Franklin Resources reports Q1 adj. EPS $0.65, revenue $1.99B; closes Putnam acquisition

FRANKLIN RESOURCES INC

2024-Q1 EPS reported $0.50 revenue$1,991,100,000

GAAP net income $251.3M ($0.50 EPS) vs $165.6M YoY; adj. net income $328.5M ($0.65 adj. EPS) vs $262.4M YoY.
Total AUM $1,455.5B, up 6% QoQ; long-term net outflows $5.0B, but cash management net inflows $4.7B.
Closed acquisition of Putnam Investments on Jan 1, 2024; adds $148B AUM, total AUM ~$1.6T.
Alternatives saw inflows of $3.8B combined from BSP, Clarion, Lexington; Lexington closed $22.7B secondary fund.
Dividend increased to $0.31/share from $0.30; repurchased 2.4M shares for $58.8M.

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 1.0

FRANKLIN RESOURCES INC reported the quarter ended December 31, 2023 results: net income $251.3 million, EPS $0.50 per diluted share.

Period: the quarter ended December 31, 2023
Net income: $251.3 million
EPS: $0.50 per diluted share
Result: reported results

Exact text from the filing

Franklin Resources, Inc. (the “Company”) [NYSE: BEN] today announced net income 1 of $251.3 million or $0.50 per diluted share for the quarter ended December 31, 2023

View on SEC.gov

Browse all earnings releases →

FRANKLIN RESOURCES INC filing history →

Source: SEC EDGAR

accession 0000038777-24-000005

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.