The Carlyle Group Announces First Quarter 2018 Financial Results
May 02 2018 - 9:15AM
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:CG)
today reported its unaudited results for the first quarter ended
March 31, 2018.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin
said, “Carlyle is off to a strong start in 2018. We are benefiting
from robust fundraising activity that is driving increased scale in
our fund platforms and we remain on track to generate significantly
higher Fee Related Earnings by the fourth quarter of 2018. Fund
performance remains solid with first quarter carry fund
appreciation of 3% substantially exceeding volatile public
markets.”
U.S. GAAP results for Q1 2018 included income
before provision for income taxes of $126 million, and net income
attributable to The Carlyle Group L.P. common unitholders of $34
million, or net income per common unit of $0.30, on a diluted
basis. U.S. GAAP results for the twelve months ended
March 31, 2018 included income before provision for income
taxes of $930 million and net income attributable to The Carlyle
Group L.P. common unitholders of $189 million. Total balance
sheet assets were $13 billion as of March 31, 2018.
In addition to this release, Carlyle issued a full detailed
presentation of its first quarter 2018 results, which can be viewed
on the investor relations section of our website at
ir.carlyle.com.
Distributions
The Board of Directors has declared a quarterly
distribution of $0.27 per common unit to holders of record at the
close of business on May 11, 2018, payable on May 17, 2018.
The Board of Directors has declared a quarterly
distribution of $0.367188 per preferred unit to preferred
unitholders of record at the close of business on June 1, 2018,
payable on June 15, 2018.
Conference Call
Carlyle will host a conference call at 8:30 a.m.
EDT on Tuesday, May 1, 2018, to announce its first quarter
2018 financial results. The call may be accessed by dialing +1
(800) 850-2903 (U.S.) or +1 (253) 237-1169
(international) and referencing “The Carlyle Group Financial
Results Call.” The conference call will be webcast simultaneously
via a link on Carlyle’s investor relations website at
ir.carlyle.com and an archived replay of the webcast also will be
available on the website soon after the live call.
About The Carlyle Group
The Carlyle Group (NASDAQ: CG) is a global
alternative asset manager with $201 billion of assets under
management across 324 investment vehicles as of March 31,
2018. Carlyle’s purpose is to invest wisely and create value on
behalf of its investors, many of whom are public pensions. Carlyle
invests across four segments – Corporate Private Equity, Real
Assets, Global Credit and Investment Solutions – in Africa, Asia,
Australia, Europe, the Middle East, North America and South
America. Carlyle has expertise in various industries, including:
aerospace, defense & government services,
consumer & retail, energy, financial services, healthcare,
industrial, real estate, technology & business services,
telecommunications & media and transportation. The Carlyle
Group employs more than 1,575 people in 31 offices across six
continents.
Forward Looking Statements
This press release may contain forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933 and Section 21E of the Securities Exchange Act of
1934. These statements include, but are not limited to, statements
related to our expectations regarding the performance of our
business, our financial results, our liquidity and capital
resources, contingencies, our distribution policy, and other
non-historical statements. You can identify these forward-looking
statements by the use of words such as “outlook,” “believes,”
“expects,” “potential,” “continues,” “may,” “will,” “should,”
“seeks,” “approximately,” “predicts,” “intends,” “plans,”
“estimates,” “anticipates” or the negative version of these words
or other comparable words. Such forward-looking statements are
subject to various risks, uncertainties and assumptions.
Accordingly, there are or will be important factors that could
cause actual outcomes or results to differ materially from those
indicated in these statements including, but not limited to, those
described under the section entitled “Risk Factors” in our Annual
Report on Form 10-K for the year ended December 31, 2017 filed
with the SEC on February 15, 2018, as such factors may be
updated from time to time in our periodic filings with the SEC,
which are accessible on the SEC’s website at www.sec.gov. These
factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included
in this release and in our filings with the SEC. We undertake no
obligation to publicly update or review any forward-looking
statements, whether as a result of new information, future
developments or otherwise, except as required by applicable
law.
This release does not constitute an offer for
any Carlyle fund.
Contacts:
Public Market
Investor Relations |
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Media |
Daniel Harris |
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Elizabeth Gill |
Phone: +1 (212)
813-4527 |
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Phone: +1 (202)
729-5385 |
daniel.harris@carlyle.com |
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elizabeth.gill@carlyle.com |
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Web:
www.carlyle.com |
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Videos:
www.youtube.com/onecarlyle |
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Tweets:
www.twitter.com/onecarlyle |
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Podcasts:
www.carlyle.com/about-carlyle/market-commentary |
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