secwatch.observer — SEC 8-K summary
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Issuer:     FRANKLIN RESOURCES INC (BEN)
CIK:        0000038777
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0000038777-24-000177
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Franklin Resources Q4 net loss $84.7M on $389M impairment; AUM record $1.68T
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/38777/000003877724000177/0000038777-24-000177-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/38777/000003877724000177/ben-20241104.htm
  HTML page:      https://secwatch.observer/filing/0000038777-24-000177

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer