SEI(US:SEIC)2025-04-23 20:06Financial Performance - SEI reported Q1 2025 revenues of $551.3 million, an 8% increase from Q1 2024's $511.6 million[3] - Operating income for Q1 2025 was $157.1 million, reflecting a 25% growth compared to $125.9 million in Q1 2024[3] - Diluted earnings per share (EPS) rose to $1.17, an 18% increase from $0.99 in the same quarter last year[3] - The operating margin improved to 28% in Q1 2025, up from 25% in Q1 2024, marking the highest level in three years[6] Segment Performance - Investment Managers segment revenues increased by 11% to $192.0 million, with operating profit growth of 19%[5] - Private Banks segment saw a 6% revenue increase to $137.7 million, with operating profit growth of 34%[5] Asset Management - Total assets as of March 31, 2025, were $2.57 billion, down from $2.68 billion at the end of 2024[14] - Total assets under management increased to $485.976 billion by March 31, 2025, up from $476.713 billion in December 2024, representing a growth of approximately 1.8%[18] - Client assets under administration reached $1.084278 trillion as of March 31, 2025, compared to $1.055943 trillion in December 2024, indicating an increase of about 2.7%[18] - The average total assets under management for the first quarter of 2025 were $487.254 billion, reflecting a slight increase from $486.481 billion in the fourth quarter of 2024[22] Sales Events - Net sales events reached $46.6 million in Q1 2025, contributing to a record total of $153.2 million over the trailing 12 months[6] - Net recurring sales events for the first quarter of 2025 totaled $36.840 million, a significant increase from $28.211 million in the fourth quarter of 2024[26] - Total Sales Events for Q1 2024 were $21,285 million, compared to $21,966 million in Q1 2023, indicating a slight decrease of about 3.1%[30] Share Repurchase and Divestment - SEI repurchased 2.5 million shares for $192.8 million at an average price of $77.10 per share during Q1 2025[6] - The company plans to divest $14.6 billion in assets related to the Family Office Services business during the second quarter of 2025[24] Investment Processing - Total revenue from Investment Processing-related Businesses for Q1 2024 was $24,480 million, showing a significant increase from $21,285 million in Q1 2023, representing a growth of approximately 10.6%[30] - Total Investment Processing-related Businesses revenue for Q1 2025 is projected to be $40,250 million, showing an expected increase from Q1 2024[30]