Franklin Templeton reported net income of $163.6 million or $0.29 per diluted share and operating income of $219.0 million for the quarter ended December 31, 2024. Net income for the prior year quarter was $251.3 million and operating income was $206.5 million.

1. 01

   Franklin Templeton reported net income of $163.6 million or $0.29 per diluted share and operating income of $219.0 million for the quarter ended December 31, 2024. Net income for the prior year quarter was $251.3 million and operating income was $206.5 million.

2. 02

   The company reported adjusted net income of $320.5 million and adjusted diluted earnings per share of $0.59 for the quarter ended December 31, 2024, with adjusted operating income of $412.8 million. Adjusted net income for the prior year quarter was $328.5 million and adjusted operating income was $417.0 million.

3. 03

   Franklin Templeton said total assets under management at December 31, 2024 were $1,575.7 billion, down $102.9 billion during the quarter. Long-term net outflows of $50.0 billion included $67.9 billion of long-term net outflows at Western Asset Management.

4. 04

   The company said cash and cash equivalents and investments were $5.2 billion and total stockholders' equity was $13.2 billion as of December 31, 2024. It repurchased 0.3 million shares of its common stock for a total cost of $5.8 million during the quarter.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.