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Stock impact report

Patria Reports Fourth Quarter & Full Year 2023 Earnings Results

Patria Investments Limited - Class A Common Shares (PAX) 
Company Research Source: GlobeNewswire
GRAND CAYMAN, Cayman Islands, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Patria (Nasdaq:PAX) reported today its unaudited results for the fourth quarter and full year ended December 31, 2023. The full detailed presentation of Patria's fourth quarter and full year 2023 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/. Alex Saigh, Patria’s CEO, said: “I’m very pleased with the performance we delivered in the 4th quarter and the full year 2023. We generated Fee Related Earnings of $148 million for the year, up 14% from 2022, and added $47 million of Performance Related Earnings. Together, that resulted in Distributable Earnings of $188 million for 2023, or $1.26 per share, which translates to EPS growth of 26% year-over-year for our shareholders. We continue to grow and diversify our platform, and based on our progress in 2023, we are even more confident in our path to deliver the multi-year targets shared at our 2022 Investor Day. I’m very prou Show less Read more
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