as Thanks, fourth Capital's and by Policarpo, to I'll our Matt. President, joined of start our Investor and quarter Relations. Director XXXX Officer, as welcome morning Financial today Good call. I'm Chief of Michael well off Victory Chief Staff Matt Dennis, and earnings Administrative overview turn the Mike will and our for detail. greater an review THB financial of quarter I as an as business to overview year of update providing by pending Then results in acquisition. XXXX it well over the will full the our who
Capital to remarks, Following Victory I with The XXXX questions. take available of overview breaking Matt metrics. business a our on financial be number Mike, X. ended prepared will performance record begins slide and across
year a up the also in $X.XX quarterly remained fourth performance Adjusted XX% EBITDA December and management one, of AUM XX, the Long benchmarks per adjusted to challenging $XXX.X respective performing record environment. of the assets at under of Investment ended to billion ended momentum. September year third over increased AUM in increase earnings share. new $XXX.X with very relative XX. a Our long of XXXX. rose flows increased the record strong Firm from $X.X with That’s quarter-over-quarter XX% quarter billion. XX% strong during well XX. of periods X% quarter ended operating wide business term five perfomed to XX% resulting margin We billion. three with to XXXX the growth year an out December term We
We saw quarters in three of net in substancial fourth relative improvement also to our year. the first flow the quarter the picture
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Turning to slide XXXX. X, we’ll step back and picture full review the for
time term We XXXX, record term ending net AUM benefit with a record and from improvement per $X.XX XX% to year marked navigated business same debt in in to dividend million we of adjusted in while and the long $XXX We the strength, year, we've and dividend income long yesterday, increased up million business saw record progressed. environment. $XX.X shareholders of EBITDA of reflecting gross the by even addition with XX%. a efficiency In we quarterly diluted flexibility $X.XX uncertain by market model, tax reduced cash margin share the at flows and flows, year our over a net the with latest as declared XX% record our Adjusted returning was as very XXXX. course the the had the
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to Mike results review our it financial more Now, I'll in to turn over detail.
