SEI Investments Company Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 31, 2024 at 04:06 pm EST
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SEI Investments Company reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 484.86 million compared to USD 456.59 million a year ago. Net income was USD 120.73 million compared to USD 112.22 million a year ago. Basic earnings per share from continuing operations was USD 0.92 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 0.83 a year ago.
For the full year, revenue was USD 1,919.79 million compared to USD 1,991.04 million a year ago. Net income was USD 462.26 million compared to USD 475.47 million a year ago. Basic earnings per share from continuing operations was USD 3.49 compared to USD 3.49 a year ago. Diluted earnings per share from continuing operations was USD 3.46 compared to USD 3.46 a year ago.
SEI Investments Company provides technology and investment solutions that connect the financial services industry. Its segments include Private Banks, Investment Advisors, Institutional Investors, Investment Managers, and Investments in New Businesses. Its Private Banks segment provides outsourced investment processing and investment management platforms to banks and trust institutions, independent wealth advisers, and financial advisers worldwide. Its Investment Advisors segment provides investment management and investment processing platforms to affluent investors through a network of independent registered investment advisors, financial planners, and other investment professionals in the United States. The Institutional Investors segment provides outsourced chief investment officer solutions, including investment management and administrative outsourcing platforms to retirement plan sponsors, healthcare systems, higher education and other not-for-profit organizations worldwide.