Sculptor Capital Management, Inc. (NYSE:SCU) Q2 2022 Earnings Conference Call August 3, 2022 10:00 AM ET
Company Participants
Ellen Conti - Head, Corporate Strategy
Jimmy Levin - Chief Investment Officer & Chief Executive Officer
Dava Ritchea - Chief Financial Officer
Wayne Cohen - President & Chief Operating Officer
Conference Call Participants
Gerry O'Hara - Jefferies
Patrick Davitt - Autonomous Research
Operator
Good morning, everyone, and welcome to Sculpture Capital Second Quarter of 2022 Earnings Conference Call. At this time, all participants in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded.
I would now like to introduce your host for today's conference, Ellen Conti, Head of Corporate Strategy at Sculptor Capital. Please proceed.
Ellen Conti
Thanks Maria. Good morning, everyone, and welcome to our call. Joining me are Jimmy Levin, our Chief Investment Officer and Chief Executive Officer; Wayne Cohen, our President and Chief Operating Officer; and Dava Ritchea, our Chief Financial Officer.
Today's call contains forward-looking statements, many of which are inherently uncertain and outside of our control. Before we get started, I need to remind you that Sculpture Capital's actual results may differ, possibly materially, from those indicated in these forward-looking statements.
Please refer to our most recent SEC filings for a description of the risk factors that could affect our financial results, our business, and other matters related to these statements. The company does not undertake any obligation to publicly update any forward-looking statements.
During today's call, we will be referring to economic income, distributable earnings, and other financials that are not prepared in accordance with US GAAP. Information about and reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are available in our earnings release, which is posted on our website. No statements made during this call should be construed as an offer to purchase shares of the company or an interest in any of our funds or any other entities.
Today, we reported a GAAP net income of $8.1 million for the second quarter of 2022 or $0.32 per basic and $0.89 per diluted Class A share. Our distributable earnings were $32 million for the second quarter or $0.55 per fully diluted share. Additionally, we declared a cash dividend of $0.13 per Class A share. All earnings metrics discussed by both Jimmy and Dava will be on our non-GAAP economic income and distributable earnings metrics.