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AI brief of an SEC Form 8-K · Acadian Asset Management (AAMI)

BrightSphere Q1 2024 diluted EPS $0.37, up from $0.28; revenue up 15.1%

Positive Impact 3 of 5 earnings Written later

BrightSphere Investment Group Inc. (NYSE: BSIG), parent of Acadian Asset Management, reported first-quarter 2024 results on May 2, 2024. Total revenue rose 15.1% to $105.7 million and U.S. GAAP diluted EPS rose 32.1% to $0.37, helped by higher management fees and fewer shares outstanding after buybacks. Compared with the fourth quarter of 2023, revenue and earnings fell because performance fees are seasonal.

Key points

  • Total revenue of $105.7 million for Q1 2024, up from $91.8 million in Q1 2023
  • U.S. GAAP diluted EPS of $0.37 vs. $0.28 a year earlier; ENI diluted EPS of $0.44
  • Repurchased 3.5 million shares for $74.4 million in Q1 2024; quarterly dividend of $0.01 per share payable June 28, 2024
  • Revolving credit facility balance of $73 million at March 31, 2024; net leverage ratio of 1.7x

The filing

CompanyAcadian Asset Management (AAMI)
Form8-K, current report
Filed with the SECMay 2, 2024, 7:31 AM ET
Accession number0001748824-24-000022

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 02, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.