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25.07.2018 13:35
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PR Newswire
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T. Rowe Price Group Reports Second Quarter 2018 Results
Das Firmenschild der T. Rowe Price Group in Colorado Springs in Colorado, USA.
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PR Newswire
BALTIMORE, July 25, 2018
BALTIMORE, July 25, 2018 /PRNewswire/ -- T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its second quarter of 2018 results, including net revenues of $1.3 billion, net income of $448.9 million, and diluted earnings per common share of $1.77. For the second quarter of 2017, net revenues were $1.2 billion, net income was $373.9 million, and diluted earnings per share was $1.50. On a non-GAAP basis, diluted earnings per share for the second quarter of 2018 was $1.87, compared with $1.28 in the 2017 quarter.
Financial Highlights
The table below presents financial results on a U.S. GAAP basis, as well as a non-GAAP basis that adjusts for, among other items, nonrecurring tax charges recognized in the second quarter of 2018 of $20.8 million ($.08 in diluted earnings per share) related to the enactment of U.S. tax reform and $7.9 million ($.03 in diluted earnings per share) related to the enactment of new Maryland state tax legislation. Beginning in the second quarter of 2018, the firm's non-GAAP adjustments no longer include non-operating income related to its cash and discretionary investments. The firm believes the non-GAAP financial measures below provide relevant and meaningful information to investors about its core operating results.
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| (in millions, except per-share data) | | Q2 2017(1) | | Q2 2018 | | % change | | | Q1 2018 | | Q2 2018 | | | 6/30/2017(1) | | 6/30/2018 | | % | |||||||||||||
| | | | | | | | | | | | | | | | | | | | |||||||||||||
| U.S. GAAP basis | | | | | | | | | | | | | | | | | | | |||||||||||||
| Investment advisory fees | | $ | 1,046.0 | | | $ | 1,214.4 | | | 16.1 | % | | | $ | 1,189.2 | | | 2.1 | % | | | $ | 2,038.7 | | | $ | 2,403.6 | | | 17.9 | % |
| Net revenues | | $ | 1,186.0 | | | $ | 1,345.0 | | | 13.4 | % | | | $ | 1,328.0 | | | 1.3 | % | | | $ | 2,318.6 | | | $ | 2,673.0 | | | 15.3 | % |
| Operating expenses | | $ | 678.4 | | | $ | 750.3 | | | 10.6 | % | | | $ | 744.2 | | | .8 | % | | | $ | 1,289.3 | | | $ | 1,494.5 | | | 15.9 | % |
| Net operating income | | $ | 507.6 | | | $ | 594.7 | | | 17.2 | % | | | $ | 583.8 | | | 1.9 | % | | | $ | 1,029.3 | | | $ | 1,178.5 | | | 14.5 | % |
| Non-operating income(2) | | $ | 112.0 | | | $ | 34.1 | | | n/m | | | | $ | 16.1 | | | n/m | | | | $ | 227.0 | | | $ | 50.2 | | | n/m | |
| Net income attributable to T. Rowe Werbung Mehr Nachrichten zur T. Rowe Price Group Aktie kostenlos abonnieren
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