Ares Management Reports Q4 & FY 2023 Results, Hosts Call Today

Ticker: ARES-PB · Form: 8-K · Filed: Feb 8, 2024 · CIK: 1176948

Ares Management Corp 8-K Filing Summary
FieldDetail
CompanyAres Management Corp (ARES-PB)
Form Type8-K
Filed DateFeb 8, 2024
Risk Levellow
Pages2
Reading Time3 min
Key Dollar Amounts$0.01, $0.93
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: earnings, financial-results, conference-call

TL;DR

**Ares Management just dropped Q4/FY23 earnings, call today at noon ET.**

AI Summary

Ares Management Corporation filed an 8-K on February 8, 2024, to announce its financial results for the fourth quarter and full year ended December 31, 2023. The company also disclosed that it will host a conference call at 12:00 PM ET on February 8, 2024, to discuss these results. This matters to investors because it provides crucial, up-to-date financial performance data, which can influence stock valuation and future investment decisions.

Why It Matters

This filing provides investors with the latest financial performance of Ares Management, allowing them to assess the company's health and make informed decisions about buying, holding, or selling the stock.

Risk Assessment

Risk Level: low — This 8-K is a routine disclosure of financial results and a conference call announcement, which is standard practice and does not inherently introduce new risks.

Analyst Insight

A smart investor would review the full financial results once they are available and listen to the conference call to understand the company's performance drivers and future outlook before making any investment decisions.

Key Players & Entities

  • Ares Management Corporation (company) — the registrant filing the 8-K
  • February 8, 2024 (date) — date of the report and earliest event reported
  • 12:00 PM ET (time) — start time of the conference call
  • December 31, 2023 (date) — end of the fiscal year and fourth quarter being reported

FAQ

What is the purpose of this 8-K filing by Ares Management Corporation?

The purpose of this 8-K filing by Ares Management Corporation is to report its results of operations and financial condition for the fourth quarter and full year ended December 31, 2023, and to announce a conference call to discuss these results.

When was the earliest event reported in this 8-K filing?

The earliest event reported in this 8-K filing was on February 8, 2024, which is the date the financial results were released and the conference call was scheduled.

What time is the conference call scheduled for Ares Management Corporation's financial results?

The conference call to discuss Ares Management Corporation's financial results is scheduled for 12:00 PM ET on February 8, 2024.

What is the fiscal year-end for Ares Management Corporation?

Ares Management Corporation's fiscal year-end is December 31, as indicated by the reporting period for the results of operations and financial condition.

Under which SEC Act is this 8-K filed?

This 8-K is filed under the Securities Exchange Act of 1934, pursuant to Section 13 or 15(d).

Filing Stats: 694 words · 3 min read · ~2 pages · Grade level 11.6 · Accepted 2024-02-07 21:30:58

Key Financial Figures

  • $0.01 — stered Class A common stock, par value $0.01 per share ARES New York Stock Exchange
  • $0.93 — declaration of a quarterly dividend of $0.93 per share of its Class A common stock,

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition . On February 8, 2024, the registrant issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023. The text of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference. The information disclosed under this Item 2.02, including Exhibit 99.1 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure . On February 8, 2024, the registrant issued a press release announcing the declaration of a quarterly dividend of $0.93 per share of its Class A common stock, payable on March 29, 2024 to its Class A common stockholders of record as of March 15, 2024. The registrant also issued a detailed earnings presentation announcing its financial results for the fourth quarter and year ended December 31, 2023. The text of the press release and earnings presentation is included as Exhibit 99.1 and Exhibit 99.2, respectively, to this Form 8-K. The information disclosed under this Item 7.01, including Exhibit 99.1 and 99.2 hereto, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities Act of 1933, except as expressly set forth by specific reference in such filing.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits: Exhibit Number Description 99.1 Press Release of Ares Management Corporation, dated February 8, 2024 99.2 Earnings Presentation of Ares Management Corporation, dated February 8, 2024 104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document 2

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ARES MANAGEMENT CORPORATION Dated: February 8, 2024 By: /s/ Jarrod Phillips Name: Jarrod Phillips Title: Chief Financial Officer (Principal Financial & Accounting Officer) 3

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