Oaktree Capital Group (OAK) Tops Q4 EPS by 9c
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Oaktree Announces Fourth Quarter and Full-Year 2018 Financial Results
February 5, 2019 8:30 AM ESTAs of December 31, 2018 or for the quarter and year then ended, and where applicable, per Class A unit:
GAAP net income attributable to Oaktree Capital Group, LLC (OCG) Class A unitholders was $74.5 million ($1.04 per unit) and $211.1 million ($2.99) for the quarter and full year, respectively, as compared with $13.4 million ($0.21) and $231.5 million ($3.61) for the comparable 2017 periods. The fourth quarter of 2017 included the impact of the Tax Act (defined below), which resulted in a $33.2 million reduction to net income attributable to OCG Class A unitholders. Adjusted net income decreased to $84.2 million ($0.43 per unit)... More