Every material Form 8-K Invesco filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Invesco reported third-quarter 2024 results on October 22, 2024. Operating revenues rose 2.2% from the prior quarter to $1.5 billion, but diluted EPS fell to $0.12 from $0.29 because of a one-time non-cash $147.6 million compensation expense tied to changes in retirement vesting criteria. Excluding that charge and other non-GAAP items, adjusted diluted EPS was $0.44, up from $0.43 in the second quarter.
Operating revenues were $1.5 billion, up 2.2% from $1.5 billion... (Q2-24: $1,483.3 million)
Diluted EPS was $0.12 versus $0.29 in Q2-24 and Q3-23; adjusted diluted EPS was $0.44 versus $0.43 in Q2-24
One-time non-cash acceleration of $147.6 million in compensation expense cut the GAAP operating margin to 6.6%
Net long-term inflows were $16.5 billion; the company repurchased 1.5 million shares for $25 million and declared a $0.205 per share common dividend payable December 3, 2024
Invesco reported second-quarter 2024 U.S. GAAP operating revenues of $1,483.3 million, up 0.5% from the first quarter, and diluted EPS of $0.29, down from $0.31. Results include a $50.0 million contingent liability tied to two regulatory matters, including an SEC investigation into electronic business communications recordkeeping. Adjusted diluted EPS, which excludes that charge among other items, rose to $0.43 from $0.33, and the company said it plans to begin share buybacks in the third quarter.
GAAP operating income fell 3.0% to $206.8 million, and net income attributable to Invesco Ltd. fell 6.6% to $132.2 million from $141.5 million in the first quarter.
Adjusted diluted EPS was $0.43 versus $0.33 in the first quarter and $0.31 in the second quarter of 2023.
Net long-term inflows were $16.7 billion, and ending AUM reached a record $1.7 trillion, up 12% year over year.
Common dividend of $0.205 per share is payable September 4, 2024, to holders of record on August 16, 2024.
At its Annual General Meeting on May 23, 2024, Invesco shareholders elected all eleven board nominees and approved an amendment and restatement of the 2016 Global Equity Incentive Plan to increase the shares available under it. Shareholders did not approve a proposal to vote on excessive golden parachutes. The plan will have 21.2 million shares available for issuance as of July 1, 2024.
All eleven director nominees were elected; Sarah E. Beshar received 337,294,271 votes for and 7,271,582 against.
Shareholders approved the 2016 plan amendment with 278,814,998 votes for and 65,658,308 against, leaving 21.2 million shares available from July 1, 2024.
Shareholders approved, on an advisory basis, executive compensation with 291,291,915 votes for and 53,106,954 against.
The golden parachute proposal failed, with 118,040,462 votes for and 226,279,393 against.
Invesco reported first-quarter 2024 operating revenues of $1,475.3 million, up 4.0% from a year earlier, but diluted EPS of $0.31 was down from $0.32 and adjusted diluted EPS fell 13.2% to $0.33. The company also increased its quarterly common dividend to $0.205 per share and reported $6.3 billion of net long-term inflows.
Operating revenues were $1,475.3 million, up 4.0% from Q1 2023 and 4.4% from Q4 2023.
Diluted EPS was $0.31 versus $0.32 in Q1 2023; adjusted diluted EPS was $0.33 versus $0.38.
Net long-term inflows were $6.3 billion; ending AUM was $1,662.7 billion, up 4.9% from the prior quarter.
Redeemed $600 million of senior notes; net debt was $361.8 million at March 31, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Invesco filing is on SEC EDGAR ↗. 8-K briefs of other companies →