SEI Investments Company (SEIC) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and thank you for standing by. Welcome to SEI First Quarter 2026 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask the question during the session, you will need to press star 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again. I would now like to hand the conference over to Brad Burke. You may begin. Thank you and welcome everyone to SEI's first quarter 2026 earnings call. We appreciate you joining us today. On the call, we have Ryan Hickey, SEI's chief executive officer, Sean Denham, our chief financial and chief operating officer, and members of our executive management team, including Michael Lane, Bill McCabe, Mike Peterson, Sneha Shah, Sanjay Sharma, and Amy Slowinski. Before we begin, I'd like to point out that our earnings press release and the presentation accompanying today's call can be found under the investor relations section of our website at seic.com. This call is being webcast live, and a replay will be available on the events and webcast page of our website. With that, I'll now turn the call over to Ryan. Ryan? Thank you, Brad, and good afternoon, everyone. This was a defining quarter for SEI. Q1 was not simply a strong start to the year. We believe it is emphatic evidence that the strategic and operating changes we have made set a new standard for what SEI is capable of delivering on a sustained basis. Q1 adjusted EPS totaled $1.44. That's more than a 20% increase from last year, driven by both top-line growth and margin expansion. We also delivered $67 million of net sales events each year, including $57 million of recurring reve...