Carlyle Group Reports Third Quarter Earnings

CG stock dipped 0.87% on Thursday

Carlyle Group third-quarter earnings arrived on Thursday. In a statement, the global investment giant released its unaudited results for the period ending September 30, 2019.

U.S. GAAP results for Q3 2019 included income before provision for income taxes of $261 million. The firm said that net income attributable to Carlyle Group common unitholders was $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 common unitholders of $338 million.

Total balance sheet assets were $14 billion as of September 30, 2019.

Carlyle Group Third Quarter Earnings Reaction

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.”

In addition to this release, the firm issued a full detailed presentation of Carlyle Group third-quarter earnings 2019 results. Read it, right here. the Board of Directors also declared a quarterly distribution of $0.31 per common unit to holders of record at the close of business on November 12, 2019. Further, this will be paid on November 19, 2019. The company hosted its conference call on Thursday morning.

Finally, we will return with additional coverage on the earnings report on Friday.

[Related: KKR & Co Reports 23% Drop in Quarterly Profits]

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