NASDAQ$SEIC

SEI Investments Company · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

SEI's Q4 2022 financial results were announced, revealing a decrease in revenue and net income compared to the same period last year.

SEI Investments Company reported a decrease in revenue and net income for Q4 2022. Diluted earnings per share decreased to $0.83 compared to $1.03 in Q4 2021. The company highlighted its focus on growth and efficiency improvements despite economic challenges.

  • Diluted earnings per share were $0.83, down from $1.03 in Q4 2021.
  • Revenue decreased by 9% to $456.59 million compared to $501.65 million in the same quarter last year.
  • Net income decreased by 23% to $112.22 million compared to $145.30 million in Q4 2021.
  • Average assets under administration decreased to $789.9 billion, an 11% decrease compared to $884.3 billion in Q4 2021.

Headline financials

Total Revenue

$457M

Previous: $502M-9.0%
EPS (adj)

$0.83

Previous: $1.03-19.4%
Effective Tax Rate

18.1%

No prior period
Capital Expenditures

$6.87M

Previous: $3.98M+72.7%
Free Cash Flow

$131M

Previous: $139M-5.7%
Net Income

$112M

Previous: $145M-22.8%
Operating Income

$94M

Previous: $143M-34.4%
Gross Profit

$229M

Previous: $283M-19.1%
Cash & Equivalents

$853M

Previous: $825M+3.4%
Total Assets

$2.38B

Previous: $2.35B+1.2%

Revenue & EPS history

SEI · Revenue · Quarterly

$457M

Q4 2022-9%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

SEI · $457M total across 5 segments · Q4 2022

  • Investment Managers
    $156M+1.0%
  • Private Banks
    $115M-10.9%
  • Investment Advisors
    $106M-15.7%
  • Institutional Investors
    $74.8M-14.9%
  • Investments in New Businesses
    $4.73M+4.6%

Forward guidance

SEI anticipates making necessary changes to execute against its strategy to drive growth, invest wisely in its future, and deliver increased value for its employees, clients, and shareholders.

Tailwinds

  • Company will work to grow its revenue.
  • Company will improve the overall efficiency and scale of its business.
  • Company will invest wisely in its future.
  • Company will increase revenue over time from those clients to which they have granted price concessions.
  • Company will expand any of its relationships with any of its clients.

Headwinds

  • There may be negative consequences for the company with respect to those of its clients that are involved in M&A activity.
  • There may be challenges regarding expense trends in any of the market segments.
  • There may be challenges regarding generating positive sales momentum.
  • There may be potential issues in the Investment Managers market segment.
  • Client deconversions and the effect of these deconversions on revenue could pose challenges.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 2022

-0.3%

Avg return

Earnings day

-0.7%

Avg return

5 days after

+0.3%

Avg return

30 days after

54%

37 / 69 earnings

Positive

+10.9%

Q2 2014

Best reaction

-17.1%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.0%+7.9%+6.8%
Q4 2025+2.3%-2.3%-5.6%
Q3 2025-0.0%+0.5%-1.7%
Q2 2025-0.7%-0.5%-2.6%
Q1 2025+7.8%+6.9%+15.0%
Q4 2024+3.7%+3.8%-3.5%
Q3 2024+4.6%+6.6%+13.6%
Q2 2024-2.4%-0.9%-0.5%
Q1 2024-0.8%-0.7%+1.8%
Q4 2023+3.2%+2.5%+5.6%
Q3 2023-3.0%-1.8%+6.3%
Q2 2023-2.3%-1.5%-4.1%
Q1 2023-1.7%-2.5%-2.5%
Q4 2022-1.1%-1.4%-4.5%
Q3 2022+7.5%+10.8%+27.7%
Q2 2022+1.6%+0.4%+6.8%
Q1 2022-3.5%-3.8%-6.9%
Q4 2021-3.6%+1.3%+1.6%
Q3 2021+1.7%+2.4%+1.5%
Q2 2021-2.5%-2.2%-1.3%
Q1 2021-10.5%-5.5%+0.5%
Q4 2020-7.5%-6.1%-3.9%
Q3 2020-8.5%-11.6%-4.2%
Q2 2020-8.4%-9.1%-11.3%
Q1 2020-0.5%+3.9%+4.6%
Q4 2019+5.8%+6.3%-13.8%
Q3 2019+3.9%+4.5%+9.7%
Q2 2019+3.3%+4.6%-4.1%
Q1 2019-7.3%-5.3%-9.5%
Q4 2018-2.4%+1.9%+8.6%
Q3 2018-5.0%+0.5%-1.2%
Q2 2018-5.9%-6.1%-6.7%
Q1 2018-8.8%-9.0%-6.3%
Q4 2017+0.2%-5.2%-2.5%
Q3 2017+2.2%+1.0%+7.8%
Q2 2017-3.0%-1.2%-0.1%
Q1 2017-2.1%-2.2%-4.0%
Q4 2016-3.2%-4.1%+0.0%
Q3 2016+1.6%+0.8%+6.5%
Q2 2016-11.4%-11.2%-10.0%
Q1 2016+4.5%
Q4 2015-17.1%
Q3 2015-1.6%
Q2 2015+5.9%
Q1 2015+2.1%
Q4 2014+1.2%
Q3 2014+3.0%
Q2 2014+10.9%
Q1 2014+2.3%
Q4 2013+2.1%
Q3 2013+3.1%
Q2 2013+3.2%
Q1 2013-3.0%
Q4 2012-0.3%
Q3 2012-1.0%
Q2 2012+1.6%
Q1 2012+1.8%
Q4 2011+0.3%
Q4 2008+0.3%
Q3 2011+3.6%
Q2 2011-7.4%
Q1 2010-0.4%
Q1 2011+1.6%
Q4 2010+2.3%
Q3 2010+2.4%
Q3 2009+2.4%
Q2 2010+1.0%
Q2 2009+1.0%
Q4 2009+1.0%

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