Janus Henderson

Oct 31, 2023

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Sep 30, 2023

Janus Henderson Q3 2023 Earnings Report

Janus Henderson Group's Q3 2023 results were published, demonstrating solid investment performance amidst geopolitical conflicts and economic uncertainties.

Key Takeaways

Janus Henderson Group reported solid Q3 2023 results with strong investment performance. The company surpassed its original 'Fuel for Growth' savings target and delivered US$50 million in efficiencies ahead of schedule. A new share repurchase authorization of up to US$150 million was approved, reflecting strong cash flow generation and commitment to returning capital to shareholders. AUM decreased 4% compared to the second quarter 2023 to US$308.3 billion.

65%, 58%, 67%, and 72% of AUM outperformed relevant benchmarks on a one-, three-, five-, and 10-year basis, respectively, as of September 30, 2023.

AUM decreased 4% compared to the second quarter 2023 to US$308.3 billion.

Net outflows were US$(2.6) billion in Q3 2023, compared to US$(5.8) billion in Q3 2022.

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.