Invesco Ltd. (IVZ) Tops Q4 EPS by 17c, Revenues Beat

January 26, 2021 6:57 AM EST

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Invesco Ltd. (NYSE: IVZ) reported Q4 EPS of $0.72, $0.17 better than the analyst estimate of $0.55. Revenue for the quarter came in at $1.23 billion versus the consensus estimate of $1.13 billion.

Update from Marty Flanagan, President and CEO

"2020 was one of the most challenging years for our industry and the world," said Marty Flanagan, President and Chief Executive Officer of Invesco Ltd. "While the pandemic remains pervasive, we look forward to 2021 with cautious optimism that conditions will improve. Our focus continues to be on executing our long-term strategy while supporting our employees and delivering solutions to help clients achieve their investment objectives.

"Over the past decade, we've been tremendously successful investing ahead of shifts in client demand, placing us in a very strong position to take advantage of key industry tailwinds in the future. Our investment in these capabilities and the tremendous focus on our clients produced good momentum in our business that became more visible as the year progressed. We ended 2020 with six straight months of net long-term inflows totaling nearly $18 billion, with progress across a broad variety of channels, geographies and asset classes building on our strong foundation as we head into 2021.

"We had net long-term inflows in the fourth quarter of nearly $10 billion. Long-term flows into Fixed Income capabilities remained strong, while we also saw significant client demand for equities, particularly ETFs, quantitative and indexed strategies. We saw another quarter of significant net inflows in our Asia Pacific region, and flows in the Americas turned positive.

"Improved flow fundamentals, combined with favorable markets, increased ending AUM to $1.35 trillion, a record for our firm. Our net revenues and EPS increased in the period. We continued to optimize our balance sheet by reducing outstanding borrowings under our revolver to zero while improving our cash balances.

"We are well positioned in areas of high market demand, with the majority of our investment capabilities aligned with future growth areas. We have invested and will continue to invest in key areas of future growth, including ETFs, Fixed Income, China, Solutions, Alternatives and Global Equities. We remain focused on meeting client needs in a challenging environment while running a disciplined business, working toward sustained organic growth and executing on our strategic evaluation."

For earnings history and earnings-related data on Invesco Ltd. (IVZ) click here.

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