Affiliated Managers Group (AMG) Tops Q3 EPS by 43c

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Go back to Affiliated Managers Group (AMG) Tops Q3 EPS by 43c

AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2020

October 26, 2020 7:01 AM EDT

Company reports EPS of $1.53, Economic EPS of $3.27 in third quarter of 2020

Net Income (controlling interest) of $71 million, Economic Net Income of $152 millionAdjusted EBITDA of $181 million, representing 12% growth versus prior quarterRepurchased approximately $85 million in common stockIssued $275 million 40-year hybrid bond, further extending balance sheet duration and enhancing liquidity

WEST PALM BEACH, Fla., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the third quarter... More