Overview

* AMG Q3 revenue missed analyst expectations, while adjusted EBITDA beat estimates

* Economic EPS for Q3 grew 27% yr/yr, reflecting strong capital allocation

* Company reported $9 bln in net client cash inflows, driven by alternative strategies

Outlook

* AMG plans to leverage strong cash flow for growth investments

* Company sees opportunities to enhance long-term growth prospects

* AMG collaborates with BBH to develop new U.S. wealth products

Result Drivers

* ALTERNATIVE STRATEGIES - Strong client demand for alternative strategies drove $9 bln in net client cash inflows in Q3

* STRATEGIC COLLABORATION - Collaboration with BBH enhances AMG's position as a leading sponsor of alternative strategies for U.S. wealth market

* CAPITAL ALLOCATION - Disciplined capital allocation strategy contributed to 27% growth in Economic EPS

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $528 mln $545.20

Revenue mln (4

Analysts

)

Q3 EPS $6.87

Q3 Net $212.40

Income mln

Q3 Beat $250.90 $229.70

Adjusted mln mln (4

EBITDA Analysts

)

Q3 $803.60

Assets bln

Under

Manageme

nt

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)