KKR & Co

Financial | Asset Management | USA
KKR reports 23.5 pct rise in fourth-quarter earnings

NEW YORK, Feb 1 (Reuters) - Private equity firm KKR & Co Inc reported a 23.5 percent year-on-year rise in distributable earnings on Friday, as it sold down stakes in industrial machinery maker Gardner Denver Holdings Inc and optical retailer National Vision.

After-tax distributable earnings (DE) - the cash available for paying dividends - totaled $460.1 million for the last three months of 2018, up from $372.6 million a year earlier, KKR said.

This bucked the trend set on Thursday by private equity rivals Apollo Global Management LLC and Blackstone Group LP, which reported year-on-year drops of 20.4 percent and 42 percent, respectively, in DE.

KKR said DE per share came in at 55 cents for the quarter, up from 45 cents a year earlier. Jefferies analysts, who rate KKR's stock "buy", said the earnings were ahead of market consensus for 49 cents per share, supported by transaction fees and performance income.

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https://finance.yahoo.com/news/kkr-repor...44446.html

KKR & Co. Inc. Reports First Quarter 2019 Results


KKR's first-quarter results stood in stark contrast to the mixed numbers it gave three months ago. Segment revenue, which is arguably the best indicator of performance for the business as a whole, jumped 25% to $850 million, which was stronger than the growth rate that most investors were prepared to see. After-tax distributable net income rose 33% to $314.1 million, and that produced distributable earnings of $0.38 per share, topping the consensus forecast among those following the stock for $0.37 per share.

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https://finance.yahoo.com/news/kkr-gets-...00546.html

KKR shares dip after profit falls, but firm beats analyst view

KKR & Co. Inc. KKR,  shares fell 4% in premarket trades on Tuesday after the private equity firm said its fourth-quarter profit fell to $507.56 million, or 82 cents a share, from $1.48 billion, or $2.46 a share, in the year-ago quarter. Adjusted profit was $1.59 a share. Analysts expected KKR to earn $1.21 a share on revenue of $2.05 billion, according to a survey by FactSet. Revenue, meanwhile, doubled to $4.05 billion from $2.01 billion. Expenses nearly tripled to $3.15 billion from $1.18 billion, while total investment income declined to $122.3 million from just under $4 billion. Net income for full year 2021 more than doubled to $4.56 billion from $1.95 billion. The firm ended the year with $471 billion of assets under management, up 87% over the year-ago period.

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https://www.marketwatch.com/story/kkr-sh...eid=yhoof2