Affiliated Managers Group (AMG) Tops Q3 EPS by 43c
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AMG Reports Financial and Operating Results for the Third Quarter and Nine Months Ended September 30, 2020
October 26, 2020 7:01 AM EDTCompany reports EPS of $1.53, Economic EPS of $3.27 in third quarter of 2020
Net Income (controlling interest) of $71 million, Economic Net Income of $152 millionAdjusted EBITDA of $181 million, representing 12% growth versus prior quarterRepurchased approximately $85 million in common stockIssued $275 million 40-year hybrid bond, further extending balance sheet duration and enhancing liquidityWEST PALM BEACH, Fla., Oct. 26, 2020 (GLOBE NEWSWIRE) -- Affiliated Managers Group, Inc. (NYSE: AMG) today reported its financial and operating results for the third quarter... More
