- Mobility revenue increased 10%, with dealer revenue up 11%, driven by new products like CARFAX and automotiveMastermind.
- The company is on track with its plan to spin off Mobility, with key milestones including internal carve-out, regulatory filings, and leadership appointments.
- The CEO designate, Bill Eager, brings over 20 years of experience, and the transition is expected to be completed within 12-18 months.
- Management highlighted the resilience of the business model despite macro uncertainties, and ongoing engagement with OEMs and manufacturers.
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- SEI achieved an all-time high EPS of 1.3¢ in Q3 2025, excluding one-time items, reflecting robust growth.
- Net sales events surpassed $100 million year-to-date, a record for SEI through the third quarter.
- The IMS business posted a record sales quarter, driven by surging demand for outsourcing and client expansions.
- Diversification across client types and sectors, especially in alternatives and asset management, underpins sustained growth.
- Management emphasized disciplined execution and enterprise-wide strategic focus as key drivers of performance.
- The company highlighted a strategic partnership with Stratos, expected to close in late 2025 or early 2026, supporting long-term growth.
- Management emphasized the importance of getting deeper into existing markets rather than pursuing new market expansion, aiming to double or triple the size of current markets.
- The company built a 'mile wide, inch deep' model intentionally and now plans to focus on increasing market share within current regions.
- Leadership indicated that future growth will primarily come from organic deepening rather than de novo branch openings or acquisitions.
- The company is already planning for 2026, with a focus on consolidating and expanding within its current footprint.
- This strategic shift suggests a mature growth phase where depth in existing markets is prioritized over geographic expansion.
- Management highlighted the opportunity to significantly increase market share in their current markets, especially in tertiary MSAs.
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