SEIC - SEI Investments Company (SEIC) Q2 2024 Earnings Call Transcript

2024-07-24 23:07:07 ET

SEI Investments Company (SEIC)

Q2 2024 Earnings Conference Call

July 24, 2024 16:30 ET

Company Participants

Leslie Wojcik - Investor Relations

Ryan Hicke - Chief Executive Officer

Sean Denham - Chief Financial Officer

Sanjay Sharma - Members of Executive Committee

Paul Klauder - Executive Vice President & Head of Advisor Business

Phil McCabe - Members of Executive Committee

Jay Cipriano - Members of Executive Committee

Conference Call Participants

Crispin Love - Piper Sandler

Ryan Kenny - Morgan Stanley

Owen Lau - Oppenheimer

Jeff Schmitt - William Blair

Patrick O'Shaughnessy - Raymond James

Aidan Hall - KBW

Presentation

Operator

Thank you everyone for standing by and welcome to the SEI Second Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, today's call is being recorded.

I will now turn the call over to your host, Leslie Wojcik. Please go ahead.

Leslie Wojcik

Thank you and welcome, everyone. We appreciate you joining us today for our second quarter 2024 earnings call. On the call, we have Ryan Hicke, SEI's Chief Executive Officer; Sean Denham, Chief Financial Officer; and members of our Executive Committee, Jay Cipriano, Sandy Ewing, Paul Klauder, Phil McCabe, Mike Peterson, Sneha Shah and Sanjay Sharma.

Before we begin, I'd like to point out that our earnings press release can be found under the Investor Relations section of our website at seic.com. This call is being webcast live and a replay will be available on the Events and Webcasts page of our website. We would like to remind you that during today's presentation and in our responses to your questions, we have and will make certain forward-looking statements that are subject to risks and uncertainties that may cause actual results to differ materially. Please refer to our notices regarding forward-looking statements that appear in today's earnings press release and in our filings with the Securities and Exchange Commission. We do not undertake to update any of our forward-looking statements.

I'll now turn it over to CEO, Ryan Hicke. Ryan?

Ryan Hicke

Thanks, Leslie and good afternoon, everyone. Our positive momentum carried through the second quarter as we once again delivered strong profit growth quarter-over-quarter and continued solid execution of sales in our technology and operational platforms. We posted $1.05 EPS for the quarter, $22 million in sales, of which $15.9 million is recurring and $519 million in revenue. Sean will provide a detailed breakdown of all corporate and business segment financials shortly....

For further details see: