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Janus Henderson(JHG) - 2024 Q1 - Earnings Call Presentation
2024-05-02 16:56
4 Cash and investments Roger Thompson Chief Financial Officer INVESTMENT PERFORMANCE Total flows ($ in billions) Q1 2024 Q4 2023 Decrease from Q4 2023 adjusted revenue driven primarily by lower performance fees partially offset by higher average AUM Net flows of $(3.0) billion compared to $(3.1) billion in Q4 2023 Note: Full performance disclosures detailed in the appendix on slides 25 and 26. Intermediary ($ in billions) Net sales / (redemptions) Janus Henderson Thursday, May 2, 2024 INVESTING IN A BRIGHTE ...
Janus Henderson Group (JHG) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
Zacks Investment Research· 2024-05-02 15:31
For the quarter ended March 2024, Janus Henderson Group plc (JHG) reported revenue of $551.7 million, up 11.3% over the same period last year. EPS came in at $0.71, compared to $0.55 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $549.33 million, representing a surprise of +0.43%. The company delivered an EPS surprise of +12.70%, with the consensus EPS estimate being $0.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earnin ...
Janus Henderson Group plc (JHG) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-05-02 13:46
Janus Henderson Group plc (JHG) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.70%. A quarter ago, it was expected that this company would post earnings of $0.56 per share when it actually produced earnings of $0.82, delivering a surprise of 46.43%.Over the last four quarters, the ...
Janus Henderson(JHG) - 2024 Q1 - Quarterly Report
2024-05-02 11:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to Commission File Number 001-38103 N/A (Former name, former address and former fiscal year, if changed since last report) Securities registered pursua ...
Janus Henderson(JHG) - 2024 Q1 - Quarterly Results
2024-05-02 11:30
Exhibit 99.1 Janus Henderson Group plc Reports First Quarter 2024 Results LONDON — Janus Henderson Group plc (NYSE: JHG; "JHG," "Janus Henderson," or the "Company") published its first quarter 2024 results for the period ended March 31, 2024. First quarter 2024 operating income was US$119.2 million compared to US$143.7 million in the fourth quarter 2023 and US$100.4 million in the first quarter 2023. Adjusted operating income, adjusted for one-time, acquisition and transaction related costs, was US$128.2 mi ...
Janus Henderson(JHG) - 2023 Q4 - Annual Report
2024-02-27 21:30
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-38103 JANUS HENDERSON GROUP PLC (Exact name of registrant as specified in its charter) Jersey, Channel Islands (State or other jurisdiction of incorporation or organizati ...
Janus Henderson(JHG) - 2023 Q4 - Earnings Call Transcript
2024-02-01 18:49
Financial Data and Key Metrics Changes - In 2023, net outflows improved significantly to $700 million from $31 billion in 2022, driven by lower redemptions and strategic wins in global institutional and North American intermediary businesses [8] - Total Assets Under Management (AUM) increased by 17% in 2023, ending at $334.9 billion, which is 7% higher than the average AUM for the year [10] - Adjusted earnings per share (EPS) rose by 28% to $0.82 in Q4 compared to the prior quarter, benefiting from stable management fees and strong performance fees [13][36] Business Line Data and Key Metrics Changes - Net outflows for the equity segment were negative $3.2 billion in Q4, while fixed income saw net inflows of $1.7 billion, contributing to a total of $7.2 billion in positive net flows for 2023 [23][24] - The U.S. intermediary channel achieved break-even flows for the first time in seven years, with a 1% organic growth rate [45] - Institutional net outflows were $2 billion in Q4, compared to $400 million in Q3, indicating challenges in this segment [21] Market Data and Key Metrics Changes - The U.S. intermediary market showed strong performance, with significant inflows in specific strategies such as AAA CLO ETF and mortgage-backed security ETF [20] - EMEA and LATAM markets faced outflows, but the U.S. intermediary region experienced positive flows, indicating a regional disparity in performance [19] Company Strategy and Development Direction - The company is focused on three strategic pillars: protecting and growing core businesses, amplifying strengths, and diversifying where clients provide opportunities [7][42] - A significant emphasis is placed on the U.S. intermediary business, with investments in branding and talent to enhance client engagement [44] - The company is actively pursuing M&A opportunities to diversify its offerings, with a disciplined approach to cultural fit and strategic alignment [52] Management's Comments on Operating Environment and Future Outlook - Management noted that while 2023 saw a rebound in global markets, headwinds remain due to the consequences of historic rate hikes [6] - The company is optimistic about the potential for inflows in fixed income as clients seek diversification and yield, indicating a favorable outlook for this segment [72][75] - Management emphasized the importance of a strong culture and strategic execution to drive organic growth and deliver results for stakeholders [55][62] Other Important Information - The company returned $321 million to shareholders in 2023 through dividends and share buybacks, reflecting a strong cash flow generation and stable balance sheet [9][31] - The adjusted non-compensation operating expenses increased by 8% compared to the prior quarter, primarily due to higher general and administrative expenses [28] Q&A Session Summary Question: Can you expand upon the fixed income or active ETF strategy? - The active ETF franchise has crossed $12 billion in AUM, focusing on democratizing institutional investment strategies for retail channels [66] Question: What has been the biggest hold up in M&A transactions? - The company remains active in evaluating M&A opportunities, ensuring cultural fit and alignment with client needs as key considerations [68][69] Question: What is the outlook for inflows in the fixed income business? - The company is well-positioned to capture inflows in fixed income due to attractive performance and product breadth, with clients increasingly recognizing the value of fixed income [72][75] Question: How broad-based is the progress in the U.S. intermediary? - The success in the U.S. intermediary is broad-based, with improvements across various products and strategies, not limited to just a few ETFs [81] Question: How are you thinking about the EMEA business positioning? - The company aims to leverage successful strategies from the U.S. to improve performance in the EMEA market, which has faced significant headwinds [92][95] Question: What are the opportunities for active equity ETFs? - The company is focused on democratizing institutional investment strategies across various vehicles, including active equity ETFs, while remaining vehicle-agnostic [100]
Janus Henderson(JHG) - 2023 Q4 - Earnings Call Presentation
2024-02-01 13:39
Q4 AND FULL-YEAR 2023 RESULTS 2023: A YEAR OF PROGRESS Achieved cost efficiencies of over $50 million by the end of 2023, higher and sooner than the original range of $40-$45 million by the end of 2024 1 Net outflows exclude Intech, the sale of which was completed March 31, 2022. 3 Net flows of $(0.7) billion in 2023 compared to $(30.8) billion in 20222 Returned $321 million to shareholders in 2023 in the form of dividends and buybacks | --- | --- | --- | |----------------------------------------------|---- ...
Janus Henderson(JHG) - 2023 Q3 - Earnings Call Presentation
2023-11-01 19:13
Wednesday, November 1, 2023 Q3 2023 RESULTS Investment performance remains solid 1 Represents percentage of AUM outperforming the relevant benchmark. Full performance disclosures detailed in the appendix on slide 20. 2 See adjusted financial measures reconciliation on slides 26 and 27 for additional information. THIRD QUARTER 2023 RESULTS Roger Thompson Chief Financial Officer U.S. GAAP diluted EPS of $0.56 and adjusted diluted EPS of $0.64 Net flows of $(2.6) billion compared to $(0.5) billion in Q2 2023 a ...
Janus Henderson(JHG) - 2023 Q3 - Earnings Call Transcript
2023-11-01 19:12
Janus Henderson Group plc (NYSE:JHG) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET Company Participants Ali Dibadj - CEO Roger Thompson - CFO Conference Call Participants Craig Siegenthaler - Bank of America Dan Fannon - Jefferies Nigel Pittaway - Citigroup Ken Worthington - JPMorgan John Dunn - Evercore ISI Operator Good morning. My name is Lauren and I'll be your conference facilitator today. Thank you for standing by and welcome to the Janus Henderson Group Third Quarter 2023 Results Brief ...