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Dec 31, 2022
Franklin Resources Q1 2023 Earnings Report
Franklin Resources reported first quarter results with net income of $165.6 million and adjusted diluted earnings per share of $0.51.
Key Takeaways
Franklin Resources, Inc. announced first quarter results with a net income of $165.6 million, or $0.32 per diluted share. Despite challenging market conditions, the company saw positive developments, including net inflows into cash management strategies and key growth areas. The acquisition of Alcentra also increased alternative AUM to $257 billion.
Net income was $165.6 million, or $0.32 per diluted share.
Adjusted diluted earnings per share was $0.51.
Total assets under management (AUM) were $1,387.7 billion.
Company closed the acquisition of Alcentra, increasing alternative credit AUM to $78.5 billion.
Franklin Resources
Franklin Resources
Franklin Resources Revenue by Segment
Franklin Resources Revenue by Geographic Location
Revenue by Segment
Investment Mgmt Fees Revenue
CapyFin.comSales & Distribution Revenue
CapyFin.comShareholder Servicing Revenue
CapyFin.comOther Revenue
CapyFin.comRevenue by Geographic Location
United States Revenue
CapyFin.com Forward Guidance
Company is positioned to capitalize on industry trends to meet clients evolving needs.
Positive Outlook
- Strong balance sheet
- Financial discipline
- Strategic investments in growth areas
- Acquisition of Alcentra
- Diversification of business
Challenges Ahead
- Challenging market backdrop
- Long-term net outflows of $10.9 billion
- Operating income decreased by 65% year-over-year
- Net income decreased by 63% year-over-year
- Sales and distribution fees decreased by 27% year-over-year
Revenue & Expenses
Visualization of income flow from segment revenue to net income