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JHG NYSE· Janus Henderson Group PLC
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JHG NYSE· Janus Henderson Group PLC
Earnings report Q4 2023

JHG Reports Decrease in Revenue for the Latest Quarter

Segments of revenue

JHG's revenue for the latest quarter was $2.10 billion, representing a decrease from the previous quarter's revenue of $2.20 billion.

Strengths

Despite the decrease in revenue, JHG's operating margin remained stable at 23.0% in the latest quarter, compared to 22.2% in the previous quarter. This indicates that the company was able to effectively manage its operating expenses and maintain profitability. Additionally, JHG reported a net income attributable to the company of $392.0 million, showing a slight increase of $19.6 million, or 5%, compared to the previous quarter. The increase in net income can be attributed to favorable movements in investment gains (losses) and a decline in net loss (income) attributable to noncontrolling interests.

Challenges

The decrease in revenue for the latest quarter is a challenge for JHG. It is important for the company to analyze the factors contributing to this decline and take appropriate measures to address them.

Noteworthy

JHG's adjusted revenue, which excludes certain factors such as management fees and shareowner servicing fees, was $1.65 billion for the latest quarter. This adjusted revenue provides a clearer picture of the company's core business performance.

Summary

JHG reported a decrease in revenue for the latest quarter, but managed to maintain a stable operating margin and increase net income. The company should focus on addressing the challenges that led to the decline in revenue and continue to optimize its operations to drive future growth.

Source documents

Form 10-K  filed on Feb 27, 2024
27 pages scanned

Reference data

Company financials Q4 revenue 569M
Analyst estimates Q4 EPS beat by 54.16%
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