Janus Henderson(US:JHG)2021-04-29 15:09Financial Performance - Adjusted diluted EPS was $0.91 in Q1 2021, a 13% decrease compared to $1.04 in Q4 2020, but a 52% increase compared to $0.60 in Q1 2020 [3, 17] - Total revenue decreased by 2% from $657.2 million in Q4 2020 to $644.0 million in Q1 2021 [17] - Adjusted revenue decreased by 2% from $528.5 million in Q4 2020 to $516.6 million in Q1 2021, but increased 17% from $442.7 million in Q1 2020 [17] - Operating income decreased by 15% from $227.0 million in Q4 2020 to $192.5 million in Q1 2021 [17] - Adjusted operating income decreased by 13% from $231.7 million in Q4 2020 to $201.5 million in Q1 2021, but increased 22% from $164.5 million in Q1 2020 [17] Assets Under Management (AUM) and Flows - Total AUM increased by 1% to $405.1 billion in Q1 2021 from $401.6 billion in Q4 2020 [2, 3] - Net outflows were $3.3 billion in Q1 2021, compared to net outflows of $1.1 billion in Q4 2020 [2, 3] - Intermediary saw annualized gross sales of 13.5% and redemptions of 22% [8] - Institutional saw annualized gross sales of 9% and redemptions of 10% [8] Capital Management - The board declared a $0.02 increase in the quarterly dividend to $0.38 per share [2, 3] - The company completed $230 million of share buybacks in Q1 2021, repurchasing 8.0 million shares [2, 25] Investment Performance - 62% of AUM outperformed the relevant benchmark over a 3-year period [3] - 67% of total AUM was in the top 2 Morningstar quartiles [5]