Manning Napier, Inc. Reports Second Quarter 2022 Earnings Results
FAIRPORT, N.Y. , Aug. 9, 2022 |PRNewswire| -- Manning Napier, Inc. (NYSE: MN ) , ("Manning Napier" or the "Company") today reported 2022 second quarter results for the period ended June 30, 2022. "Broad and significant declines across capital markets globally continued in the second quarter, pressuring revenues and causing mark-to-market declines in securities held on the balance sheet," commented Marc Mayer , Chairman of the Board and Chief Executive Officer of Manning Napier. "We are managing our expenses thoughtfully and we are entirely focused on delivering excellent results and superior service for our clients." Mr. Mayer added, "We are progressing toward the completion of our previously announced process of going private and being acquired by Callodine Group, and we look forward to embarking on this next phase at Manning Napier." Second Quarter 2022 Financial Review Manning Napier reported second quarter 2022 revenue of $33.8 million , a decrease of 6% from revenue of $36.1 million reported in the second quarter of 2021, and a decrease of approximately $1.8 million , or 5%, from revenue of $35.5 million reported in the first quarter of 2022.
Manning Napier, Inc. Reports Second Quarter 2022 Earnings Results
FAIRPORT, N.Y. , Aug. 9, 2022 |PRNewswire| -- Manning Napier, Inc. (NYSE: MN ) , ("Manning Napier" or the "Company") today reported 2022 second quarter results for the period ended June 30, 2022. "Broad and significant declines across capital markets globally continued in the second quarter, pressuring revenues and causing mark-to-market declines in securities held on the balance sheet," commented Marc Mayer , Chairman of the Board and Chief Executive Officer of Manning Napier. "We are managing our expenses thoughtfully and we are entirely focused on delivering excellent results and superior service for our clients." Mr. Mayer added, "We are progressing toward the completion of our previously announced process of going private and being acquired by Callodine Group, and we look forward to embarking on this next phase at Manning Napier." Second Quarter 2022 Financial Review Manning Napier reported second quarter 2022 revenue of $33.8 million , a decrease of 6% from revenue of $36.1 million reported in the second quarter of 2021, and a decrease of approximately $1.8 million , or 5%, from revenue of $35.5 million reported in the first quarter of 2022.