earnings
confidence high
sentiment negative
materiality 0.80
Franklin Resources Q4 net loss $84.7M on $389M impairment; AUM record $1.68T
FRANKLIN RESOURCES INC
2024-FY EPS reported
$0.85
revenue$8,478,000,000
- GAAP net loss $84.7M ($0.19 EPS) vs net income $295.5M YoY; operating loss $150.7M.
- Adjusted EPS $0.59 (-30% YoY); adjusted operating income $451.6M.
- $389.2M impairment of Western Asset Management intangible; long-term net outflows $31.3B.
- Record AUM $1.68T (+22% YoY); Putnam AUM grew 21% to $180B.
- Quarterly dividend $0.31/share; repurchased 4.9M shares for $102.4M.