Franklin Resources Q2 GAAP EPS $0.23, down 54% QoQ; AUM $1.64T on Putnam deal, net inflows $6.9B

FRANKLIN RESOURCES INC

2024-Q2 EPS reported $0.71 revenue$4,143,900,000

GAAP net income $124.2M ($0.23 diluted EPS), vs $251.3M ($0.50) prior quarter and $194.2M ($0.38) year ago.
Adjusted net income $306.6M ($0.56 adjusted EPS), vs $328.5M ($0.65) prior quarter and $316.7M ($0.61) year ago.
AUM $1,644.7B, up 13% QoQ; includes $148.3B from Putnam acquisition; long-term net inflows $6.9B (vs -$5.0B prior quarter).
Fixed income net inflows $8.3B; equity net outflows $5.3B; institutional unfunded pipeline nearly $20B.
Dividend declared $0.31/share, unchanged from prior quarter; repurchased 0.4M shares for $11.7M.

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 quarter ended March 31, 2024 results: revenue $ 2,152.8, net income $ 124.2, EPS $0.23 per diluted share.

Period: the quarter ended March 31, 2024
Revenue: $ 2,152.8
Net income: $ 124.2
EPS: $0.23 per diluted share
Result: reported results

Exact text from the filing

Ended % Change Quarter Ended % Change 31-Mar-24 31-Dec-23 Qtr. vs. Qtr. 31-Mar-23 Year vs. Year Financial Results (in millions, except per share data) Operating revenues $ 2,152.8 $ 1,991.1 8 % $ 1,927.2 12 % Operating income 129.3 206.5 (37 %) 255.1 (49 %) Operating margin 6.0 % 10.4 % 13.2 % Net income1 $ 124.2 $ 251.3 (51 %) $ 194.2 (36 %) Diluted

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Source: SEC EDGAR

accession 0000038777-24-000068

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