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Mar 31, 2024
Federated Hermes Q1 2024 Earnings Report
Reported earnings per diluted share of $0.89 for Q1 2024.
Key Takeaways
Federated Hermes reported Q1 2024 earnings with an EPS of $0.89, up from $0.78 in the same quarter last year, and net income of $75.0 million, compared to $69.6 million in Q1 2023. Total managed assets reached a record $778.7 billion.
Total assets under management reached a record $778.7 billion.
Money market assets reached a record $578.8 billion.
Q1 2024 earnings per diluted share were $0.89.
A dividend of $1.31 per share was declared, including a $0.31 quarterly dividend and a $1.00 special dividend.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the document.
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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