Company: CNS
Filing Date: 2025-08-01
Form Type: 10-Q
Source: 0001284812-25-000255
Chunk: 42

Company: COHEN & STEERS, INC.
Filing Date: 2025-08-01
Form: 10-Q
Item: Item 1
Chunk 42
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.06)— *Diluted earnings per share, as adjusted $0.73 $0.68 $1.47 $1.38 

_________________________

*    Amounts round to less than $0.01 per share.

(1)Represents the impact of consolidated funds and the net effect of corporate seed investment performance.

(2)Represents the impact of lease and other expenses related to the Company's prior headquarters, for which the lease expired in January 2024. 

(3)Represents reimbursement of filing fees paid by certain members of senior leadership for the six months ended June 30, 2025, and the impact of incremental expenses associated with the separation of certain employees for the three and six months ended June 30, 2024.

(4)Represents net foreign currency exchange (gain) loss associated with U.S. dollar-denominated assets held by certain foreign subsidiaries.

(5)Includes excess tax benefits related to the vesting and delivery of restricted stock units and unrecognized tax benefit adjustments.

28

Reconciliations of U.S. GAAP to As Adjusted Financial Results

Revenue, Expenses, Operating Income and Operating MarginThree Months Ended June 30,Six Months Ended June 30,(in thousands, except percentages)2025202420252024Revenue, U.S. GAAP$136,126$121,721$270,593$244,431Fund related amounts (1)(806)267(1,483)501Revenue, as adjusted$135,320$121,988$269,110$244,932Expenses, U.S. GAAP$92,799$83,319$182,068$165,764Fund related amounts (1)(1,102)(181)(2,042)(356)Accelerated vesting of restricted stock units(1,835)(2,496)(2,204)(4,707)Lease transition and other costs - 280 Park Avenue (2)———(807)Other non-recurring expenses (3)—(1,196)(616)(1,196)Expenses, as adjusted$89,862$79,446$177,206$158,698Operating income, U.S. GAAP$43,327$38,402$88,525$78,667Fund related amounts (1)296448559857Accelerated vesting of restricted stock units1,8352,4962,2044,707Lease transition and other costs