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Franklin Resources
🇺🇸 NYSE:BEN
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Dec 31, 2021

Franklin Resources Q1 2022 Earnings Report

Franklin Resources announced first quarter results, showing increased operating revenues and operating income compared to the prior year. Net income and diluted earnings per share also increased year-over-year, although decreased compared to the previous quarter. The company highlighted its progress in diversifying its business and strategic investments in key growth areas.

Key Takeaways

Franklin Resources reported a mixed first quarter. While operating income and revenues increased year over year, net income decreased compared to the previous quarter. The company's AUM grew, driven by long-term net inflows and acquisitions. Strategic investments in alternatives, SMAs, wealth management, and ESG remained a focus.

Net income was $453.2 million, or $0.88 per diluted share.

Operating income was $557.7 million.

Total assets under management (AUM) were $1,578.1 billion.

Long-term net flows were $24.1 billion.

Total Revenue
$2.22B
Previous year: $2B
+11.5%
EPS
$1.08
Previous year: $0.73
+47.9%
Total AUM
$1.58T
Previous year: $1.5T
+5.3%
Equity AUM
$563B
Previous year: $496B
+13.7%
Fixed Income AUM
$642B
Previous year: $670B
-4.1%
Gross Profit
$911M
Previous year: $763M
+19.4%
Cash and Equivalents
$4.54B
Previous year: $5.3B
-14.3%
Free Cash Flow
$150M
Previous year: $278M
-46.1%
Total Assets
$25B
Previous year: $1.5T
-98.3%

Franklin Resources

Franklin Resources

Franklin Resources Revenue by Segment

Franklin Resources Revenue by Geographic Location

Forward Guidance

The document includes some forward-looking statements that reflect current views with respect to future events, financial performance and market conditions.

Positive Outlook

  • Statements are provided under the “safe harbor” protection of the Private Securities Litigation Reform Act of 1995.
  • Includes all statements that do not relate solely to historical or current facts
  • Statements are based on our current expectations and assumptions regarding our business, the economy and other possible future conditions.
  • Reflect our current views with respect to future events, financial performance and market conditions.
  • Encourages investors to consult those sections regularly

Challenges Ahead

  • Forward-looking statements involve a number of known and unknown risks, uncertainties and other important factors that may cause actual results and outcomes to differ materially from any future results or outcomes expressed or implied by such forward-looking statements
  • Pandemic-related risks
  • Market and volatility risks
  • Investment performance and reputational risks
  • Global operational risks

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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