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Sep 30, 2022

Federated Hermes Q3 2022 Earnings Report

Federated Hermes' Q3 2022 earnings were reported, with EPS of $0.78.

Key Takeaways

Federated Hermes reported Q3 2022 earnings per diluted share of $0.78, compared to $0.73 for the same quarter last year, on net income of $69.5 million, compared to $71.4 million for Q3 2021. Total managed assets were $624.4 billion at Sept. 30, 2022.

Q3 2022 earnings per diluted share of $0.78.

Board declared $0.27 per share quarterly dividend.

Total managed assets were $624.4 billion at Sept. 30, 2022.

Net positive sales in equity, fixed-income, and alternative/private markets asset categories were observed.

Total Revenue
$381M
Previous year: $327M
+16.7%
EPS
$0.78
Previous year: $0.73
+6.8%
Gross Profit
$254M
Previous year: $195M
+30.8%
Cash and Equivalents
$305M
Previous year: $345M
-11.8%
Free Cash Flow
$111M
Previous year: $41.5M
+167.0%
Total Assets
$1.97B
Previous year: $1.95B
+1.3%

Federated Hermes

Federated Hermes

Forward Guidance

The company's level of business activity and financial results are dependent upon many factors, including market conditions, investment performance and investor behavior.