Q3 2024 CI Financial Corp Earnings Call Transcript

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Nov 14, 2024

Nov 14, 2024 / 02:00PM GMT
Operator

Hello, everyone, and welcome to the CI Financial Q3 2024 Earnings Call. My name is Nadia, I'll be coordinating the call today. (Operator Instructions)

I will now hand over to your host, Kurt MacAlpine, CEO, to begin. Kurt, please go ahead.

Kurt MacAlpine - CI Financial Corp - Chief Executive Officer, Director

Good morning, everyone, and welcome to CI Financial's third quarter earnings call. Joining me is our CFO, Amit Muni. Together, we will cover the following: an overview of the highlights of the quarter, a review of our financial performance during the quarter, a discussion of strategic progress across our operating segments, then we will take your questions.

CI Financial reported strong third quarter results with records across several key metrics. Adjusted EPS grew 8% sequentially to a record $0.97, reflecting top-line growth, well-controlled SG&A, and a lower share count, partially offset by higher interest costs. Adjusted EBITDA per share attributable to shareholders increased 10% from Q2 to a record of $1.85 per share, while free

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