earnings
confidence high
sentiment positive
materiality 0.70
Franklin Resources Q1 net income $453M ($0.88 EPS); AUM hits $1.58T on $24.1B long-term net inflows
FRANKLIN RESOURCES INC
2022-Q1 EPS reported
$0.88
revenue$2,224,000,000
- Revenue $2.224B (+11% YoY); operating income $557.7M (+36% YoY); GAAP diluted EPS $0.88 vs $0.67 a year ago.
- Adjusted diluted EPS $1.08 (down from $1.26 prior qtr but up 48% YoY); adjusted operating margin 39.8%.
- Long-term net inflows were $24.1B, reversing prior qtr outflows of $9.9B; alternatives posted 10th consecutive quarter of net inflows.
- Acquired O'Shaughnessy Asset Management; announced acquisition of Lexington Partners; Anne Simpson hired as Global Head of Sustainability.
- Dividend raised to $0.29 per share (from $0.28); repurchased 0.7M shares for $21.7M during the quarter.