Janus Henderson reports Q4 EPS 82c, consensus 54c

Reports Q4 revenue $568.50M, consensus $501.5M . Reports solid long-term investment performance, with 60%, 69%, and 71% of assets under management outperforming relevant benchmarks on a three-, five-, and 10-year basis, respectively, as of December 31…AUM increased 9% quarter over quarter and 17% year over year to US$334.9 billion as of December 31.”The year ended strongly with fourth quarter results that delivered year-over-year improvement in net flows, a stable management fee rate, solid core revenues, continued cost management, growth in operating income and EPS, and an AUM tailwind entering 2024. “The tremendous amount of work that began in 2022 to reposition Janus Henderson for greater success is paying off, as evidenced in our 2023 results. During 2023, we executed on our strategy, implemented cost efficiencies to facilitate strategic reinvestment in the business, simplified our operating model, and reinforced our culture through articulating our Mission, Values, and Purpose-all while keeping our clients, and their clients, at the heart of everything we do. “The current environment remains uncertain, geopolitical tensions are heightened, and we continue to face industry headwinds. Throughout, our focus remains the same-we will control what we can control and position Janus Henderson for growth. We have a fortress balance sheet, strong cash generation, disciplined investment teams and processes, and efficient cost management.