earnings
confidence high
sentiment negative
materiality 0.75
Janus Henderson Q3 2022 EPS $0.65, AUM down 8% to $274.6B; net outflows $5.8B
JANUS HENDERSON GROUP PLC
2022-Q3 EPS reported
$1.84
revenue$1,688,400,000
- GAAP diluted EPS $0.65 ($0.61 adjusted) vs $1.14 ($1.16) YoY; revenue $512.9M, down 25% YoY.
- AUM fell 8% QoQ to $274.6B driven by market declines, USD strength, and net outflows of $5.8B.
- Operating income $120.7M (23.5% margin) vs $248.3M (36.1%) YoY; adjusted operating margin 31.8%.
- Board declared $0.39/share dividend payable Nov 23; cost savings target of $40-45M gross run-rate by end 2023.
- Management cites market uncertainty and underperformance in key strategies; full-year performance fee estimate negative $38-42M.