Cohen & Steers, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported revenue of $94,464,000 compared to $89,741,000 a year ago. Income before provision for income taxes was $37,020,000 compared to $35,755,000 a year ago. Net income attributable to common stockholders was $27,586,000 or $0.59 per basic and diluted share compared to $22,985,000 or $0.49 per diluted share a year ago. Adjusted revenue was $94,413,000 compared to $89,675,000 a year ago. Adjusted operating income was $38,290,000 compared to $35,515,000 a year ago. Adjusted net income attributable to common stockholders was $29,009,000 or $0.62 per diluted share compared to $21,916,000 or $0.47 per diluted share a year ago. Operating income was $38.3 million for the first quarter compared with $35.5 million in the prior year's quarter, and $41.2 million sequentially.

For the year 2018, the company expects effective tax rate will remain at approximately 25.25% for 2018.