secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2023-05-01T23:59:59+00:00
Accession:  0000038777-23-000071
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q2 net income $194M ($0.38/diluted) down 44% YoY; revenue falls 7%
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- GAAP net income attributable to FR $194.2M, $0.38 diluted EPS, down 44% from $349.6M ($0.68) YoY.
- Operating revenues $1.927B, down 7% YoY from $2.081B; operating margin 13.2% vs 22.2%.
- Adjusted diluted EPS $0.61 (vs $0.96 YoY) down 36%; adjusted operating margin 28.9% vs 35.7%.
- Total AUM $1.422T, up 2% QoQ, down 4% YoY; long-term net outflows $3.7B (improved from $10.9B prior Q).
- Positive net flows in fixed income, multi-asset, alternatives; equity outflows $8.3B.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000071/0000038777-23-000071-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877723000071/ben-20230501.htm
  HTML page:      https://secwatch.observer/filing/0000038777-23-000071

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