Artisan Partners Q1 Net Income $58M; Adjusted EPS $0.87 on $303M Revenue
Artisan Partners reported first-quarter net income of $58 million, or $0.76 per share (adjusted $0.87), on revenue of $303 million, and declared a quarterly dividend. The firm’s shares have fallen 7% year-to-date after closing at $37.83, and management will discuss results on an April 29 conference call.
1. Q1 Financial Results
Artisan Partners reported net income of $58 million for the quarter ended March 31, which translates to $0.76 per share on a GAAP basis and $0.87 when adjusted for non-recurring costs. Total revenue for the period reached $303 million, reflecting performance across its multi-asset investment strategies.
2. Dividend Declaration and Conference Call
The company declared a quarterly dividend following the earnings release and will host a conference call on April 29 at 11:00 a.m. Eastern Time to discuss first-quarter results. CEO Jason Gottlieb and CFO C.J. Daley will lead the call, with supplemental materials available on the company’s website.
3. Share Performance
Artisan Partners shares have declined 7% since the start of the year but remain up nearly 2% over the past 12 months. The stock closed at $37.83 in the last trading session, reflecting recent market volatility around asset management firms.