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Nicole Brunner | CMO |
Marc Mayer | Chairman, CEO |
Paul Battaglia | CFO |
Good evening. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome everyone to the Manning & Napier First Quarter 2021 Earnings Conference Call.
Our hosts for today's call are Nicole Kingsley Brunner, Chief Marketing Officer; Marc Mayer, Chairman and Chief Executive Officer; and Paul Battaglia, Chief Financial Officer. Today's call is being recorded and will be available for replay beginning at 8:00 PM Eastern today. XXX-XXX-XXXX PIN is number dial-in and XXX-XXXX. enter The have in a this time, mode. placed participants all At listen-only been [Operator Instructions.] over to It the Ms. turn is now my pleasure to floor Nicole Brunner. Kingsley
today you Thank And first everyone to results. discuss for quarter you, XXXX Manning thank joining Angela. Napier's & us
no during the including involve be these begin, made of any forward-looking the cause any Securities to guidance, would update and may Because statements forward-looking materially Act certain implied & I uncertainties, based and obligation statements there statements. to of forward-looking assumes forward-looking results meaning not we important statements from to could remind relating call or Before that Litigation Reform known that responsibility on deemed these within unknown expressed everyone or Manning Private by like risks to statements this historical factors those differ facts, are statements. actual XXXX. financial Napier
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approximately Year-end incentive of year-end XXst. from reported debt. in million were the driver the payments down in cash million Looking at reduction investments no March as we the balance of sheet primary $XX with the cash. $XX
remain shares we of for they treasury Repurchased XXX,XXX share common are following of $X they on until program million stock retired shares $XX announcement our approximately treasury or be sheet and will the repurchase XXst shares as Additionally, in March balance million repurchased our reported A reissued. in Class February.
of million of adjusted Since as to on share million future the expect has majority repurchase approximately the that adjusted option those incentive share XX.X shares issued repurchases program additional by have the attributable the was invest on were the generally We exercises. share however when our five X will XXst. count awards were by course. updates to start And count by in plan shares afore to adjusted share year, mentioned they years. increase increased March of offset as repurchases, our long-term over adjusted reduced
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concludes our for shareholders. We our call. our are today's our excellent dedication thankful to to people and forward and with successes and That clients their future celebrating work team, look
Angela and enquiry. If on Manning now any your website listening your Thank address to to Napier. up. we'll for today, you interest using Relations you. the turn back wrap the you over and our addressed And at questions contact I'll in have & properly Investor enquiries on portal for Thank please call topics the
Thank you, guys.
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