CARLYLE GROUP Reports Earnings Results for Third Quarter of 2023 Fiscal Year
November 23, 2023
🌥️Earnings Overview
CARLYLE GROUP ($NASDAQ:CG) reported financial results for the third quarter of fiscal year 2023, ending September 30, 2023, with total revenue of USD 627.3 million, representing a 22.9% decrease compared to the corresponding quarter of the prior year. Net income for the quarter was USD 81.3 million, a decrease of 71.0% from the same period in the previous year.
Market Price
The stock opened at $28.5 and closed at $29.4, marking an increase of 1.6% from the prior closing price of 28.9. This increase in stock price indicates that the CARLYLE GROUP is performing well and investors are confident in their future performance. This enhanced asset management signals strong future success for the company.
Overall, the CARLYLE GROUP has reported a successful quarter, and investors seem to be responding positively to their current earnings results. With a strong asset management portfolio and a steadily increasing stock price, it looks as though the CARLYLE GROUP is well-positioned to continue its successful run in the coming months and years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carlyle Group. More…
| Total Revenues | Net Income | Net Margin |
| 2.35k | 210.8 | 9.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carlyle Group. More…
| Operations | Investing | Financing |
| -170 | -50.1 | 78.5 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carlyle Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 20.96k | 14.45k | 16.41 |
Key Ratios Snapshot
Some of the financial key ratios for Carlyle Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 25.5% | – | – |
| FCF Margin | ROE | ROA |
| -10.0% | 4.3% | 1.2% |
Analysis
At GoodWhale, we conducted an analysis of CARLYLE GROUP‘s finances in order to assess their financial health. Our Star Chart score revealed a low health score of 2/10, which suggests they are less likely to safely ride out any crisis without the risk of bankruptcy. Based on this assessment, we classified CARLYLE GROUP as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We also examined the company’s financials in order to gain insight into what type of investors may be interested in CARLYLE GROUP. Our analysis revealed that CARLYLE GROUP is strong in dividend, medium in growth, and weak in assets and profitability. As such, investors who are seeking a portfolio with strong dividends and steady growth, but are not expecting high returns from assets and profitability, may be interested in investing in CARLYLE GROUP. More…
Peers
Carlyle’s purpose is to invest wisely and generate superior returns for our investors. Carlyle has a track record of successful investments across multiple asset classes, industries and geographies. Carlyle’s competitive advantages include: (1) A deep and experienced management team with an average of 26 years of investment experience; (2) A global footprint with approximately 1,800 employees in 31 offices across six continents; (3) Strong relationships with corporate executives, government officials and other key decision-makers around the world; and (4) A commitment to being a responsible steward of capital.
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Blackstone is an alternative asset manager and financial services firm. The company has a market cap of $62.59 billion as of 2022. Blackstone specializes in private equity, real estate, and hedge fund investments. The company has over $600 billion in assets under management. Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman.
– Franklin Resources Inc ($NYSE:BEN)
Franklin Resources Inc. is an investment management company that provides investment products and services to individuals, families, institutions, and financial intermediaries. The company has a market cap of $10.83 billion and a return on equity of 12.45%. The company’s products and services include mutual funds, institutional separate accounts, and private equity and venture capital funds. Franklin Resources Inc. was founded in 1947 and is headquartered in San Mateo, California.
– KKR & Co Inc ($NYSE:KKR)
KKR & Co Inc is a leading global investment firm that offers a wide range of investment strategies. They have a market cap of 38.62B as of 2022 and a Return on Equity of 17.48%. The company has a long history of success and is a trusted name in the industry. They offer a variety of services including private equity, credit, and real estate.
Summary
Investors should take note of CARLYLE GROUP‘s third quarter earnings results, ending September 30, 2023. Total revenue decreased 22.9% compared to the same period last year, resulting in net income of USD 81.3 million, a decrease of 71.0%. This is a significant drop in profitability and investors should weigh the risks and potential returns before investing in this stock.
However, CARLYLE GROUP remains an attractive long-term investment opportunity, given its strong track record and robust financials. Investors should also keep an eye on management’s strategy and execution going forward to ensure that they are making a prudent decision when investing in this company.
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