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Jun 30, 2023
Franklin Resources Q3 2023 Earnings Report
Franklin Resources announced third quarter results, demonstrating business diversification efforts through positive long-term net flows and strong investment performance.
Key Takeaways
Franklin Resources reported net income of $227.5 million, or $0.44 per diluted share, for the quarter ended June 30, 2023. The company's adjusted operating income improved by 8% compared to the prior quarter, driven by positive net flows in alternative and multi-asset strategies. Total assets under management (AUM) were $1,431.5 billion at the end of the quarter.
Long-term net flows turned positive, reflecting business diversification.
Adjusted operating income improved by 8% compared to the prior quarter.
Positive net flows were generated in alternative and multi-asset strategies.
A long-term partnership was established with the Power Corporation of Canada, including the pending acquisition of Putnam Investments.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
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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