Envestnet, Inc. (NYSE:ENV) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET
Company Participants
Pete D'Arrigo - Chief Financial Officer
Bill Crager - Chief Executive Officer
Conference Call Participants
Michael Cho - JPMorgan
Devin Ryan - JMP Security
Pete Heckmann - DA Davidson
Surinder Thind - Jefferies
Operator
Greetings, and welcome to the Envestnet Second Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question and answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.
It is now my pleasure to introduce your host, Mr. Pete D'Arrigo, CFO. Mr. D'Arrigo, you may begin.
Pete D'Arrigo
Good afternoon, everyone. Thank you for joining us on today's second quarter 2023 earnings call. Before we begin, I'd like to point out that our Earnings Press Release Supplemental Presentation and Associated Form 10-Q can be found under the Investor Relations section of our website at Envestnet.com. This call is being webcast live, and a replay will be available for one month under the Investor Relations section of our website as well.
During the call, we will be discussing certain forward-looking information. This information is based on our current expectations and is not a guarantee of future performance. I encourage you to review the cautionary statements on slides 2 and 3 of the supplemental presentation for the potential risks, uncertainties, and other factors that could cause actual results to differ from those expressed by the forward-looking statements. Further information can be found in our regular SEC filings.
During this call, we will be referring to certain non-GAAP financial measures. Please refer to the appendix in our supplemental presentation for a reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures.
Joining me on today's call is Bill Crager, Envestnet 's Chief Executive Officer. Bill and I will provide a company update as well as an overview of the company's second quarter 2023 results. After our prepared remarks, we will open the call to questions. During the Q&A, please limit yourself to one question plus one follow-up. You may get back into the queue if you have additional questions.
With that, I will turn the call over to Bill.
Bill Crager
Thank you, Pete, and thank you everyone for joining us tonight. That is executing on its strategic plan that creates differentiated value for our customers and will continue to drive long-term value for our shareholders with industry-leading scale and operating efficiency. We're on the path we set forth for driving sustained revenue growth and margin expansion. In the second quarter, we posted adjusted revenue of $312.5 million, adjusted EBITDA of $57.8 million, and adjusted EPS of $0.46