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NEW YORK - Global investment firm The Carlyle Group Inc. (NASDAQ:CG) reported first quarter earnings that exceeded analyst expectations on Thursday.
Carlyle’s stock was up 5.36% in pre-market trading following the earnings release.
The company posted adjusted earnings per share of $1.14 for Q1 2025, surpassing the consensus estimate of $0.96. Revenue came in at $973.1 million, slightly below expectations of $981.12 million but up from $688.4 million in the same quarter last year.
Carlyle’s distributable earnings, a key metric for alternative asset managers, rose to $455.4 million from $431.3 million a year earlier. Fee-related earnings increased 17% YoY to $310.6 million.
Total (EPA:TTEF) assets under management reached $452.6 billion at quarter-end, up 6% from $425.5 billion a year ago. Fee-earning AUM grew 3% YoY to $313.8 billion.
"Our quarterly results reflect focused execution against our long-term strategy, evidenced by record Fee Related Earnings, FRE margin, and assets under management," said CEO Harvey M. Schwartz.
The company declared a quarterly dividend of $0.35 per share.
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