NYSE$JHG

Janus Henderson Group plc · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Janus Henderson reported solid investment performance and AUM increased, but experienced net outflows.

Janus Henderson Group plc reported second quarter 2023 results with solid investment performance and an increase in AUM. The company delivered its two best net flow quarters in nearly three years. Investment performance is solid, and the company is generating substantial cash flow with a strong and stable balance sheet.

  • Investment performance was solid, with a high percentage of AUM outperforming benchmarks.
  • AUM increased compared to the first quarter of 2023.
  • The company experienced net outflows in the second quarter of 2023.
  • The Board declared a quarterly dividend of US$0.39 per share.

Headline financials

Total Revenue

$517M

Previous: $556M-7.0%
EPS (adj)

$0.62

Previous: $0.63-1.6%
Assets under management

$322B

Previous: $300B+7.5%
Capital Expenditures

-$6.5M

Previous: -$7.5M+13.3%
Free Cash Flow

$83.3M

Previous: -$14.6M+670.5%
Net Income

$89.8M

Previous: -$7.1M+1364.8%
Operating Income

$118M

Previous: $144M-18.1%
Gross Profit

$369M

Previous: $411M-10.2%
Cash & Equivalents

$997M

Previous: $863M+15.5%
Total Assets

$6.39B

Previous: $6.9B-7.4%
Stock-Based Comp

$21.3M

Previous: $23.2M-8.2%

Revenue & EPS history

Janus Henderson · Revenue · Quarterly

$517M

Q2 2023-7%vs Q2 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Janus Henderson is in the initial stages of executing its strategic plan, with early progress evidenced by delivering the best net flow quarters in nearly three years. The path to delivering consistent organic growth will not be linear, and the company remains encouraged with the momentum and activity levels in the business.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

+0.6%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+0.5%

Avg return

30 days after

53%

31 / 58 earnings

Positive

+10.4%

Q4 2022

Best reaction

-13.4%

Q2 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%+0.0%+0.2%
Q4 2025+0.4%+0.5%+8.7%
Q3 2025-2.8%-2.1%-1.2%
Q1 2025+4.4%+5.5%+9.4%
Q4 2024+2.9%+5.2%-3.3%
Q3 2024+1.2%+2.5%+10.0%
Q2 2024-3.6%-8.1%+1.0%
Q1 2024+4.5%+6.0%+7.5%
Q4 2023+4.6%+5.5%+9.7%
Q3 2023+5.3%+9.4%+14.1%
Q2 2023-6.2%-7.5%-6.4%
Q1 2023-0.0%+3.6%+5.7%
Q4 2022+10.4%+10.3%+3.8%
Q3 2022+0.8%+1.6%+12.9%
Q2 2022+5.6%+10.8%+1.4%
Q1 2022-6.6%-10.7%-8.5%
Q4 2021-3.8%-4.7%-20.6%
Q3 2021-0.2%+5.9%-0.3%
Q2 2021+6.5%+4.9%+11.4%
Q1 2021+1.6%+2.5%+13.3%
Q4 2020-4.6%-4.5%-7.9%
Q3 2020-3.0%+0.7%+16.8%
Q2 2020-4.9%-5.0%-4.6%
Q1 2020+9.2%+13.3%+34.2%
Q4 2019+4.3%+2.5%-24.2%
Q3 2019-2.7%+1.9%+6.9%
Q2 2019-13.4%-13.1%-13.8%
Q1 2019-10.3%-11.3%-19.1%
Q4 2018+2.3%+3.0%+7.0%
Q3 2018-2.1%-1.1%-4.8%
Q2 2018-6.8%-9.3%-11.9%
Q1 2018+7.1%+7.6%+1.0%
Q4 2015-1.3%-1.9%-6.2%
Q1 2016-1.3%-3.0%-7.5%
Q4 2016-1.3%-3.0%-7.5%
Q4 2017-2.2%-7.6%-6.0%
Q3 2016+5.1%+6.3%+4.3%
Q3 2017+2.2%+7.1%+4.5%
Q2 2016+5.0%+4.4%-2.6%
Q1 2017+5.0%+4.4%-2.6%
Q2 2017+5.0%+4.4%-2.6%
Q3 2015+4.7%
Q2 2015+1.1%
Q1 2015-0.2%
Q4 2014-1.4%
Q3 2014-2.4%
Q2 2014-0.6%
Q1 2014+3.5%
Q4 2013-2.3%
Q2 2013+0.4%
Q1 2013-2.0%
Q4 2012+6.7%
Q3 2012-0.1%
Q2 2012+0.6%
Q4 2011+4.9%
Q2 2011+2.9%
Q4 2010+3.8%
Q2 2010+0.0%

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