BrightSphere Investment Group Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 07:36 am EDT
Share
BrightSphere Investment Group Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported revenue was USD 86.8 million compared to USD 117.9 million a year ago. Net income was USD 17.8 million compared to USD 229.5 million a year ago. Basic earnings per share from continuing operations was USD 0.43 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.42 compared to USD 0.52 a year ago. Basic earnings per share was USD 0.43 compared to USD 2.88 a year ago. Diluted earnings per share was USD 0.42 compared to USD 2.76 a year ago.
For the nine months, revenue was USD 294.5 million compared to USD 360.9 million a year ago. Net income was USD 70.2 million compared to USD 789.2 million a year ago. Basic earnings per share from continuing operations was USD 1.66. Diluted earnings per share from continuing operations was USD 1.62. Basic earnings per share was USD 1.66 compared to USD 9.93 a year ago. Diluted earnings per share was USD 1.62 compared to USD 9.53 a year ago.
Brightsphere Investment Group Inc. is a diversified asset management company. The Company provides investment management services globally, predominantly to institutional investors. The Company operates through its subsidiary, Acadian Asset Management LLC (Acadian). Acadian is a systematic investment manager of active global, international equity and alternative strategies. The Company operates through one segment: the Quant and Solutions segment. The Quant and Solutions segment is comprised of leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including global, non- United States and small-cap equities, as well as managed volatility, systematic macro, equity alternatives, and credit strategies. Through Acadian, the Company offers a diverse range of actively managed investment strategies and products to institutional investors around the globe.
BRIGHTSPHERE INVESTMENT GROUP INC. 
