Franklin Resources Q3 net income $174M (-24% YoY), adjusted EPS $0.60 (-5%); AUM $1.65T

FRANKLIN RESOURCES INC

2024-Q3 EPS reported $1.03 revenue$6,266,800,000

Net income $174M ($0.32 diluted EPS); adjusted net income $326.4M ($0.60 adjusted EPS).
Operating revenues $2.12B (+8% YoY); operating margin 10.5% vs 16.0% a year ago.
Long-term net outflows $3.2B; positive net flows in alternatives and multi-asset; ETFs saw $3B inflows to $27B AUM.
Dividend declared $0.31/share (+3% YoY); repurchased 4.3M shares for $101.5M.
Strategic initiatives: AI platform collaboration with Microsoft, minority investment in Envestnet, and investment management platform consolidation.

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