New York and Washington, May 1, 2024 – Global investment firm The Carlyle Group Inc. (NASDAQ: CG) released its unaudited financial results for the first quarter ended March 31, 2024. According to Carlyle Chief Executive Officer Harvey M. Schwartz, the first quarter results demonstrate the firm's ongoing positive momentum, highlighted by another record quarter of Fee Related Earnings. Schwartz stated, “This is the outcome of our efforts to invest for growth and drive shareholder value. Carlyle is well-positioned to capitalize on the steadily improving investment environment and we remain confident in our ability to deliver our financial targets for 2024.”
The U.S. GAAP results for Q1 2024 included income (loss) before provision for income taxes of $121 million and net income (loss) per common share of $0.18 on a diluted basis. As of March 31, 2024, the total balance sheet assets of Carlyle were reported at $21 billion.
In addition, the Board of Directors declared a quarterly dividend of $0.35 per common share for holders of record as of May 14, 2024, payable on May 21, 2024.
Carlyle will be hosting a conference call on Wednesday, May 1, 2024, at 8:30 a.m. EDT to discuss the first quarter 2024 financial results. The conference call will be accessible via public webcast on the Events & Presentations section of ir.carlyle.com, with a replay available on the website shortly after the call concludes.
The Carlyle Group Inc. (NASDAQ: CG) is a global investment firm managing $425 billion of assets under management as of March 31, 2024. The firm operates across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions, and employs over 2,200 individuals in 28 offices across four continents.
For more information about Carlyle, visit www.carlyle.com. Follow Carlyle on Twitter @OneCarlyle and on LinkedIn at The Carlyle Group.
This release contains forward-looking statements that involve risks and uncertainties. Interested parties are advised to refer to the cautionary statements included in the press release and Carlyle's filings with the U.S. Securities and Exchange Commission for more details on potential risks and factors affecting future performance.