q2 economic EPS rose 54% yr/yr, reflecting growth in alternative strategies
- Company reported record AUM of $942 bln and repurchased $189 mln in common stock
Result drivers
- Alternative strategies - Co said 54% yr/yr rise in Economic EPS was driven by greater participation in alternative strategies
- Record net inflows - Co reported $13 bln in net client cash flows, including record $29 bln in alternative net inflows
- Growth investments - AUM growth attributed to $69 bln from investments in new Affiliates and $56 bln in net client cash flows over 12 months
Key details and analyst coverage
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
