NYSE$AMG

Affiliated Managers Group · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

AMG reported EPS of $17.40 and Economic EPS of $7.28.

AMG's Q4 2022 results showed a net income of $777.8 million, which includes a $576 million gain on the BPEA transaction. The company's EPS was reported as $17.40, and Economic EPS was $7.28. AMG repurchased $130 million in common stock during the quarter.

  • Delivered 10% growth in full-year Economic Earnings per share.
  • Continued to evolve business toward areas of secular growth.
  • Invested $1.3 billion in growth investments in new and existing Affiliates over the past four years.
  • Returned $1.9 billion in excess capital to shareholders through share repurchases over the past four years.

Headline financials

Total Revenue

$540M

Previous: $692M-22.0%
EPS (adj)

$7.28

Previous: $6.10+19.3%
Total AUM

$651B

Previous: $814B-20.0%
Average AUM

$642B

Previous: $810B-20.7%
Capital Expenditures

$2.3M

Previous: $3.5M-34.3%
Free Cash Flow

$255M

Previous: $358M-28.9%
Net Income

$831M

Previous: $179M+365.6%
Operating Income

$1.06B

Previous: $368M+187.7%
Gross Profit

$540M

Previous: $692M-22.0%
Cash & Equivalents

$429M

Previous: $909M-52.8%
Total Assets

$8.88B

Previous: $8.88B+0.1%
Stock-Based Comp

$32.9M

Previous: $35.8M-8.1%

Revenue & EPS history

AMG · Revenue · Quarterly

$540M

Q4 2022-22%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Forward guidance

AMG enters 2023 in an excellent position to capitalize on unique opportunities emerging in a fundamentally changed market environment. They remain focused on executing their strategy of allocating capital to the highest areas of growth and return within their disciplined capital allocation framework.

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

+0.7%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.7%

Avg return

30 days after

47%

32 / 68 earnings

Positive

+26.4%

Q4 2020

Best reaction

-15.1%

Q1 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.6%-1.6%+9.8%
Q4 2025+6.8%+4.8%-11.7%
Q3 2025+8.3%+9.0%+14.1%
Q1 2025+3.3%+4.1%+4.0%
Q4 2024+0.2%-5.2%-12.5%
Q3 2024-8.3%-4.6%-4.0%
Q2 2024+4.4%-4.2%-3.3%
Q1 2024-3.0%-1.7%-1.2%
Q4 2023+3.0%+4.2%+6.2%
Q3 2023+1.7%+3.5%+6.7%
Q2 2023-13.5%-14.2%-18.6%
Q1 2023-0.8%-1.9%-3.7%
Q4 2022-3.8%-6.0%-11.0%
Q3 2022+16.0%+24.2%+27.5%
Q2 2022+1.5%+2.7%+0.8%
Q1 2022+3.6%+2.7%+4.7%
Q4 2021+0.4%-2.8%-11.0%
Q3 2021+12.1%+10.8%-0.3%
Q2 2021-5.2%-4.6%+4.0%
Q1 2021+1.1%+7.7%+3.2%
Q4 2020+26.4%+31.6%+25.3%
Q3 2020-3.2%-5.1%+14.3%
Q2 2020-0.9%-2.1%+0.1%
Q1 2020+13.0%+7.8%+20.2%
Q4 2019+2.8%+2.1%-5.5%
Q3 2019+8.7%+6.2%+11.1%
Q2 2019-3.6%-9.9%-16.7%
Q1 2019-15.1%-14.8%-20.5%
Q4 2018+4.8%-0.1%+1.4%
Q3 2018-0.3%+1.1%-1.5%
Q2 2018+5.9%+0.7%-2.0%
Q1 2018-3.5%-4.9%-5.4%
Q4 2017-5.8%-8.6%-12.2%
Q3 2017-2.2%-2.8%+4.2%
Q2 2017+4.1%+1.1%-2.6%
Q1 2017-6.5%-6.6%-7.1%
Q4 2016+5.5%+9.5%+17.2%
Q3 2016-2.5%-4.0%+7.4%
Q2 2016-3.9%-0.3%-3.2%
Q1 2016-5.5%
Q4 2015-7.4%
Q3 2015-6.3%
Q2 2015+0.1%
Q1 2015+1.2%
Q4 2014-2.2%
Q3 2014-3.9%
Q2 2014-0.5%
Q1 2014+10.3%
Q4 2013-0.1%
Q3 2013+0.8%
Q2 2013+4.5%
Q1 2013-0.7%
Q4 2012-0.3%
Q3 2012+5.8%
Q2 2012+2.2%
Q1 2012+0.8%
Q4 2011+2.0%
Q3 2011-0.6%
Q2 2011+2.7%
Q1 2010+0.0%
Q1 2011+2.2%
Q4 2008-2.1%
Q4 2010-2.1%
Q3 2009-0.1%
Q3 2010-0.1%
Q2 2009-0.8%
Q4 2009-0.8%
Q2 2010-0.8%

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