Franklin Resources posts Q4 net loss of $84.7 million on $389.2 million impairment
Franklin Resources reported preliminary fourth-quarter fiscal 2024 results, showing a net loss of $84.7 million, or $0.19 per diluted share, compared with net income of $295.5 million, or $0.58 per share, a year earlier. The loss reflects a $389.2 million impairment of an indefinite-lived intangible asset tied to certain mutual fund contracts managed by Western Asset Management, even as operating revenues rose 11% to $2.21 billion.
Key points
- Q4 net loss of $84.7 million, or $0.19 per diluted share, versus net income of $295.5 million, or $0.58 per share, a year earlier
- Impairment of $389.2 million on an intangible asset related to mutual fund contracts managed by Western Asset Management
- Operating revenues of $2.21 billion, up 11% from the prior-year quarter
- Adjusted diluted EPS of $0.59 for the quarter, versus $0.84 a year earlier (non-GAAP)
The filing
Written by AI on Nov 8, 2026, 1:11 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 04, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.