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Manning & Napier, Inc Reports Second Quarter 2021 Earnings Results
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iPower Reports Fiscal Third Quarter Results
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FAIRPORT, N.Y., April 28, 2021 /PRNewswire/
Manning & Napier, Inc. (NYSE: MN), ( Manning & Napier or the Company ) today reported 2021 first quarter results for the period ended March 31, 2021.
Summary Highlights
Assets under management ( AUM ) at March 31, 2021 were $21.1 billion, compared to $20.1 billion at December 31, 2020
Revenue for the first quarter was $34.2 million, an increase of 10% from the first quarter of 2020 and an increase of 2% from the fourth quarter of 2020
First quarter income before taxes was $6.7 million; the net income attributable to Manning & Napier, Inc. for the first quarter was $5.2 million, or $0.26 per diluted share
On a non-GAAP basis, as defined in the Non-GAAP Financial Measures section below, economic net income for the first quarter was $6.7 million, or $0.29 per adjusted share