Janus Henderson Higher on Q4, Full-Year Results

Janus Henderson Group plc (NYSE: JHG) saw its stock price climb Friday, on release of its fourth-quarter and full-year 2024 results for the period ended December 31, 2024. Fourth-quarter 2024 operating income was US$197.5 million compared to US$164.7 million in the third quarter 2024 and US$143.7 million in the fourth quarter 2023. Adjusted operating income, adjusted for one-time, acquisition and transaction related costs, was US$204.7 million in the fourth quarter 2024 compared to US$170.5 million in the third quarter 2024 and US$156.2 million in the fourth quarter 2023.Fourth-quarter 2024 diluted earnings per share of US$0.77 compared to US$0.17 in the third quarter 2024 and US$0.74 in the fourth quarter 2023. Fourth-quarter and third-quarter 2024 diluted earnings per share were impacted by US$42.6 million and US$111.9 million, respectively, in non-cash, non-operating, accounting expense releases of accumulated foreign currency translation adjustments related to JHG entities liquidated during the quarters. Adjusted diluted earnings per share of US$1.07 in the fourth quarter 2024 compared to US$0.91 in the third quarter 2024 and compared to US$0.82 in the fourth quarter 2023.CEO Ali Dibadj stated:"We ended 2024 with solid fourth-quarter results, delivering improvements in net flows, operating revenues, operating income, and EPS. We demonstrated in 2024 many signs of continued, clear progress across the business. We are encouraged by the US$2.4 billion in net inflows in 2024, which led to net new revenue generation in the second half of the year.” JHG shares tallied $1.13, or 2.6%, to $44.79.