earnings
confidence high
sentiment negative
materiality 0.75
Franklin Resources Q1 net income $165.6M, EPS $0.32 vs $0.88 YoY; AUM $1.39T
FRANKLIN RESOURCES INC
2023-Q1 EPS reported
$0.32
revenue$1,967,100,000
- GAAP diluted EPS $0.32, down 64% YoY; adjusted diluted EPS $0.51, down 53% YoY.
- Operating revenues $1.97B, down 12% YoY; operating margin 9.9% vs 25.1% YoY.
- AUM $1.388T, up 7% QoQ, driven by $48.8B market gains and $34.9B Alcentra acquisition.
- Long-term net outflows $10.9B; cash management net inflows $17.5B generated total net inflows $6.6B.
- Dividend raised to $0.30/share from $0.29; repurchased 0.5M shares for $14.2M.