TechFlow news — Global asset management company Invesco released its financial results for the three months ended September 30, 2023. Key highlights are as follows:
-
Net long-term inflows for the quarter reached $2.6 billion, with ETF net long-term inflows at $11.8 billion.
-
Assets under management (AUM) totaled $148.73 billion as of quarter-end, a 3.3% decrease from the prior quarter.
-
The company achieved an operating profit margin of 15.8%, while the adjusted operating profit margin reached 28.2%.
-
Restructuring costs amounted to $39 million, negatively impacting the operating profit margin by 270 basis points and the adjusted operating profit margin by 350 basis points.
-
The company maintained a strong balance sheet, keeping debt below $1.5 billion and reducing net debt to $247.6 million.
