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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.
Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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