Franklin Resources, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
April 29, 2024 at 06:00 pm IST
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Franklin Resources, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 358.3 million compared to USD 301.4 million a year ago. Revenue was USD 2,152.8 million compared to USD 1,927.2 million a year ago. Net income was USD 124.2 million compared to USD 194.2 million a year ago. Basic earnings per share from continuing operations was USD 0.23 compared to USD 0.38 a year ago. Diluted earnings per share from continuing operations was USD 0.23 compared to USD 0.38 a year ago.
For the six months, sales was USD 654.7 million compared to USD 593.3 million a year ago. Revenue was USD 4,143.9 million compared to USD 3,894.3 million a year ago. Net income was USD 375.5 million compared to USD 359.8 million a year ago. Basic earnings per share from continuing operations was USD 0.71 compared to USD 0.7 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.7 a year ago.
Franklin Resources, Inc. specializes in the management of investment funds. The group's activity is organized around 2 areas:
- investment services: activity insured under brands Franklin, Templeton, Legg Mason, Benefit Street Partners, Brandywine Global Investment Management, Clarion Partners, ClearBridge Investments, etc. At the end of September 2023, the group had USD 1,374.2 billion of assets under management;
- financial services: retail banking activities, private banking, and consumer credit (automobile credit, mortgage loan, mortgage, etc.).
Net sales are distributed geographically as follows: the United States (74.9%), Americas (3.3%), Luxembourg (14.4%), Europe/Middle East/Africa (3.5%) and Asia/Pacific (3.9%).
FRANKLIN RESOURCES, INC. 
