SEI's Turnkey Operational Platform and Comprehensive Suite of Services Provide Scale and StabilityOAKS, Pa., Nov. 18, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that Brown Advisory selected the Advisors' Inner Circle Fund® (AIC) series trust as its operational platform to launch the Brown Advisory Flexible Equity ETF (NASDAQ:BAFE), the firm's first ETF. A fundamental active strategy focused on U.S. companies, Brown Advisory's Flexible Equity ETF is managed by a tenured team with an existing foo ...

Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Class A Common Stock, $0.01 par value "SEI" New York Stock Exchange (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 Number: 001-38090 SOLARIS ENERGY INFRASTRUCTURE, IN ...

SEI Investments Co. (SEIC) has entered into a strategic partnership with Close Brothers Asset Management (“CBAM”) to power the latter’s operational growth and transformation.Details of SEIC’s CollaborationSEI Investments was chosen after an extensive, multi-stage evaluation process that included numerous providers. This strategic collaboration between SEI Investments Europe Ltd., SEIC’s wholly-owned UK subsidiary, and CBAM will provide the latter with advanced, integrated technology and services, such as da ...

Technology and Operational Outsourcing Drives Scale and GrowthLONDON, Nov. 6, 2024 /PRNewswire/ -- Close Brothers Asset Management (CBAM) and SEI® (NASDAQ:SEIC) today announced a strategic partnership to power CBAM's operational transformation and growth. CBAM will adopt the SEI Wealth PlatformSM (SWP) and SEI Data Cloud, which provides access to real-time data and analytics to leverage a fully integrated technology and operational outsourcing solution.CBAM, which manages approximately £20 billion in assets ...

Financial Data and Key Metrics Changes - The company reported third quarter 2024 revenue of $75 million and adjusted EBITDA of $22 million, which includes only a 20-day contribution from the newly acquired Power Solutions business [11][30] - Adjusted pro forma net income was $4 million, with adjusted pro forma earnings per share at $0.08 [30] - The Logistics Solutions segment generated revenue of $70 million and adjusted EBITDA of $24 million, reflecting a 5% sequential decline in revenue [32] Business Line Data and Key Metrics Changes - The Solaris Logistics segment maintained an average of 91 fully utilized systems, flat compared to the second quarter [23] - The newly established Solaris Power Solutions segment generated approximately $5 million in revenue and $3 million in adjusted EBITDA during its 20-day contribution [34] - The company expects to deploy an average of at least 240 megawatts on contracted revenue during the fourth quarter, up from approximately 156 megawatts in the third quarter [37] Market Data and Key Metrics Changes - The demand for power solutions is driven by the rapid growth of artificial intelligence computing applications, particularly in data centers [16] - The company has signed new customer contracts for more than 80% of its pro forma capacity under agreements for two to four years [10] - The U.S. drilling and completion levels remained choppy, with activity in the Logistics Solutions segment expected to decline by roughly 10% in the fourth quarter due to seasonal impacts [25] Company Strategy and Development Direction - The company has rebranded to Solaris Energy Infrastructure to reflect its broader service offerings, including Power-as-a-Service [8] - The focus is on expanding the power solutions business organically and through acquisitions, with plans to grow the power generation fleet from approximately 150 megawatts to an expected 535 megawatts by the end of the third quarter of 2025 [20][21] - The company aims to enhance shareholder returns while investing in growth, with a commitment to returning approximately $190 million to shareholders since 2018 [11][28] Management's Comments on Operating Environment and Future Outlook - Management noted that delays for grid connectivity are extending, impacting customer needs for reliable power solutions [18][63] - The company anticipates a significant inflection in free cash flow during the second half of 2025 following the completion of current growth capital plans [27][46] - Management expressed confidence in the growth potential of the power solutions segment, driven by strong demand and long-term contracts [20][72] Other Important Information - The company closed on a $325 million senior secured term loan and finalized a new credit facility providing additional liquidity of up to $75 million [42] - The company generated operating cash flow of approximately $11 million and deployed $58 million for capital expenditures during the quarter [44] - The board approved a fourth quarter dividend of $0.12 per share, marking the 25th consecutive dividend payment [47] Q&A Session Summary Question: Availability of equipment and profitability per megawatt deployed - Availability of equipment remains tight, but the company has managed to secure some additional resources [50] - Profitability per megawatt is expected to remain flat to up over the next several years due to strong demand [52] Question: End market and customer distribution - Currently, 75% of power is directed towards data center customers, with significant demand from hyperscale facilities [54] Question: Options for solar turbine capacity beyond Q3 - The company is in active discussions regarding future commitments and contractual arrangements for additional capacity [58] Question: Capacity growth and market opportunities - The company has contracted approximately 450 megawatts, with visibility into additional growth opportunities for 2025 [72] Question: Natural gas requirements for profitability - Customers are responsible for purchasing gas, and the company's solutions are competitive with alternative baseload power [75]

Solaris Energy Infrastructure, Inc. (SEI) came out with quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -42.86%. A quarter ago, it was expected that this company would post earnings of $0.11 per share when it actually produced earnings of $0.13, delivering a surprise of 18.18%.Over the last four qu ...

Exhibit 99.1 Solaris Energy Infrastructure Announces Third Quarter 2024 Results, New Power Solutions Contracts, and Continued Shareholder Returns for Fourth Quarter 2024 HOUSTON, Texas, November 4, 2024 — (BUSINESS WIRE) — Solaris Energy Infrastructure, Inc. (NYSE:SEI) ("Solaris" or the "Company"), today announced third quarter 2024 financial and operational results. Third Quarter 2024 Summary Results and Recent Highlights ● Revenue of $75 million ● Net loss of $2 million and ($0.04) per diluted Class A sha ...