The Carlyle Group Reports Third Quarter 2019 Financial Results
October 31 2019 - 6:30AM
Global investment firm The Carlyle Group L.P. (NASDAQ: CG) today
reported its unaudited results for the third quarter ended
September 30, 2019.
Carlyle Co-CEOs Kewsong Lee and Glenn Youngkin
said, “We have solid operating momentum across our business and are
delivering on the strategic priorities we set at the beginning of
the year. While the investment environment remains challenging, our
global platform and industry sector-driven approach positions us
well to drive performance. Our announced conversion is on track,
and we’re encouraged by the feedback and uptick in investor
interest from existing and new shareholders.”
U.S. GAAP results for Q3 2019 included income
before provision for income taxes of $261 million and net income
attributable to The Carlyle Group L.P. common unitholders of $68
million, or net income per common unit of $0.55, on a diluted
basis. U.S. GAAP results for the twelve months ended
September 30, 2019 included income before provision for income
taxes of $1,195 million and net income attributable to The Carlyle
Group L.P. common unitholders of $338 million. Total balance sheet
assets were $14 billion as of September 30, 2019.
In addition to this release, Carlyle issued a
full detailed presentation of its third quarter 2019 results, which
can be viewed on the investor relations section of our website at
ir.carlyle.com.
Distribution
The Board of Directors has declared a quarterly
distribution of $0.31 per common unit to holders of record at the
close of business on November 12, 2019, payable on
November 19, 2019.
Conference Call
Carlyle will host a conference call at 8:30 a.m. EDT on
Thursday, October 31, 2019, to announce its third quarter 2019
financial results. You can listen to the call by dialing +1
(800) 850-2903 (U.S.) or +1 (253) 237-1169
(international) and referencing “The Carlyle Group Financial
Results Call.” The call will be webcast live on Carlyle's investor
relations website and a replay will be available on our website
soon after the 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 September 30, 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 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, 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.
Contacts:
Public Market Investor Relations |
Media |
Daniel Harris |
Leigh Farris |
+1 (212) 813-4527 |
+1 (212) 813-4815 |
daniel.harris@carlyle.com |
leigh.farris@carlyle.com |
Web: www.carlyle.comVideos: www.youtube.com/onecarlyleTweets:
www.twitter.com/onecarlylePodcasts:
www.carlyle.com/global-insights/podcasts
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