Victory Capital Posts Record Fourth Quarter and Full Year 2019 Financial Results

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Victory Capital (VCTR) Tops Q4 EPS by 6c, Revenues Beat

February 12, 2020 4:33 PM EST

Victory Capital (NASDAQ: VCTR) reported Q4 EPS of $0.99, $0.06 better than the analyst estimate of $0.93. Revenue for the quarter came in at $218.6 million versus the consensus estimate of $216.76 million.

Fourth Quarter 2019 Highlights

Total Assets Under Management (AUM) of $151.8 billionLong-term gross flows of $5.3 billion; long-term net outflows of $1.5 billionGAAP operating margin of 29.4%; GAAP earnings of $0.51 per diluted shareAdjusted net income with tax benefit per diluted share of $0.991Adjusted EBITDA margin of 46.8%1Debt reduced by $85 million; run-rate net leverage ratio reduced to ~2.3x.Board authorizes regular... More