earnings
confidence high
sentiment negative
materiality 0.75
Franklin Resources Q3 earnings: GAAP EPS $0.50, adjusted EPS $0.82; AUM down 11% YoY to $1.38T
FRANKLIN RESOURCES INC
2022-Q3 EPS reported
$2.07
revenue$6,336,300,000
- Net income $256.4M ($0.50 diluted EPS) vs $438.4M ($0.86) YoY; revenue $2.03B, down 7% YoY.
- Adjusted net income $416.0M ($0.82) vs $493.7M ($0.96) YoY; adjusted operating margin 35.3% vs 36.5%.
- Ending AUM $1,379.8B, down 11% YoY; long-term net outflows $19.8B; $57.2B added from Lexington acquisition.
- Alternative AUM rose to $224.8B (Lexington); announced Alcentra acquisition to double alternative credit AUM.
- Dividend maintained at $0.29/share; repurchased 2M shares for $51M in the quarter.