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Affiliated Managers Group (AMG) Q1 Earnings Top Estimates
ZACKS· 2025-05-08 13:55
Affiliated Managers Group (AMG) came out with quarterly earnings of $5.20 per share, beating the Zacks Consensus Estimate of $5.10 per share. This compares to earnings of $5.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.96%. A quarter ago, it was expected that this asset manager would post earnings of $6.02 per share when it actually produced earnings of $6.53, delivering a surprise of 8.47%.Over the last four quarters, ...
Affiliated Managers (AMG) - 2025 Q1 - Earnings Call Presentation
2025-05-08 11:45
Company Overview - AMG partners with leading independent investment firms, leveraging over 30 years of experience [2] - The company has over 35 independent Affiliates [2] - AMG's Assets Under Management (AUM) are approximately $712 billion [2] Asset Allocation and Growth Strategy - AMG is strategically expanding its exposure to alternative asset classes [5] - The AUM is divided into Liquid Alternatives (~$155B), Differentiated Long-Only (~$417B), and Private Markets (~$140B) [6] - Over 50% of EBITDA comes from high-growth areas [8] Financial Performance and Capital Allocation - The company targets mid-teens annualized long-term earnings growth [11] - Approximately $2 billion in 2024 Annual Economic Net Income [49] - Since Q1 2020, share repurchases have reduced the adjusted diluted share count by 36%, representing ~17 million shares [55] - Approximately $2.8 billion in excess capital was returned over the last 5 years [56]
Affiliated Managers (AMG) - 2025 Q1 - Quarterly Results
2025-05-08 11:02
Investor and Media Relations: Patricia Figueroa Exhibit 99.1 +1 (617) 747-3300 ir@amg.com pr@amg.com AMG Reports Financial and Operating Results for the First Quarter of 2025 Company reports EPS of $2.20, Economic EPS of $5.20 in the first quarter WEST PALM BEACH, FL, May 8, 2025 — AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the first quarter of 2025. Jay C. Horgen, President and Chief Executive Officer of AMG, ...
AMG Reports Financial and Operating Results for the First Quarter of 2025
GlobeNewswire News Room· 2025-05-08 10:50
New partnerships with Verition Fund Management and Qualitas Energy, together with Q1 investment in NorthBridge Partners, further diversify AMG’s business and broaden its participation in alternatives, in line with its growth strategyAffiliate Peppertree Capital Management to be acquired, marking culmination of AMG investment and a successful outcome for all stakeholdersStrong net client cash inflows in alternatives of approximately $14 billion, driven by both liquid alternatives and private marketsRepurchas ...
AMG and Qualitas Energy Announce Partnership
Globenewswire· 2025-05-08 10:45
Core Viewpoint - AMG has entered into a definitive agreement to acquire a minority equity interest in Qualitas Energy, a global investment and management platform focused on renewable energy and sustainable infrastructure [1][7]. Group 1: Transaction Details - Qualitas Energy's management will retain majority ownership and continue leading day-to-day operations, ensuring operational independence [2]. - The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions [4]. Group 2: Qualitas Energy Overview - Founded in 2006, Qualitas Energy has raised approximately €5 billion across six funds, focusing on investments in solar, wind, batteries, hydroelectric power, and renewable natural gas [3][8]. - The firm has dedicated over €14 billion to the energy transition globally, with a portfolio comprising over 11 GW of operational and development-stage renewable energy assets [8]. Group 3: Strategic Importance - The partnership with AMG is expected to enhance Qualitas Energy's investment capacity and align with its long-term objectives in energy transition investing [4][8]. - Qualitas Energy's existing portfolio has generated enough energy to supply 1.2 million homes and has avoided the emission of 1 million metric tons of CO2 equivalent over the past five years [8]. Group 4: AMG Overview - AMG manages approximately $712 billion in assets across various investment strategies as of March 31, 2025, focusing on high-quality independent partner-owned firms [5]. - The partnership with Qualitas Energy will expand AMG's participation in private markets and alternatives [7].
AMG’s Portfolio Delivers Strong First Quarter 2025 Results
Globenewswire· 2025-05-07 16:10
Core Insights - AMG Critical Materials N.V. reported a strong first quarter in 2025, with revenue of $388 million, an 8% increase from $358 million in Q1 2024, and an adjusted EBITDA of $58 million, an 88% increase from $31 million in Q1 2024 [1][2][11]. Financial Performance - Revenue for Q1 2025 was $388 million, up 8% from Q1 2024's $358 million [11]. - Adjusted gross profit increased by 56% to $82.6 million from $53.0 million in Q1 2024 [11][14]. - Operating profit surged to $18.7 million, a 597% increase from $2.7 million in Q1 2024 [11]. - Net income attributable to shareholders was $5.0 million, compared to a loss of $16.3 million in Q1 2024 [11]. - Cash from operating activities was $9 million, a significant improvement from the $15 million used in Q1 2024 [1][14]. Segment Performance - AMG Technologies segment achieved a revenue increase of 34% to $202.3 million, driven by strong orders for turbine blade coating furnaces [20][23]. - AMG Lithium segment saw a revenue decline of 23% to $32.0 million, primarily due to a 27% drop in lithium market prices and a 22% decrease in sales volumes [13][15]. - AMG Vanadium's revenue decreased by 7% to $153.8 million, attributed to lower volumes of ferrovanadium and titanium alloys, although partially offset by increased sales prices [18][19]. Operational Highlights - AMG Technologies achieved its highest order backlog in history at $416 million as of March 31, 2025 [7][23]. - The company is transitioning from a heavy capital expansion phase, with successful production of battery-grade lithium hydroxide at its Bitterfeld facility [4][8]. - AMG Lithium signed an exclusive agreement to become the first producer of lithium concentrate in Portugal, with an initial capacity of 8,000–9,000 tons per annum by 2027 [8]. Strategic Outlook - The company plans to focus on small, highly accretive investments to preserve growth options while maintaining a strong balance sheet [5]. - AMG increased its adjusted EBITDA outlook for 2025 from $150 million to $170 million, despite low lithium and vanadium prices [33]. - The company aims for long-term guidance of an EBITDA of $500 million or more within five years at normalized market prices [34].
AMG to Announce First Quarter Results on May 8, 2025
Globenewswire· 2025-05-01 21:30
Core Points - AMG (NYSE: AMG) will report its financial and operating results for Q1 2025 on May 8, 2025, before market opens [2] - A conference call will be held at 12:00 p.m. Eastern Time on the same day to discuss the results and management's future expectations [3] - Key executives, including Jay C. Horgen (CEO), Thomas M. Wojcik (COO), and Dava E. Ritchea (CFO), will host the conference call [3] - The conference call will be available for replay approximately one hour after its conclusion, with specific dial-in numbers provided [4] - The live call and replay, along with a performance presentation, can be accessed via AMG's website [4]
AMG Schedule for First Quarter 2025 Earnings Release
Globenewswire· 2025-04-30 17:00
Group 1 - AMG Critical Materials N.V. will release its first quarter 2025 financial results on May 7, 2025, at approximately 18:00 CEST [1] - A conference call to discuss the financial results will be held on May 8, 2025, at 09:00 CEST [1] - Participants are advised to connect approximately 10 minutes prior to the call, with specific call-in information provided [1] Group 2 - AMG's mission focuses on providing critical materials and related process technologies to promote a less carbon-intensive world [2] - The company is engaged in the production and development of energy storage materials, including lithium, vanadium, and tantalum [2] - AMG also produces systems aimed at reducing CO2 emissions in aerospace engines and other markets [2] Group 3 - AMG's Lithium segment aims to reduce the CO2 footprint across the lithium value chain [3] - The Vanadium segment is a market leader in recycling vanadium from oil refining residues [3] - The Technologies segment leads in advanced metallurgy and provides engineering for the aerospace engine sector [3] Group 4 - AMG operates globally with approximately 3,600 employees and production facilities in multiple countries, including Germany, the UK, and the US [4] - The company has sales and customer service offices in Japan [4]
AMG Announces Investment in Verition Fund Management
Newsfilter· 2025-04-21 10:59
WEST PALM BEACH, Fla., April 21, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today announced that it has entered into a definitive agreement to acquire a minority equity interest in Verition Fund Management LLC ("Verition"), a global multi- strategy investment firm. Under the terms of the transaction, Verition's management will retain a substantial majority of the firm's equity, continue to lead the organization, and maintain full control of ...
AMG Signs Exclusive Agreement with Grupo Lagoa
Globenewswire· 2025-04-18 16:00
Amsterdam, 18 April 2025 --- AMG Critical Materials N.V. ("AMG", EURONEXT AMSTERDAM: "AMG") announces that AMG Lithium BV has signed an exclusive agreement with Grupo Lagoa to become the first producer of spodumene concentrate in Portugal with an initial capacity of 8,000–9,000 tons per annum by the first half of 2027, pending government approvals. This exclusive agreement builds upon the positive results from our joint pre-engineering efforts since the first announcement of our partnership on August 17, 20 ...