The Carlyle Group Announces Fourth Quarter and Full Year 2019 Financial Results
February 05 2020 - 6:30AM
Global investment firm The Carlyle Group Inc. (NASDAQ: CG) today
reported its unaudited results for the fourth quarter and full year
ended December 31, 2019. The full detailed presentation of
Carlyle's fourth quarter and full year 2019 results can be viewed
on the investor relations section of our website at ir.carlyle.com.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin
said, “Carlyle had a great 2019, delivering strong results and
reaching key milestones around our most important priorities. With
our best in class corporate conversion complete, we are more
shareholder friendly and excited to keep our operating momentum
going. The combination of our people and strong global platform
positions us well to execute on a clear set of priorities and drive
positive impact for all stakeholders.”
U.S. GAAP results for Q4 2019 and 2019 included
income (loss) before provision for income taxes of $(40) million
and $1,233 million, and net income (loss) attributable to The
Carlyle Group Inc. common stockholders of $(8) million and $345
million, or net income (loss) per common share of $(0.08) and
$2.82, on a diluted basis. Total balance sheet assets were
$14 billion as of December 31, 2019.
Dividends
The Board of Directors has declared a quarterly
dividend of $0.25 per common share to holders of record at the
close of business on February 18, 2020, payable on
February 25, 2020. For full year 2019, the Board of Directors
declared $1.18 in aggregate distributions to common
stockholders.
Conference Call
Carlyle will host a conference call at 8:30 a.m.
EST on Wednesday, February 5, 2020, to announce its fourth quarter
and full year 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 $224
billion of assets under management as of December 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 1,775 people
in 32 offices across six continents. Further information is
available at www.carlyle.com. Follow The Carlyle Group on
Twitter @OneCarlyle.
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 dividend policy, our expected future
dividend policy, the anticipated benefits from converting to a
corporation 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.
Carlyle's Conversion to a Corporation
On January 1, 2020, we completed our conversion from a Delaware
limited partnership named The Carlyle Group L.P. into a Delaware
corporation named The Carlyle Group Inc. Unless the context
suggests otherwise, references in this report to “Carlyle”, the
“Company”, “we”, “us”, and “our” refer (i) prior to the
consummation of the conversion, to The Carlyle Group L.P. and its
consolidated subsidiaries and (ii) from and after the consummation
of the conversion, to The Carlyle Group Inc. and its consolidated
subsidiaries. References to our common stock in periods prior to
the conversion refer to the common units of The Carlyle Group
L.P. References to our dividends in periods prior to the
conversion refer to the distributions of The Carlyle Group L.P.
Contacts:
Public Market Investor
Relations |
|
Media |
|
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Daniel Harris |
|
Leigh Farris |
OR |
Brittany Berliner |
Phone: +1 (212) 813-4527 |
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Phone: +1 (212) 813-4815 |
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Phone: +1 (212) 813-4839 |
daniel.harris@carlyle.com |
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leigh.farris@carlyle.com |
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brittany.berliner@carlyle.com |
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