earnings
confidence high
sentiment neutral
materiality 0.75
Franklin Resources Q2 net income $349.6M ($0.68 EPS) down 8% YoY; long-term outflows $11.7B
FRANKLIN RESOURCES INC
2022-Q2 EPS reported
$1.57
revenue$4,305,000,000
- Adjusted diluted EPS $0.96, up 22% YoY from $0.79; adjusted net income $491.6M.
- Revenue $2.08B flat YoY; operating margin 22.2% vs 22.0% in prior year.
- Long-term net outflows of $11.7B, driven by fixed income (-$7.9B) and equity (-$6.1B).
- Closed Lexington acquisition, increasing alt AUM by 39% to $215B; alternative AUM at quarter end $157.9B.
- Repurchased 2.7M shares for $80.8M; dividend declared $0.29 per share (flat QoQ).