The corporate reporting period has is going.
Last week, 113 companies from the S&P 500 index reported.
Today we will consider Kkr & Co. Its revenue is $4.7B. It grew by +7.0% compared to the corresponding value for the previous quarter and exceeded analysts’ expectations by +167.5%. Let’s analyze the company’s business in more detail.
Kkr & Co is one of the largest asset management companies in the United States with total assets under management of $624B. The company has two main segments: asset management, namely investments in private companies, infrastructure and energy projects, and real estate, as well as the insurance segment, which appeared after the acquisition of Global Atlantic Financial Group.
Kkr & Co’s revenues increased by +32.2% year-on-year. Since the end of Q3`23, the company has managed to increase its assets under management (AUM) by +18.1%. Also, the share of Kkr & Co investments that have fixed periodic fees increased by +19.3% compared to Q3`23.
61% of the revenue structure is occupied by manufacturing costs, and 49% by gross revenue. Over the past quarter, the company earned a profit of $654M. And its market capitalization is $127B.
After the publication of the report, Kkr & Co shares rose by +3.6% to reach $139 per share. In general, market participants are satisfied with the company’s current financial results and reacted positively to the forecasts for the next quarter.
*surprise – % ratio between actual and expected revenue
**growth – % ratio of the amount of revenue for the last 4 quarters compared to this value calculated for the previous quarter
