Franklin Resources Q3 GAAP EPS $0.44, adjusted EPS $0.63; long-term net flows positive

FRANKLIN RESOURCES INC

2023-Q3 EPS reported $1.14 revenue$5,863,300,000

GAAP net income $227.5M ($0.44 diluted EPS) vs $256.4M ($0.50) YoY; up 17% sequentially from $194.2M ($0.38).
Adjusted diluted EPS $0.63 vs $0.82 YoY and $0.61 prior Q; adjusted operating income $476.8M.
Operating revenues $1.969B (-3% YoY); GAAP operating margin 16.0%, adjusted operating margin 30.5%.
Ending AUM $1,431.5B (+1% QoQ); long-term net flows turned positive at $0.2B (vs -$3.7B prior Q).
Announced pending acquisition of Putnam Investments ($136B AUM); Great-West Lifeco to allocate $25B.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

FRANKLIN RESOURCES INC reported third fiscal quarter ended June 30, 2023 results: net income $227.5 million, EPS $0.44 per diluted share.

Period: third fiscal quarter ended June 30, 2023
Net income: $227.5 million
EPS: $0.44 per diluted share
Result: reported results

Exact text from the filing

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $227.5 million or $0.44 per diluted share for the quarter ended June 30, 2023

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Source: SEC EDGAR

accession 0000038777-23-000105

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