ETF Segment Growth
ETF assets reached $4.7 billion, marking a 79% increase over the prior year. ETF sales and flows reached their highest quarterly level at $0.9 billion each, supported by strong investment performance.
Earnings and Operating Margin Improvement
Earnings per share as adjusted increased to $6.69 from $6.25 in the previous quarter. The operating margin increased by 170 basis points to 33%.
Dividend Increase and Debt Refinancing
The company increased its quarterly dividend for the eighth consecutive year and completed a debt refinancing, adding $158 million of cash to the balance sheet.