AGF Management Q1 EPS Undershoots Forecast, Free Cash Flow Up 14%, Dividend Raised 8%
AGF Management reported Q1 EPS of $0.22 and revenue of $69.8M, below analyst expectations of $0.36 and $113.2M. The firm posted adjusted EPS of $0.30, generated free cash flow of $36M (up 14%), hiked its quarterly dividend 8% to $0.14, and grew AUM 12% to $60.5B.
1. Q1 EPS and Revenue Miss
AGF Management reported first-quarter EPS of $0.22 against analyst estimates of $0.36 and revenue of $69.8 million compared with projected $113.2 million, marking significant underperformance in both earnings and sales.
2. Adjusted EPS and Division Performance
The firm recorded an adjusted diluted EPS of $0.30, rising to $0.35 when excluding the AGF Capital Partners division, which itself generated a loss of $0.05 per share due to non-cash valuation adjustments.
3. Cash Flow, Dividend Increase and AUM Growth
AGF generated free cash flow of $36 million, up 14% year-over-year, increased its quarterly dividend by 8% to $0.14 per share, and saw assets under management climb 12% to $60.5 billion, underscoring strong capital return and growth dynamics.