Victory Capital Reports First Quarter 2020 Financial Results
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Victory Capital (VCTR) Tops Q1 EPS by 3c, Revenues Miss
May 11, 2020 6:52 AM EDTVictory Capital (NASDAQ: VCTR) reported Q1 EPS of $0.92, $0.03 better than the analyst estimate of $0.89. Revenue for the quarter came in at $204.42 million versus the consensus estimate of $206.28 million.
First Quarter 2020 Highlights
Total Asset Under Management (AUM) of $123.8 billionLong-term gross flows of $7.3 billion; total net outflows of $2.9 billionGAAP operating margin of 44.3% and adjusted EBITDA margin of 44.8%1GAAP net income of $0.77 per diluted share, up 285% versus first quarter 2019Adjusted net income with tax benefit of $0.92 per diluted share, up 163% versus first quarter 20191Board authorizes regular quarterly cash dividend... More