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Mar 31, 2023
Franklin Resources Q2 2023 Earnings Report
Franklin Resources reported second quarter results with improved investment performance and positive momentum across its business.
Key Takeaways
Franklin Resources reported net income of $194.2 million, or $0.38 per diluted share, for the quarter ended March 31, 2023. The company saw positive momentum across its business, including long-term flows, relative investment performance, and diversification by product and vehicle. Total assets under management were $1,422.1 billion at the end of the quarter.
Net income was $194.2 million, or $0.38 per diluted share.
Adjusted net income was $316.7 million, or $0.61 per diluted share.
Total assets under management were $1,422.1 billion.
Long-term net outflows were $3.7 billion.
Revenue by Segment
Forward Guidance
The document does not contain specific forward guidance. It generally discusses the company's strategies for growth and investment in a volatile market environment.
Positive Outlook
- Continued positive momentum across the business.
- Improved investment performance across asset classes.
- Diversification by product and vehicle.
- Strong balance sheet and financial flexibility.
- Progress in ETFs and Custom Indexing solution platform.
Challenges Ahead
- Difficult market backdrop exacerbated by stress in the regional banking sector.
- Long-term net outflows of $3.7 billion.
- Cash management net outflows of $4.3 billion.
- Decrease in operating revenues compared to the previous year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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