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Jun 30, 2023

Janus Henderson Q2 2023 Earnings Report

Janus Henderson reported solid investment performance and AUM increased, but experienced net outflows.

Key Takeaways

Janus Henderson Group plc reported second quarter 2023 results with solid investment performance and an increase in AUM. The company delivered its two best net flow quarters in nearly three years. Investment performance is solid, and the company is generating substantial cash flow with a strong and stable balance sheet.

Investment performance was solid, with a high percentage of AUM outperforming benchmarks.

AUM increased compared to the first quarter of 2023.

The company experienced net outflows in the second quarter of 2023.

The Board declared a quarterly dividend of US$0.39 per share.

Total Revenue
$517M
Previous year: $556M
-7.0%
EPS
$0.62
Previous year: $0.63
-1.6%
Assets under management
$322B
Previous year: $300B
+7.5%
Gross Profit
$369M
Previous year: $411M
-10.2%
Cash and Equivalents
$997M
Previous year: $863M
+15.5%
Free Cash Flow
$167M
Previous year: $158M
+5.4%
Total Assets
$6.39B
Previous year: $6.9B
-7.4%

Janus Henderson

Janus Henderson

Forward Guidance

Janus Henderson is in the initial stages of executing its strategic plan, with early progress evidenced by delivering the best net flow quarters in nearly three years. The path to delivering consistent organic growth will not be linear, and the company remains encouraged with the momentum and activity levels in the business.