Every material Form 8-K Franklin Resources filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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)
Franklin Resources reported third-quarter fiscal 2024 results for the quarter ended June 30, 2024. Operating revenues rose 8% year over year to $2,122.9 million, but net income attributable to the company fell 24% to $174.0 million, or $0.32 per diluted share, from $227.5 million, or $0.44, a year earlier. Adjusted diluted earnings per share were $0.60, compared with $0.63 a year earlier, and the filing gives no guidance.
Operating revenues were $2,122.9 million, up 8% from $1,969.0 million a year earlier but down 1% from $2,152.8 million in the prior quarter.
Net income attributable to Franklin Resources was $174.0 million, down 24% year over year and up 40% from $124.2 million in the prior quarter.
Adjusted diluted earnings per share were $0.60, versus $0.63 a year earlier and $0.56 in the prior quarter.
Ending assets under management were $1,646.6 billion at June 30, 2024, and the company repurchased 4.3 million shares for $101.5 million during the quarter.
Franklin Resources reported second-quarter results for the quarter ended March 31, 2024, with operating revenues of $2,152.8 million, up 12% from a year earlier. Net income attributable to the company fell to $124.2 million, or $0.23 per diluted share, from $194.2 million, or $0.38, a year earlier, and operating income fell 49% year over year. Shareholders see higher revenue alongside lower GAAP profit per share, while assets under management reached $1,644.7 billion, partly from the Putnam Investments acquisition.
Operating revenues were $2,152.8 million, up 12% from a year earlier and 8% from the prior quarter.
Net income attributable to Franklin Resources was $124.2 million, or $0.23 per diluted share, versus $194.2 million, or $0.38, a year earlier.
Adjusted diluted earnings per share, a non-GAAP measure, was $0.56, compared with $0.61 a year earlier and $0.65 in the prior quarter.
Total assets under management were $1,644.7 billion at March 31, 2024, up 13% in the quarter, including $148.3 billion from the Putnam acquisition, and long-term net inflows were $6.9 billion.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Franklin Resources filing is on SEC EDGAR ↗. 8-K briefs of other companies →