IGM Financial Reports Strong Q3 Growth Driven by Northleaf Acquisition
IGM Financial reported significant year-over-year growth in its third quarter results, highlighted by an 18.9% increase in adjusted diluted earnings per share to C$1.51. Total revenue rose to C$1.32 billion, up from C$971.9 million in the previous year, bolstered significantly by a C$178.9 million gain related to the Northleaf acquisition. Net earnings saw a substantial jump of 63.5%, reaching C$487.5 million compared to C$298.1 million in the prior-year period. This surge was supported by a C$144 million after-tax gain from the Northleaf deal, reflecting successful integration and strategic expansion within its asset management portfolio.
Topics: acquisition earnings report net earnings revenue growth
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