KKR acquires Medicover India to expand healthcare portfolio
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KKR & Co. Inc. beat Q2FY26 estimates with adjusted EPS of $1.63 and revenue of $2.763 billion. Fee Related Earnings surged 37% YoY to $1.2 billion. AUM grew 16% YoY to $796 billion, aided by the acquisition of Arctos Partners. *this image is generated using AI for illustrative purposes only. KKR & Co. Inc. (NYSE: KKR) delivered a strong second-quarter FY26 performance, reporting adjusted earnings per share (EPS) of $1.63 against an analyst estimate of $1.41. The firm's revenue of $2.763 billion exceeded the consensus estimate of $2.569 billion, driven by robust monetization and record new capital inflows over the past 12 months. Co-CEOs Joseph Y. Bae and Scott C. Nuttall attributed the results to strong capital returns to clients, which supported the company's highest-ever monetization quarter. The financial strength was underpinned by significant growth in key earnings metrics. Fee Related Earnings (FRE) rose 37% year over year to $1.2 billion, while Total Operating Earnings (TOE) increased 29% year over year to $1.5 billion. In addition to the earnings beat, the Board declared a regular quarterly dividend of $0.195 per share of common stock. Assets under management (AUM) grew 16% year over year to $796 billion, with fee-paying assets under management (FPAUM) rising 15% year over year to $638 billion. The firm raised $34 billion of new capital during the quarter and...
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