Franklin Resources Q1 2020 Earnings Report
Key Takeaways
Franklin Resources, Inc. announced net income of $350.5 million or $0.70 per diluted share for the quarter ended December 31, 2019, as compared to $275.9 million or $0.54 per diluted share for the quarter ended December 31, 2018. Total assets under management were $698.3 billion at December 31, 2019.
Net income increased to $350.5 million, up from $275.9 million in the same quarter last year.
Diluted earnings per share rose to $0.70, compared to $0.54 in the prior year's quarter.
Total assets under management reached $698.3 billion.
The company repurchased 4.6 million shares of its common stock for a total cost of $123.6 million during the quarter.
Franklin Resources
Franklin Resources
Franklin Resources Revenue by Segment
Franklin Resources Revenue by Geographic Location
Forward Guidance
This press release contains forward-looking statements that involve risks and uncertainties, and actual results could differ materially. The company undertakes no obligation to update any forward-looking statement.
Positive Outlook
- The company has expertise across all asset classes.
- The company has global and domestic investment management.
- The company has more than 600 investment professionals.
- The company has employees in over 30 countries.
- The company has more than 70 years of investment experience.
Challenges Ahead
- Volatility and disruption of the capital and credit markets may significantly affect our results.
- The amount and mix of our AUM are subject to significant fluctuations.
- We are subject to significant risk of asset volatility from changes in the global financial markets.
- Poor investment performance of our products could reduce the level of our AUM.
- Harm to our reputation may negatively impact our revenues and income.
Revenue & Expenses
Visualization of income flow from segment revenue to net income