Invesco Ltd. (NYSE:IVZ) Q3 2024 Earnings Conference Call October 22, 2024 9:00 AM ET

Company Participants

Gregory Ketron - Head of IR
Andrew Schlossberg - President & CEO, Invesco Ltd. (USA)
Allison Dukes - Senior Managing Director & CFO

Conference Call Participants

Brennan Hawken - UBS
Daniel Fannon - Jefferies
William Katz - TD Cowen
Glenn Schorr - Evercore ISI
Craig Siegenthaler - Bank of America
Alexander Blostein - Goldman Sachs
Benjamin Budish - Barclays
Michael Cyprys - Morgan Stanley
Brian Bedell - Deutsche Bank
Patrick Davitt - Autonomous Research

Operator

Good morning, and welcome to Invesco's Third Quarter Earnings Conference Call. All participants will be in a listen-only mode, until the question-and-answer session. [Operator Instructions] This call will last 1 hour. To allow more participants to ask questions, one question and a follow-up can be submitted per participant. As a reminder, today's call is being recorded.

Now I'd like to turn the call over to Greg Ketron, Invesco's Head of Investor Relations. Sir, you may begin.

Gregory Ketron

All right. Thanks, Cedric, and to all of you joining us on Invesco's quarterly earnings call. In addition to today's press release, we have provided a presentation that covers the topics we plan to address. The press release and presentation are available on our website at invesco.com. This information can be found by going to the Investor Relations section of the website.

Our presentation today will include forward-looking statements and certain non-GAAP financial measures. Please review the disclosures on Slide 2 of the presentation regarding these statements and measures as well as the appendix for the appropriate reconciliations to GAAP.

Finally, Invesco is not responsible for and does not edit nor guarantee the accuracy of our earnings teleconference transcripts provided by third-parties. The only authorized webcasts are located on our website. Andrew Schlossberg, President and CEO; and Allison Dukes, Chief Financial Officer, will present our results this morning, and then, we'll open up the call for questions.

I'll now turn the call over to Andrew.

Andrew Schlossberg

Thanks, Greg, and good morning, everyone. I'm pleased to be speaking with you today. We continued our positive momentum this quarter, executing across several strategically important areas of our business and finishing this quarter with record long-term AUM, continued robust net long-term inflows, improved operating leverage, a stronger balance sheet and higher return of capital to shareholders.

We achieved this despite continued volatility globally. U.S. markets ended the quarter with strong equity returns even though we saw high intra-quarter market fluctuation as ongoing geopolitical concerns, coupled with mixed signals drove cautious investor sentiment.