APAM · Artisan Partners Asset Management, Inc. Q2 FY2026 earnings call record财报电话会记录

“We expect the wind down to be largely completed by the end of the third quarter, and Charles Daley will describe the financial impact during his remarks.”

“Looking ahead, the September quarter will be negatively impacted by approximately $0.03 per share compared to the second quarter as a result of the wind down of the U.S.”

“Adjusted operating margin expanded 180 basis points to 32.9%, and adjusted earnings per share increased to $0.94.”

“Margin expanded 120 basis points, and adjusted EPS increased 13%, highlighting the operating leverage inherent in our business model.”

“Adjusted operating margin improved to 32%, and adjusted earnings per share increased 9% to $1.81.”

“Consistent with our dividend policy, our board of directors declared a quarterly dividend of $0.80 per share for the June 2026 quarter, representing a 4% increase from the prior quarter and a 10% increase year-over-year.”

“I'd say more generally across global risk assets, specifically equity, there's maybe a slightly more cautious tone.”

“David, in the international value pipeline continues to be quite robust and strong across our global franchises, and global strategies.”

“On your first question, the $0.03 is the delta between the second quarter and what we expect in the third quarter.”

“That $0.03 is a differential between the second quarter, this quarter's results, and what you would expect next quarter.”

“and EMEA region that are getting up the curve and building their own pipeline.”

“The international value franchise had a nice institutional win and continues to build on their pipeline.”