Artisan Partners Asset Management Full Year 2024 Earnings: EPS Beats Expectations

Artisan Partners Asset Management (NYSE:APAM) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.11b (up 14% from FY 2023).
• Net income: US$237.4m (up 17% from FY 2023).
• Profit margin: 21% (in line with FY 2023).
• EPS: US$3.66 (up from US$3.19 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Artisan Partners Asset Management EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.7%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$894.5m (80% of total revenue). Notably, cost of sales worth US$593.7m amounted to 53% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$130.2m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how APAM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Capital Markets industry in the US.

Performance of the American Capital Markets industry.

The company's shares are down 6.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Artisan Partners Asset Management that you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.