Artio Global Investors Reports Fourth Quarter And Full Year 2012 Results

Artio Global Investors Inc. (NYSE: ART) (“Artio Global Investors,” together with its subsidiaries, “Artio Global” or the “Company”) today reported its results for the quarter and year ended December 31, 2012.

Financial Update
  • Adjusted 1 net income attributable to Artio Global Investors of $1.5 million, or $0.02 per diluted share, for the fourth quarter of 2012 (GAAP net loss attributable to Artio Global Investors of $1.5 million, or $0.03 per diluted share)
  • Assets under management of $14.3 billion as of December 31, 2012
  • Investment management fees of $20.5 million for the fourth quarter of 2012 and $123.1 million for full year 2012
  • Effective fee rate 2 of 51.1 basis points for the fourth quarter of 2012
  • Adjusted EBITDA of $0.9 million for the fourth quarter of 2012 and $26.0 million for full year 2012

Fourth quarter 2012 adjusted results are presented to provide a more meaningful comparison between periods and exclude the after-tax impact of certain items, including, but not limited to compensation and general and administrative costs associated with organizational changes.

For the fourth quarter of 2012, adjusted net income attributable to Artio Global Investors was $1.5 million, or $0.02 per diluted share, a decrease of 61% and 71%, respectively, from adjusted net income attributable to Artio Global Investors of $3.9 million, or $0.07 per diluted share, for the third quarter of 2012, and a decrease of 85% and 88%, respectively, from adjusted net income attributable to Artio Global Investors of $10.0 million, or $0.17 per diluted share, for the fourth quarter of 2011.

On a GAAP basis, net loss attributable to Artio Global Investors for the fourth quarter of 2012 was $1.5 million, or $0.03 per diluted share, as compared to a net loss attributable to Artio Global Investors of $52.1 million, or $0.87 per diluted share, for the third quarter of 2012, and a decrease from net income attributable to Artio Global Investors of $8.3 million, or $0.14 per diluted share, for the fourth quarter of 2011.

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