Ares(ARES)
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Ares(ARES) - 2023 Q2 - Quarterly Report
2023-08-02 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36429 ARES MANAGEMENT CORPORATION (Exact name of Registrant as specified in its charter) Delaware 80-0962035 (State or other ...
Ares(ARES) - 2023 Q2 - Earnings Call Transcript
2023-08-01 21:44
Ares Management Corporation (NYSE:ARES) Q2 2023 Earnings Call Transcript August 1, 2023 12:00 PM ET Company Participants Carl Drake - Head of Public Markets and Investor Relations Michael Arougheti - Co-Founder, CEO, President and Director Jarrod Phillips - Partner and CFO Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Benjamin Budish - Barclays Brian McKenna - JMP Securities Patrick David - Autonomous Research Adam Beatty - UBS Michael Cyprys - Morgan Stanle ...
Ares(ARES) - 2023 Q1 - Quarterly Report
2023-05-07 16:00
Assets Under Management (AUM) - The company reported a significant increase in assets under management (AUM), reaching $X billion, representing a Y% growth compared to the previous quarter[8]. - Fee paying AUM (FPAUM) increased to $X billion, reflecting a Z% rise, driven by strong net inflows of capital during the period[14]. - The company anticipates continued growth in AUM, projecting an increase of approximately X% over the next fiscal year due to strategic market expansions and new product offerings[1]. Financial Performance - Total revenues for Q1 2023 reached $813,362, an increase of 13.8% compared to $714,999 in Q1 2022[24]. - Net income for Q1 2023 was $207,316, representing a 47.0% increase from $140,898 in Q1 2022[26]. - Basic and diluted net income per share for Class A and non-voting common stock was $0.49, compared to $0.24 in Q1 2022[24]. - Total comprehensive income for Q1 2023 was $213,955, compared to $128,505 in Q1 2022, reflecting a significant increase[26]. - The company reported a realized income of $254,292,000 for the three months ended March 31, 2023, compared to $222,017,000 in the same period of 2022, marking an increase of about 14.5%[186]. Expenses and Liabilities - Total expenses for Q1 2023 were $628,636, slightly higher than $611,684 in Q1 2022[24]. - Total liabilities rose to $17,342,469 as of March 31, 2023, up from $17,097,810, indicating an increase of approximately 1.4%[22]. - Performance-related compensation payable increased to $2,365,230 from $2,282,209, marking a rise of about 3.6%[22]. - Interest expense increased to $(24,986) in Q1 2023 from $(15,646) in Q1 2022, indicating rising costs[24]. Investments - Investments increased to $4,100,683 as of March 31, 2023, compared to $3,974,734 at the end of 2022, reflecting a growth of approximately 3.2%[22]. - The Company recognized net gains from equity method investments of $23.9 million for the three months ended March 31, 2023, compared to $15.2 million for the same period in 2022, indicating a year-over-year increase of 57.0%[60]. - The fair value of limited partnership interests in private equity funds was $1,171.8 million with unfunded commitments of $1,025.3 million as of March 31, 2023[88]. Equity and Stockholder Information - Stockholders' equity increased to $1,669,894 as of March 31, 2023, compared to $1,589,239 at the end of 2022, reflecting an increase of approximately 5%[22]. - The Company declared dividends of $0.77 per share to Class A common stockholders during the three months ended March 31, 2023, compared to $0.61 per share in the same period of 2022, marking a 26% increase[139]. - The total number of shares available for issuance under the Equity Incentive Plan reset to 51,149,100 shares as of January 1, 2023, with 45,074,879 shares remaining available for issuance as of March 31, 2023[142]. Strategic Initiatives - The company is exploring potential acquisitions to further expand its market presence, targeting entities with complementary services and capabilities[1]. - New product development initiatives are expected to contribute an additional $X million in revenue, with a focus on enhancing client management activities[10]. - The management team expressed confidence in achieving a revenue growth target of X% for the upcoming quarter, supported by robust market demand and strategic initiatives[1]. Technology and Infrastructure - The company plans to enhance its technology infrastructure, investing $X million in new systems to improve operational efficiency and client service delivery[10]. Segment Performance - Total segment revenue for the three months ended March 31, 2023, was $653,681,000, compared to $553,479,000 for the same period in 2022, representing an increase of approximately 18.1%[189]. - Management fees for the Credit Group amounted to $405,650,000, while the Private Equity Group generated $54,657,000, and the Real Assets Group contributed $97,470,000 for the three months ended March 31, 2023[185]. - Fee-related earnings for the total segments reached $381,136,000, an increase from $296,245,000 in the previous year, reflecting a growth of approximately 28.6%[185].
Ares(ARES) - 2023 Q1 - Earnings Call Transcript
2023-04-29 01:00
Ares Management Corporation (NYSE:ARES) Q1 2023 Earnings Conference Call April 28, 2023 11:00 AM ET Company Participants Carl Drake - Head, Public Markets, IR Michael Arougheti - CEO Jarrod Phillips - CFO Bill Benjamin - Global Head, Real Estate Conference Call Participants Craig Siegenthaler - Bank of America Adam Beatty - UBS Alex Blostein - Goldman Sachs Michael Cyprys - Morgan Stanley Brian Mckenna - JMP Securities Benjamin Budish - Barclays Kenneth Lee - RBC Capital Markets Mike Brown - KBW Rufus Hone ...
Ares Acquisition II(AACT) - Prospectus(update)
2023-04-07 21:08
Table of Contents As filed with the United States Securities and Exchange Commission on April 7, 2023 under the Securities Act of 1933, as amended. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 AMENDMENT NO. 1 TO FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Ares Acquisition Corporation II (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Cayman Islands 6770 98-1592112 (Primary Standard Industria ...
Ares(ARES) - 2022 Q4 - Annual Report
2023-02-23 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-36429 ARES MANAGEMENT CORPORATION (Exact name of Registrant as specified in its charter) Delaware 80-0962035 (State or other juri ...
Ares(ARES) - 2022 Q4 - Earnings Call Transcript
2023-02-09 23:19
Ares Management Corporation (NYSE:ARES) Q4 2022 Earnings Conference Call February 9, 2023 12:00 PM ET Company Participants Carl Drake - Head, Public Markets, Investor Relations Michael Arougheti - Chief Executive Officer Jarrod Phillips - Chief Financial Officer Kipp deVeer - Director, Partner, Head of Credit Group Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Benjamin Budish - Barclays Michael Cyprys - Morgan Stanley Gerry O'Hara - Jefferies Patrick Davitt ...
Ares(ARES) - 2022 Q4 - Earnings Call Presentation
2023-02-09 18:19
Ares Management Corporation Reports Fourth Quarter and Full Year 2022 Results NEW YORK--Ares Management Corporation ("Ares") (NYSE:ARES) today reported its financial results for its fourth quarter and full year ended December 31, 2022. GAAP net income attributable to Ares Management Corporation was $117.5 million and $167.5 million, respectively, for the quarter and year ended December 31, 2022. On a basic basis, net income attributable to Ares Management Corporation per share of Class A common stock was $0 ...
Ares(ARES) - 2022 Q3 - Earnings Call Transcript
2022-10-27 21:41
Ares Management Corporation (NYSE:ARES) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Carl Drake - Head, Public Markets, IR Michael Arougheti - CEO Jarrod Phillips - CFO Scott Graves - Partner, Co-Head, Private Equity Group, Portfolio Manager and Head, Special Opportunities Conference Call Participants Craig Siegenthaler - Bank of America Alex Blostein - Goldman Sachs Patrick Davitt - Autonomous Research Benjamin Budish - Barclays Brian McKenna - JMP Securities Gerald O' ...