The Carlyle Group Announces First Quarter 2019 Financial Results
May 01 2019 - 6:30AM
Global investment firm The Carlyle Group L.P. (NASDAQ: CG)
today reported its unaudited results for the first quarter ended
March 31, 2019.
U.S. GAAP results for Q1 2019 included income
before provision for income taxes of $470 million, an increase of
275% from Q1 2018, and net income attributable to The Carlyle Group
L.P. common unitholders of $137 million, or net income per common
unit of $1.18, on a diluted basis. U.S. GAAP results for the
twelve months ended March 31, 2019 included income before
provision for income taxes of $705 million and net income
attributable to The Carlyle Group L.P. common unitholders of $196
million. Total balance sheet assets were $12 billion as of
March 31, 2019.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin
said, “Carlyle’s strong momentum continues with first quarter Fee
Related Earnings up more than 250% from a year ago and solid
investment performance driving Net Accrued Performance Revenues
above $1.8 billion. In addition, we are pleased with the progress
of our growth initiatives as Fee-earning AUM increased by 27% to a
record $160 billion over the last twelve months.”
In addition to this release, Carlyle issued a
full detailed presentation of its first quarter 2019 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 $0.19 per common unit to holders of record at the
close of business on May 13, 2019, payable on May 21, 2019.
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, 2019,
payable on June 17, 2019.
Conference Call
Carlyle will host a conference call at 8:30 a.m.
EDT on Wednesday, May 1, 2019, to announce its first quarter
2019 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
investment firm with deep industry expertise that deploys private
capital across four business segments: Corporate Private Equity,
Real Assets, Global Credit and Investment Solutions. With $222
billion of assets under management as of March 31, 2019,
Carlyle’s purpose is to invest wisely and create value on behalf of
its investors, portfolio companies and the communities in which we
live and invest. The Carlyle Group employs more than 1,725 people
in 33 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, 2018 filed
with the SEC on February 13, 2019, 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 |
Media |
Daniel Harris |
Elizabeth Gill |
Phone: +1 (212)
813-4527 |
Phone: +1 (202)
729-5385 |
daniel.harris@carlyle.com |
elizabeth.gill@carlyle.com |
|
|
Web:
www.carlyle.com |
|
Videos:
www.youtube.com/onecarlyle |
|
Tweets:
www.twitter.com/onecarlyle |
|
Podcasts:
www.carlyle.com/illuminate-commentary/podcasts |
Carlyle (NASDAQ:CG)
Historical Stock Chart
From Aug 2024 to Sep 2024
Carlyle (NASDAQ:CG)
Historical Stock Chart
From Sep 2023 to Sep 2024