Invesco reports Q1 adjusted EPS 57c, consensus 58c

Reports Q1 revenue $1.74B, consensus $1.27B. The company said, “We delivered our 11th consecutive quarter of positive organic growth with $22 billion of net inflows. Broad-based demand across our diversified, scaled global platform demonstrates we have the capabilities to deliver for clients in any market environment. We advanced several strategically important investment capabilities and vehicles this quarter, with many reaching record assets under management. With discipline, focus, and the benefits of scale, we are generating meaningful operating leverage. We expanded adjusted operating margin by more than 300 basis points versus the first quarter of last year with 14% net revenue growth and well-managed expenses helping drive a 25% increase in adjusted operating income and a 30% increase in adjusted diluted earnings per share. We are also staying ahead of demand, launching several innovative products already this year. Our progress on strategic priorities includes continued strengthening of our balance sheet and efficient capital deployment, including returning more to shareholders through increased common share repurchases and dividends.”