AAMI
Acadian Asset Management Inc.47.92
+0.26+0.55%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Robust pipeline, buybacks resuming
Q&A offered fresh flavor on Acadian's robust pipeline, highlighting sustained demand for enhanced indexing, extensions, and a resurgent EM core amid diversification tailwinds from dollar weakness. Management detailed self-funded investments in systematic credit salespeople, technology, and AI to streamline research data handling. Buybacks, paused for Q4 refinancing, will resume actively alongside the new 10¢ dividend signaling free cash flow confidence—no payout ratio targeted, eyeing net cash long-term. Flows remained diverse across strategies and clients, sans outsized mandates. Pipeline holds firm. Investors watch conversion into 2026 flows.
Key Stats
Market Cap
1.72BP/E (TTM)
20.22Basic EPS (TTM)
2.37Dividend Yield
0%Recent Filings
10-K
FY2025 results
Acadian Asset Management crushed FY2025 with AUM exploding 51% to $177.5B, fueled by record $29.4B net inflows—mostly institutional—and $30.8B market gains, while average AUM jumped 28% to drive management fees up 20% to $517.7M despite a fee mix dip from enhanced strategy growth; ENI hit $117.6M with margins expanding to 35%, but GAAP net income slipped to $80M on lower performance fees and key employee equity revals. Q4 momentum roared via massive non-U.S. inflows, capping 28.5% average AUM growth. Debt sits comfy at $200M term loan (0.6x leverage) with $172.5M revolver dry; $48M buybacks trimmed shares. AUM relies heavily on five strategies (46%).
8-K
Record AUM, fees surge
Acadian Asset Management hit record AUM of $177.5 billion on February 5, 2026, fueled by $5.4 billion Q4 net inflows—3% of beginning AUM—from enhanced and emerging markets strategies. Record management fees soared 32% to $146.4 million, lifting ENI operating margin to 45.7% despite lower performance fees. Board hiked dividend to $0.10/share. Balance sheet strengthened post-$275 million notes redemption.
8-K
Redeems $275M notes early
Acadian Asset Management issued a notice on October 30, 2025, to fully redeem its $275 million 4.800% Senior Notes due 2026, with the redemption set for December 1, 2025, at $1,004.01 per $1,000 principal plus $4.5 million accrued interest. This clears the debt early. Redemption uses the Treasury Rate plus 50 basis points.
10-Q
Q3 FY2025 results
Acadian Asset Management's Q3 revenue climbed 17.1% year-over-year to $144.2M, fueled by management fees up 21.4% to $136.1M on average AUM swelling 34.5% to $156.5B, though performance fees cratered 98% to $0.2M. Operating income dipped slightly to $26.6M, but net income attributable to controlling interests held at $15.1M with diluted EPS steady at $0.42; YTD, revenue surged 15.9% to $391.5M and EPS rose 13.6% to $1.25. Cash equivalents stood at $117.3M, with $274.6M in 4.80% notes due 2026, while free cash flow (derived) improved to $55.3M YTD from $44.7M. Post-quarter, the company redeemed its notes and secured a $200M term loan and $175M revolver maturing 2028. Yet competition from passive strategies pressures fee compression.
8-K
Acadian Asset Management redeems $275M Senior Notes with $200M term loan and cash, bolstering balance sheet amid record $166.4B AUM and $6.4B Q3 inflows.
Acadian Asset Management Inc. announced the redemption of its $275 million 4.80% Senior Notes due 2026, to be funded by a new $200 million term loan and cash on hand. This refinancing strengthens the balance sheet and improves financial flexibility. The company reported record assets under management of $166.4 billion as of September 30, 2025, with strong Q3 net inflows of $6.4 billion. Economic net income for Q3 was $27.2 million, up 23% year-over-year, driven by higher management fees.
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