other material
confidence high
sentiment positive
materiality 0.85
Franklin Resources Q4 EPS $1.30; acquires Lexington Partners for $1.75B
FRANKLIN RESOURCES INC
- Net income $665.7M, diluted EPS $1.30 (includes $0.30 tax benefit); adjusted EPS $1.26.
- Revenue $2.18B (+28% YoY); FY2021 net income $1.83B (+129%) and adjusted EPS $3.74.
- AUM $1.53T; long-term net outflows $9.9B in Q4.
- Acquired Lexington Partners for $1.75B ($1B at close, $750M over 3 years); expected accretive to adjusted EPS.
- Lexington has $34B fee-based AUM; close expected by end of Q2 fiscal 2022.