Invesco Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Year 2017
For the year, on GAAP basis, the company reported operating revenues of $4,734.4 million against $5,122.9 million a year ago. Operating income was $1,176.4 million against $1,358.4 million a year ago. Net income attributable to the company was $854.2 million or $2.06 per basic and diluted share against $968.1 million or $2.26 per basic and diluted share a year ago. Income before income taxes was $1,206.6 million against $1,362.1 million a year ago. On adjusted basis, the company reported net revenues of $3,393.2 million against $3,643.2 million a year ago. Operating income was $1,312.8 million against $1,493.7 million a year ago. Net income attributable to the company was $924.1 million or $2.23 per diluted share against $1,048.7 million or $2.44 per diluted share a year ago.
For the year 2017, the company believes that its tax rate should stand at roughly 27%, which then brings the company adjusted EPS of $0.59 and the adjusted net operating margin of 38.9%.