Affiliated Managers Group, Inc. (AMG) Q3 2024 Earnings Call Transcript Summary
Affiliated Managers Group, Inc. (AMG) Q3 2024 Earnings Call Transcript Summary
Economic earnings per share was $4.82, benefitting from share repurchases, marking a year-over-year growth of 18%.The following is a summary of the Affiliated Managers Group, Inc. (AMG) Q3 2024 Earnings Call Transcript:
以下是Affiliated Managers Group, Inc.（AMG）2024財年Q3業績會議交流摘要：
Financial Performance:
金融業績：
AMG reported an 18% growth in economic earnings per share for Q3 2024.
Adjusted EBITDA for Q3 was $214 million, up 3% year-over-year.
Economic earnings per share was $4.82, benefitting from share repurchases, marking a year-over-year growth of 18%.
Q3 saw net client cash outflows improve significantly.
The company forecasts Q4 adjusted EBITDA to be between $260 million to $270 million, and economic earnings per share between $5.94 to $6.17.
AMG報告2024財年Q3經濟每股收益增長18%。
Q3調整後的EBITDA爲21400萬美元，同比增長3%。
經濟每股收益爲4.82美元，受股票回購影響，同比增長18%。
Q3客戶淨現金流出情況顯著改善。
公司預計Q4調整後的EBITDA在26000萬美元至27000萬美元之間，經濟每股收益在5.94至6.17美元之間。
Business Progress:
業務進展：
AMG raised $7 billion in new capital from strategies including private markets and liquid alternatives.
Private markets affiliates generated $7 billion net inflows, contributing to a year-to-date fundraising of $18 billion.
The ongoing strategic efforts have enhanced AMG's capabilities notably in areas of product development and capital formation, with initiatives like the filing for AMG Comvest Senior Lending Fund and ongoing alternative product development on US wealth platform.
In an ongoing effort to evolve business profile towards alternatives, enhancing long-term organic growth.
AMG從私人市場和流動性替代等策略中籌集了70億美元的新資本。
私人市場附屬公司實現了70億美元的淨流入，爲截至目前爲止的籌款總額180億美元做出了貢獻。
持續的戰略努力顯著增強了AMG在產品開發和資本形成領域的能力，例如提交AMG Comvest Senior Lending Fund的申請以及在美國財富平台上不斷進行的另類產品開發。
爲了將業務重心轉向另類投資，加強長期有機增長，公司正在進行持續努力。
Opportunities:
機會：
The company expects to continue scaling alternative strategies products and introducing new innovative solutions, building on more than $5 billion in assets on AMG's US wealth platform.
公司預計將繼續擴大另類策略產品的規模，推出新的創新解決方案，在AMG的美國財富平台上的資產超過50億美元的基礎上發展。
Risks:
風險：
Despite improvements, the firm experienced $3 billion net client cash outflows and faces headwinds in active equities, requiring focus on diversifying and enhancing offerings to mitigate industry specific risks.
儘管有所改善，該公司仍經歷了30億美元的淨客戶資金流出，並面臨主動股票方面的阻力，需要集中力量以多元化和增強產品以減輕行業特定風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
