Franklin Resources Q4 2024 Earnings Report
Key Takeaways
Franklin Resources reported a net loss of $84.7 million for Q4 2024, compared to a net income of $295.5 million in the same quarter last year. However, the company's AUM reached a record $1.6786 trillion, driven by a market rally and positive flows in alternative and multi-asset investment strategies. The acquisition of Putnam Investments has exceeded expectations, contributing to AUM growth and cost savings.
Net loss of $84.7 million, or $0.19 per diluted share, compared to net income of $295.5 million, or $0.58 per diluted share, in Q4 2023.
Adjusted net income was $315.2 million, or $0.59 per diluted share, compared to $427.0 million, or $0.84 per diluted share, in Q4 2023.
Assets under management (AUM) reached a record $1.6786 trillion, up 22% year-over-year.
Long-term net outflows were $31.3 billion, including $37.0 billion of long-term net outflows at Western Asset Management.
Franklin Resources
Franklin Resources
Franklin Resources Revenue by Segment
Franklin Resources Revenue by Geographic Location
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