Revenue Growth
Revenues for the first quarter were $1.1 billion, up 16% relative to the prior year period.
Engineering Segment Performance
The Engineering segment showed a 63% net revenue growth, with low teens percentage internal growth and a net margin increase to 8.4%.
Investment Management Milestone
Assets under management exceeded $100 billion for the first time. Investment Management net margin was 46.2%, up from 44.2% last year.
Successful Fundraising
Raised $1.2 billion of new capital commitments during the first quarter, more than double the amount raised in the prior year period.
Free Cash Flow Improvement
Free cash flow exceeded $400 million on a trailing 12-month basis, representing a conversion rate of 136% of adjusted net earnings.