Franklin Resources, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2024
July 26, 2024 at 01:30 pm
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Franklin Resources, Inc. reported earnings results for the third quarter and nine months ended June 30, 2024. For the third quarter, the company reported sales was USD 358.3 million compared to USD 304 million a year ago. Revenue was USD 2,122.9 million compared to USD 1,969 million a year ago. Net income was USD 174 million compared to USD 227.5 million a year ago. Basic earnings per share from continuing operations was USD 0.32 compared to USD 0.44 a year ago. Diluted earnings per share from continuing operations was USD 0.32 compared to USD 0.44 a year ago.
For the nine months, sales was USD 1,013 million compared to USD 897.3 million a year ago. Revenue was USD 6,266.8 million compared to USD 5,863.3 million a year ago. Net income was USD 549.5 million compared to USD 587.3 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to USD 1.14 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to USD 1.14 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. 
