Invesco Ltd.'s (IVZ) CEO Marty Flanagan on Q1 2022 Results - Earnings Call Transcript

Invesco Ltd. (NYSE:IVZ) Q1 2022 Earnings Conference Call April 26, 2022 9:00 AM ET

Company Participants

Marty Flanagan - President and CEO

Allison Dukes - Chief Financial Officer

Conference Call Participants

Brian Bedell - Deutsche Bank

Brennan Hawken - UBS

Glenn Schorr - Evercore

Robert Lee - KBW

Bill Katz - Citigroup

Ken Worthington - JPMorgan

Dan Fannon - Jefferies

Patrick Davitt - Autonomous Research

Michael Cyprys - Morgan Stanley

Unidentified Company Representative

Good morning and thank you all for joining us. As a reminder, this conference call and the related presentation may include forward-looking statements, which reflect management’s expectation about future events and overall operating plans and performance.

These forward-looking statements are made as of today and are not guaranteed. They involve risks, uncertainties and assumptions, and there can be no assurance that actual results will not differ materially from our expectations.

For a discussion of these risks and uncertainties, please see the risks described in our most recent Form 10-K and subsequent filings with the SEC. Invesco makes no obligation to update any forward-looking statement.

We may also discuss non-GAAP financial measures during today’s call. Reconciliations of these non-GAAP financial measures may be found at the end of our earnings presentation.

Operator

Welcome to Invesco’s First Quarter Results Conference Call. All participants will be in a listen-only mode until the question-and-answer session. [Operator Instructions]

This call will last for one hour. To allow more participants to ask questions, only one question and a follow-up can be submitted per participant. Today’s conference is being recorded. If you have any objections, you may disconnect at this time.

Now, I’d like to turn the call over to your speakers for today, Marty Flanagan, President and CEO of Invesco; and Allison Dukes, Chief Financial Officer.

Mr. Flanagan, you may begin.

Marty Flanagan

Thank you very much, Operator, and thanks, everybody, for joining us. And as typically what we do, I will hit some of the highlights, Allison will give more details of the results and then we will open up to Q&A.

So I am going to start on slide three, if you happen to be following along with the deck. Solid business momentum continued during the first three months of the year. We did have net term -- long-term inflows of $17.2 billion in the first quarter. This is the seventh consecutive quarter of net long-term inflows and our annualized organic growth rate in the quarter was 6%, despite the market backdrop we are all experiencing.