Earnings Call Summary | Virtus Investment(VRTS.US) Q1 2024 Earnings Conference
Earnings Call Summary | Virtus Investment(VRTS.US) Q1 2024 Earnings Conference
The following is a summary of the Virtus Investment Partners, Inc. (VRTS) Q1 2024 Earnings Call Transcript:
以下是Virtus Investment Partners, Inc.（VRTS）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Virtus Investment Partners reported assets under management (AUM) of $179 billion in Q1, primarily due to positive stock market performance and net flows in retail separate accounts.
The company has seen a sales increase of 22% to $7.6 billion, achieving growth in all product categories.
There is an improvement in their net outflows, reporting $1.2 billion in opposition to their previous quarter's $3.8 billion.
Equally, operating income has seen an increase of 5%, excluding seasonal employment expenses, with adjusted earnings per share rising 29% YoY.
Over the past year, Virtus repurchased 2% of its shares, raised its quarterly dividend by 15%, augmented its product capabilities through a strategic acquisition, and maintained a net leverage below 0.5x.
Virtus Investment Partners報告稱，第一季度管理的資產（AUM）爲1790億美元，這主要歸因於積極的股市表現和零售獨立賬戶的淨流量。
該公司的銷售額增長了22％，達到76億美元，實現了所有產品類別的增長。
他們的淨流出量有所改善，報告爲12億美元，而上一季度的淨流出量爲38億美元。
同樣，不包括季節性就業支出，營業收入增長了5％，調整後的每股收益同比增長了29％。
在過去的一年中，Virtus回購了2％的股票，將季度股息提高了15％，通過戰略收購增強了產品能力，並將淨槓桿率維持在0.5倍以下。
Business Progress:
業務進展：
Virtus has seen increases in both retail and institutional sales due to their diverse product offerings, compelling investment performance and effective distribution.
Additionally, they celebrated receiving a top-five fund family ranking for all periods in 2023's Barron performance review, including 5 and 10-year periods.
The firm is planning a balanced approach to capital management to support their growth, continued returns to shareholders and maintaining appropriate leverage levels.
They continue to explore potential growth in active ETFs, especially in fixed income and less correlated strategies.
Virtus continues exploring partnership opportunities that would create long-term shareholder value, and they are also considering various opportunities for their fixed-income strategies in the higher-for-longer environment.
Virtus的零售和機構銷售均有所增長，這要歸因於其多樣化的產品供應、引人注目的投資業績和有效的分銷。
此外，他們慶祝在2023年巴倫業績評估中所有時期（包括5年期和10年期）均獲得前五名基金家族排名。
該公司正在計劃採取平衡的資本管理方法，以支持其增長、持續的股東回報並維持適當的槓桿水平。
他們繼續探索活躍交易所買賣基金的潛在增長，尤其是固定收益和相關性較低的策略。
Virtus繼續探索能夠創造長期股東價值的合作機會，他們也在考慮在長期較高的環境中爲固定收益策略提供各種機會。
More details: Virtus Investment IR
更多詳情： Virtus 投資投資者關係
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。無法完全保證內容的準確性。欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。