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■ VIRTUS INVESTMENT PARTNERS Virtus Investment Partners Announces Financial Results for Third Quarter 2021 Earnings Per Share - Diluted of $ 7.36 ; Earnings Per Share - Diluted , as Adjusted , of $ 9.71 Total Sales of $ 7.6B ; Net Flows of ( $ 0.6B ) ; Assets Under Management of $ 177.3B Hartford , CT , October 27 , 2021 - Virtus Investment Partners , Inc. ( NASDAQ : VRTS ) today reported financial results for the three months ended September 30 , 2021 . Financial Highlights ( Unaudited ) ( in millions , except per share data or as noted ) U.S. GAAP Financial Measures Revenues Operating expenses Operating income ( loss ) Operating margin Net income ( loss ) attributable to Virtus Investment Partners , Inc. Earnings ( loss ) per share - diluted Weighted average shares outstanding - diluted Non - GAAP Financial Measures ( 1 ) Revenues , as adjusted Operating expenses , as adjusted Operating income ( loss ) , as adjusted Operating margin , as adjusted Net income ( loss ) attributable to Virtus Investment Partners , Inc. , as adjusted Earnings ( loss ) per share - diluted , as adjusted Weighted average shares outstanding - diluted , as adjusted $ $ $ Three Months Ended 9/30/2020 9/30/2021 $ $ EA EA $ 217.7 107.6 110.1 50.6 % $ $ 252.1 $ 154.8 158.8 $ 93.3 $ 37.0 % 58.7 $ 7.36 $ 7.984 $ $ $ $ $ 77.5 $ 9.71 $ 7.984 113.8 41.0 26.5 % 29.6 3.71 7.997 137.6 83.6 54.1 39.3 % News Release 35.9 4.49 7.997 Change 63 % $ 244.0 40 % $ 157.6 128 % $ 86.4 35.4 % 63.0 7.86 8.007 98 % $ 98 % $ - % 58 % $ 29 % $ 104 % $ Three Months Ended 6/30/2021 116 % $ 116 % $ . % 210.3 107.4 102.9 48.9 % Virtus Investment Partners , Inc. | One Financial Plaza | Hartford , CT 06103 | www.virtus.com 72.7 9.07 8.007 Change ( 1 ) See the information beginning on page 11 for reconciliations to the most directly comparable U.S. GAAP measures and other important disclosures 3 % 1 % 8 % ( 7 % ) ( 6 % ) - % 4 % - % 7 % 7 % 7 % - % Earnings Summary The company presents U.S. GAAP and non - GAAP earnings information in this release . Management believes that the non - GAAP financial measures presented reflect the company's operating results from providing investment management and related services to individuals and institutions and uses these measures to evaluate financial performance . Non - GAAP financial measures have material limitations and should not be viewed in isolation or as a substitute for U.S. GAAP measures . Reconciliations of the non GAAP financial measures to the most comparable U.S. GAAP measures can be found beginning on page 11 of this earnings release .