KKR reports Q1 adjusted EPS $1.39c, consensus $1.26

Reports Q1 revenue $4.32B, consensus $2.11B. Reports Q1 AUM $758B, up 14% year-over-yearJoseph. Y. Bae and Scott C. Nuttall Co-CEOs said, “In May 1st, KKR (KKR) celebrated its 50th anniversary – a milestone reflecting a half century of navigating cycles and delivering for our clients. Our Q1 results demonstrate that track record and durability, with approximately 20% year-over-year growth across Fee Related Earnings, Total Operating Earnings and Adjusted Net Income per share. Against a volatile backdrop, monetization activity accelerated, and over the past 12 months we’ve invested more capital on behalf of our clients than at any point in our history. We are highly confident in the strength of our platform and our long-term positioning.”