The Carlyle Group Announces Third Quarter 2018 Financial Results
October 31 2018 - 6:30AM
Global alternative asset manager The Carlyle Group L.P. (NASDAQ:
CG) today reported its unaudited results for the third quarter
ended September 30, 2018.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin
said, “During the third quarter, we remained on track or ahead of
schedule for many of the goals we laid out for the year and we have
good momentum for future growth. Global markets are growing
increasingly volatile, but we believe Carlyle is well positioned to
take advantage of market dislocations and opportunities.”
U.S. GAAP results for Q3 2018 included income
before provision for income taxes of $61 million, and net income
attributable to The Carlyle Group L.P. common unitholders of $12
million, or net income per common unit of $0.10, on a diluted
basis. U.S. GAAP results for the twelve months ended
September 30, 2018 included income before provision for income
taxes of $834 million and net income attributable to The Carlyle
Group L.P. common unitholders of $162 million. Total balance
sheet assets were $13 billion as of September 30, 2018.
In addition to this release, Carlyle issued a full detailed
presentation of its third 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 $0.42 per common unit to holders of record at the
close of business on November 13, 2018, payable on November 20,
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 December 1, 2018,
payable on December 17, 2018.
Conference Call
Carlyle will host a conference call at 8:30 a.m.
EDT on Wednesday, October 31, 2018, to announce its third
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 $212 billion of assets under
management across 339 investment vehicles as of September 30,
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 1,625 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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Christopher Ullman |
Phone: +1
(212) 813-4527 |
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Phone: +1 (202) 729-5450 |
daniel.harris@carlyle.com |
|
christopher.ullman@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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