Federated Hermes Q2 EPS $0.20 includes $0.76 impairment; record AUM $782.7B

FEDERATED HERMES, INC.

2024-Q2 EPS reported $1.12 revenue$798,954,000

EPS $0.20 ($0.76 impairment charge); net income $21.0M vs $72.2M YoY.
Record total AUM $782.7B (+11% YoY); money market assets record $586.6B.
Board declares $0.31/share dividend payable Aug 15, 2024 to holders of record Aug 8.
Revenue down 7% YoY on lower carried interest; equity AUM -6%, fixed-income +9%.
Q2 2024 includes $66.3M non-cash impairment of indefinite-lived intangible asset.

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.