The company reported Q1 2024 GAAP net revenues of $1,750.2M, operating expenses of $1,163.6M and diluted GAAP earnings per share of $2.49. For Q1 2023, the figures were $1,537.6M, $1,053.4M and $1.83, respectively.

1. 01

   The company reported Q1 2024 GAAP net revenues of $1,750.2M, operating expenses of $1,163.6M and diluted GAAP earnings per share of $2.49. For Q1 2023, the figures were $1,537.6M, $1,053.4M and $1.83, respectively.

2. 02

   T. Rowe Price reported net outflows of $8.0B for Q1 2024, and assets under management (AUM) were $1.54T as of March 31. For Q4 2023, net flows were $28.3B and AUM was $1.45T.

3. 03

   The company said its GAAP operating income for Q1 2024 was $586.6M, with an operating margin of 33.5%, and its adjusted operating income was $692.4M, with an adjusted operating margin of 39.3%. For Q1 2023, the figures were $484.2M (31.5%) and $528.0M (34.1%), respectively.

4. 04

   T. Rowe Price reported dividends of 285 and share repurchases of 80 (in U.S. $ millions) for Q1 2024, and dividends per share of $1.24. Cash and cash equivalents were $2,416.5M as of March 31.

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

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