Franklin Resources Q4 net income $295.5M ($0.58), adjusted EPS $0.84; AUM $1.374T

FRANKLIN RESOURCES INC

2023-FY EPS reported $1.72 revenue$7,849,400,000

Revenue $1.986B, up 2% YoY; operating income $338.3M, margin 17.0%.
Long-term net outflows $6.9B in Q4, improved from $20.4B outflows in prior year quarter.
Alternative AUM reached $255B (+13% YoY); Alcentra closed, Putnam acquisition on track.
Repurchased 7.0M shares for $187.6M in Q4; cash & investments $6.9B.
Adjusted diluted EPS $0.84 vs $0.78 prior year Q4; full-year adjusted EPS $2.60 vs $3.63.

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 0.9

FRANKLIN RESOURCES INC reported the fourth fiscal quarter and fiscal year ended September 30, 2023 results: net income $295.5 million or $0.58 per diluted share, EPS $0.58 per diluted share.

Period: the fourth fiscal quarter and fiscal year ended September 30, 2023
Net income: $295.5 million or $0.58 per diluted share
EPS: $0.58 per diluted share
Result: preliminary results

Exact text from the filing

Franklin Resources, Inc. (the "Company") [NYSE: BEN] today announced preliminary net income 1 of $295.5 million or $0.58 per diluted share for the quarter ended September 30, 2023, as compared to $227.5 million or $0.44 per diluted share for the previous quarter, and $232.7 million or $0.46 per diluted share for the quarter ended September 30, 2022. Preliminary net income 1 for the year ended September 30, 2023 was $882.8 million or $1.72 per diluted share, as compared to $1,291.9 million or $2.53 per diluted share for the prior year.

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Source: SEC EDGAR

accession 0000038777-23-000143

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