Company: CNS
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001284812-25-000299
Chunk: 100

Company: COHEN & STEERS, INC.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 2
Chunk 100
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 income tax rate23.1 %24.4 %

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*    Percentage rounds to less than 0.1%.

28

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

Management believes that use of the following as adjusted (non-GAAP) financial results provides greater transparency into the Company’s operating performance. In addition, these as adjusted financial results are used to prepare the Company's internal management reports which are used in evaluating its business. While management believes that these as adjusted financial results are useful in evaluating operating performance, this information should be considered as supplemental in nature and not as a substitute for the related financial information prepared in accordance with U.S. GAAP.

Net Income Attributable to Common Stockholders and Diluted Earnings per ShareThree Months Ended September 30,Nine Months Ended September 30,(in thousands, except per share data)2025202420252024Net income attributable to common stockholders, U.S. GAAP$41,711 $39,668 $118,338 $105,443 Seed investments—net (1)(1,320)(3,458)(4,893)(4,545)Accelerated vesting of restricted stock units1,142 2,336 3,346 7,043 Lease transition and other costs - 280 Park Avenue (2)— — — 807 Fund launch and rights offering costs (3) 650 — 650 — Other non-recurring expenses (4)— — 616 1,196 Foreign currency exchange (gain) loss—net (5)(677)2,191 3,034 1,765 Tax effects of adjustments above(132)(1,102)(789)(2,647)Tax effects of discrete tax items (6)346 71 (2,905)(171)Net income attributable to common stockholders, as adjusted$41,720 $39,706 $117,397 $108,891 Diluted weighted average shares outstanding51,572 51,428 51,488 50,681 Diluted earnings per share, U.S. GAAP$0.81 $0.77 $2.30 $2.08 Seed investments—net (1)(0.03)(0.07)(0.10)(0.09)Accelerated vesting of restricted stock units0.02 0.05