2024-02-09 11:14:06 ET
Blue Owl Capital Inc. (OWL)
Q4 2023 Earnings Conference Call
February 9, 2024 08:30 AM ET
Company Participants
Ann Dai - Head, Investor Relations
Marc Lipschultz - Co-Chief Executive Officer
Alan Kirshenbaum - Chief Financial Officer
Conference Call Participants
Glenn Schorr - Evercore
Brian McKenna - JMP Securities
Alex Blostein - Goldman Sachs
Craig Siegenthaler - Bank of America
Bill Katz - TD Cowen
Steven Chubak - Wolfe Research
Patrick Davitt - Autonomous Research
Brennan Hawken - UBS
Crispin Love - Piper Sandler
Brian Bedell - Deutsche Bank
Ken Worthington - JPMorgan
Presentation
Operator
Good morning and welcome to the Blue Owl Q4 2023 Conference Call. Please note that today's call is being recorded. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. [Operator Instructions]
I will now turn the call over to Ann Dai, Head of Investor Relations. You may begin your conference.
Ann Dai
Thanks operator and good morning everyone. Joining me today are Marc Lipschultz, Co-Chief Executive Officer; and Alan Kirshenbaum, our Chief Financial Officer.
I'd like to remind our listeners that remarks made during the call may contain forward-looking statements, which are not a guarantee of future performance or results and involve a number of risks and uncertainties that are outside the company's control.
Actual results may differ materially from those in forward-looking statements as a result of a number of factors, including those described from time-to-time in Blue Owl's Capital's filings with the Securities and Exchange Commission. The company assumes no obligation to update any forward-looking statements.
We'd also like to remind everyone that we'll refer to non-GAAP measures on the call, which are reconciled to GAAP figures in our earnings presentation, available on the Investor Resources section of our website at blueowl.com. Please note that nothing on this call constitutes an offer to sell or a solicitation of an offer to purchase an interest in any Blue Owl funds.
This morning, we issued our financial results for the fourth quarter and full year of 2023, reporting fee-related earnings, or FRE of $0.20 per share for the fourth quarter and $0.70 per share for the year and distributable earnings, or DE of $0.18 per share for the fourth quarter and $0.65 per share for the year.
We declared a dividend of $0.14 per share for the fourth quarter payable on March 5th to holders of record as of February 23rd and also announced an annual fixed dividend of $0.72 for 2024 or $0.18 per quarter, starting with our 2024 first quarter earnings.
During the call today, we'll be referring to the earnings presentation, which we posted to our website this morning. So, please have that on hand to follow along....
Read the full article on Seeking Alpha
For further details see:
Blue Owl Capital Inc. (OWL) Q4 2023 Earnings Call Transcript