VINCI PARTNERS REPORTS SECOND QUARTER 2024 EARNINGS RESULTS
Rhea-AI Summary
Vinci Partners Investments (NASDAQ: VINP) reported strong second quarter 2024 earnings results, with Fee Related Earnings up 24% year-over-year on a per share basis. The company's CEO, Alessandro Horta, attributed this growth to exceptional fundraising performance across Private Market strategies, particularly in the Private Equity division. Vinci Partners declared a quarterly dividend of US$0.17 per share, payable on September 05, 2024, to shareholders of record as of August 21, 2024.
Financial highlights include Fee Related Earnings of R$61.9 million (R$1.16 per common share) and Adjusted Distributable Earnings of R$58.4 million (R$1.10 per common share) for Q2 2024. The company has made its detailed earnings release and presentation available on its investor relations website.
Positive
- Fee Related Earnings increased by 24% year-over-year on a per share basis
- Strong fundraising performance across Private Market strategies, especially in Private Equity
- Quarterly dividend of US$0.17 per share declared
Negative
- None.
News Market Reaction – VINP
On the day this news was published, VINP gained 0.99%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vinci Partners has issued a complete earnings release and a detailed presentation in the 'Quarterly Earnings' section of the company's website at: https://ir.vincipartners.com/financials/quarterly-results/
Alessandro Horta, Chief Executive Officer stated, "Vinci posted another quarter with double digit growth in Fee Related Earnings, up
Dividends
Vinci Partners has declared a quarterly dividend of
Financial Highlights
Vinci Partners posted Fee Related Earnings of
Webcast and Earnings Conference Call
Webcast can be accessed by clicking here. For those unable to listen to the live broadcast, there will be a webcast replay on the same section of the website.
To access the conference call through dial in, please register at 2Q24 VINP Earnings Dial In to obtain the conference number and access code.
About Vinci Partners
Vinci Partners is a leading alternative investment platform in
Forward-Looking Statements
This press release contains forward-looking statements that can be identified by the use of words such as "anticipate," "believe," "could," "expect," "should," "plan," "intend," "estimate" and "potential," among others. By their nature, forward-looking statements are necessarily subject to a high degree of uncertainty and involve known and unknown risks, uncertainties, assumptions and other factors because they relate to events and depend on circumstances that will occur in the future whether or not outside of our control. Such factors may cause actual results, performance or developments to differ materially from those expressed or implied by such forward-looking statements and there can be no assurance that such forward-looking statements will prove to be correct. The forward-looking statements included herein speak only as at the date of this press release and we do not undertake any obligation to update these forward-looking statements. Past performance does not guarantee or predict future performance. Moreover, neither we nor our affiliates, officers, employees and agents undertake any obligation to review, update or confirm expectations or estimates or to release any revisions to any forward-looking statements to reflect events that occur or circumstances that arise in relation to the content of this press release. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the
Kate Thompson
Joele Frank, Wilkinson Brimmer Katcher
+1 (212) 355-4449
Brazil Media Contact
Danthi Comunicações
Carla Azevedo (carla@danthicomunicacoes.com.br)
+55 (21) 3114-0779
Investor Contact
ShareholderRelations@vincipartners.com
NY: +1 (646) 559-8040
RJ: +55 (21) 2159-6240
View original content:https://www.prnewswire.com/news-releases/vinci-partners-reports-second-quarter-2024-earnings-results-302217133.html
SOURCE Vinci Partners Investments Ltd.
FAQ
What were Vinci Partners' (VINP) Fee Related Earnings for Q2 2024?
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