Patria Investments reports Q4 distriubtable EPS 47c, consensus 37c

CEO Alex Saigh said: “I’m very pleased with the performance we delivered in the 4th quarter and the full year 2023. We generated Fee Related Earnings of $148M for the year, up 14% from 2022, and added $47M of Performance Related Earnings. Together, that resulted in Distributable Earnings of $188 million for 2023, or $1.26 per share, which translates to EPS growth of 26% year-over-year for our shareholders. We continue to grow and diversify our platform, and based on our progress in 2023, we are even more confident in our path to deliver the multi-year targets shared at our 2022 Investor Day. I’m very proud of what we’ve accomplished in the three years since our IPO and excited for the opportunities ahead of us.”