Janus Henderson Group plc (NYSE: JHG) reported Q2 EPS of $0.67, $0.15 better than the analyst estimate of $0.52. Revenue for the quarter came in at $413.3 million versus the consensus estimate of $494.15 million.

• Solid long-term investment performance, with 62% and 68% of assets under management (‘AUM’) outperforming relevant benchmarks on a three- and five-year basis, respectively, as at 30 June 2020
• AUM of US$336.7 billion was up 14% compared to the prior quarter, reflecting an improvement in global markets partially offset by net outflows of US$(8.2) billion
• Completed US$22 million of share buybacks during the second quarter
• Board declared quarterly dividend of US$0.36 per share

Dick Weil, Chief Executive Officer of Janus Henderson Group plc, stated:

“In the face of the extraordinary challenges resulting from the global COVID-19 pandemic, we have delivered strong financial performance in the second quarter, and our long-term investment performance remains solid.

“Net flows into our Intermediary channel rebounded strongly during the quarter with US$900 million of positive net flows, a 3% annualised organic growth rate; however, the strong progress in this business was offset by outflows across our Institutional channel. Despite these Institutional outflows, we continue to have a strong global pipeline across a diverse set of clients and strategies, and we remain confident in our ability to convert those opportunities into net flows in the quarters to come.

“Looking forward, we are convinced we are on the right path to organic growth and increasing profitability with our strategy of Simple Excellence, and we continue to have a strong focus on costs balanced against appropriate investments to achieve these goals. By continuing to execute on these efforts, we are confident we will be able to deliver for our clients, our owners and our employees, as well as continuing to make positive contributions to the communities in which we operate.”

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