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Mar 31, 2024
Janus Henderson Q1 2024 Earnings Report
Janus Henderson reported solid investment performance and financial results, driven by strong markets, alpha generation, effective cost control, and increased productivity.
Key Takeaways
Janus Henderson Group reported solid first quarter 2024 results, with operating income of US$119.2 million and diluted earnings per share of US$0.81. The company's AUM increased to US$352.6 billion, and the Board declared a quarterly dividend of US$0.39 per share and approved a new share repurchase authorization of up to US$150 million.
Solid investment performance with a significant percentage of AUM outperforming benchmarks across various timeframes.
AUM increased 5% quarter over quarter and 14% year over year, reaching US$352.6 billion.
First quarter net outflows of US$(3.0) billion reflect net inflows in Intermediary and outflows in Institutional.
Board declared a quarterly dividend of US$0.39 per share and approved a new share repurchase authorization of up to US$150 million.
Janus Henderson
Janus Henderson
Forward Guidance
Janus Henderson is focused on delivering superior outcomes for clients, employees, shareholders, and other stakeholders by executing its strategic objectives and partnering with talented professionals.
Positive Outlook
- Strategic partnership with NBK Wealth to acquire NBK Capital Partners.
- Agreement to acquire Tabula Investment Management.
- Focus on amplifying existing strengths and diversifying where clients give the right to win.
- Active M&A pipeline with potential for future partnerships.
- Commitment to positioning Janus Henderson to deliver superior outcomes.
Challenges Ahead
- There is still work to be done.
- The M&A pipeline remains active, and these bolt-on acquisitions reflect only the beginning of what we believe will be several future partnerships to meet our clients' needs and support the growth of Janus Henderson.
- Net outflows of US$(3.0) billion
- First quarter 2024 operating income was US$119.2 million compared to US$143.7 million in the fourth quarter 2023
- Adjusted diluted earnings per share of US$0.71 in the first quarter 2024 compared to US$0.82 in the fourth quarter 2023