Franklin Resources said net income for the quarter ended June 30, 2024 was $174.0 million ($0.32 per diluted share) and operating income was $222.5 million. For the prior-year quarter, net income was $227.5 million and operating income was $314.9 million.

1. 01

   Franklin Resources said net income for the quarter ended June 30, 2024 was $174.0 million ($0.32 per diluted share) and operating income was $222.5 million. For the prior-year quarter, net income was $227.5 million and operating income was $314.9 million.

2. 02

   The company said adjusted net income on a non-GAAP basis was $326.4 million ($0.60 adjusted diluted earnings per share) and adjusted operating income was $424.9 million. Adjusted net income was $326.1 million and adjusted operating income was $476.8 million in the prior-year quarter.

3. 03

   Franklin Resources said total AUM was $1,646.6 billion as of June 30, 2024, up $1.9 billion during the quarter. It said net cash management inflows of $3.0 billion and net market change of $2.1 billion partially offset long-term net outflows of $3.2 billion.

4. 04

   Franklin Resources said cash and investments were $5.6 billion as of June 30, 2024. It also said it repurchased 4.3 million shares of common stock for a total of $101.5 million during the quarter.

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Original filing

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