Janus Henderson Group plc Reports Third Quarter 2024 Results
-
Solid investment performance, with 75%, 71%, 67%, and 85% of assets under management (“AUM”) outperforming relevant benchmarks on a one-, three-, five-, and 10-year basis, respectively, as of
September 30, 2024 -
Consecutive quarters of net inflows with third quarter 2024 net inflows of
US$0.4 billion -
Third quarter 2024 diluted EPS of
US$0.17 includes aUS$111.9 million non-cash, non-operating, accounting expense release. Adjusted diluted EPS ofUS$0.91 is an increase of 42% year over year -
AUM increased 6% quarter over quarter and 24% year over year to
US$382.3 billion as ofSeptember 30, 2024 -
Returned
US$102 million in capital to shareholders through dividends and share buybacks in third quarter 2024 -
Board of Directors ("Board") declared a quarterly dividend of
US$0.39 per share and approved aUS$50 million increase to the Company’s existing common stock repurchase authorization
Third quarter 2024 diluted earnings per share of
"
SUMMARY OF FINANCIAL RESULTS (unaudited) (in US$ millions, except per share data or as noted)
The Company presents its financial results in US$ and in accordance with accounting principles generally accepted in
|
|
Three months ended |
||||||||||
|
|
30 Sep |
|
30 Jun |
|
30 Sep |
||||||
|
|
2024 |
|
2024 |
|
2023 |
||||||
GAAP basis: |
|
|
|
|
|
|
|
|
|
|||
Revenue |
|
|
624.8 |
|
|
|
588.4 |
|
|
|
521.0 |
|
Operating expenses |
|
|
460.1 |
|
|
|
424.1 |
|
|
|
399.3 |
|
Operating income |
|
|
164.7 |
|
|
|
164.3 |
|
|
|
121.7 |
|
Operating margin |
|
|
26.4 |
% |
|
|
27.9 |
% |
|
|
23.4 |
% |
Net income attributable to JHG |
|
|
27.3 |
|
|
|
129.7 |
|
|
|
93.5 |
|
Diluted earnings per share |
|
|
0.17 |
|
|
|
0.81 |
|
|
|
0.56 |
|
|
|
|
|
|
|
|
|
|
|
|||
Adjusted basis: |
|
|
|
|
|
|
|
|
|
|||
Revenue |
|
|
488.1 |
|
|
|
458.3 |
|
|
|
405.0 |
|
Operating expenses |
|
|
317.6 |
|
|
|
293.6 |
|
|
|
279.6 |
|
Operating income |
|
|
170.5 |
|
|
|
164.7 |
|
|
|
125.4 |
|
Operating margin |
|
|
34.9 |
% |
|
|
35.9 |
% |
|
|
31.0 |
% |
Net income attributable to JHG |
|
|
144.7 |
|
|
|
135.2 |
|
|
|
106.7 |
|
Diluted earnings per share |
|
|
0.91 |
|
|
|
0.85 |
|
|
|
0.64 |
|
SHARE REPURCHASE AND DIVIDEND
On
As part of the
AUM AND FLOWS (in US$ billions)
FX reflects movement in AUM resulting from changes in foreign currency rates as non-US$ denominated AUM is translated into US$. Redemptions include impact of client transfers.
Total comparative AUM and flows |
||||||||||||
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|
Three months ended |
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|
|
30 Sep |
|
30 Jun |
|
30 Sep |
||||||
|
|
2024 |
|
2024 |
|
2023 |
||||||
Opening AUM |
|
|
361.4 |
|
|
|
352.6 |
|
|
|
322.1 |
|
Sales |
|
|
16.1 |
|
|
|
18.1 |
|
|
|
11.8 |
|
Redemptions |
|
|
(15.7 |
) |
|
|
(16.4 |
) |
|
|
(14.4 |
) |
Net sales / (redemptions) |
|
|
0.4 |
|
|
|
1.7 |
|
|
|
(2.6 |
) |
Market / FX |
|
|
19.4 |
|
|
|
7.1 |
|
|
|
(11.2 |
) |
Acquisitions |
|
|
1.1 |
|
|
|
— |
|
|
|
— |
|
Closing AUM |
|
|
382.3 |
|
|
|
361.4 |
|
|
|
308.3 |
|
Quarterly AUM and flows by capability |
||||||||||||||||||||
|
|
|
|
|
|
Fixed |
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
Equities |
|
Income |
|
Multi-Asset |
|
Alternatives |
|
Total |
||||||||||
AUM |
|
|
187.9 |
|
|
|
65.1 |
|
|
|
45.9 |
|
|
|
9.4 |
|
|
|
308.3 |
|
Sales |
|
|
6.0 |
|
|
|
6.9 |
|
|
|
1.0 |
|
|
|
0.5 |
|
|
|
14.4 |
|
Redemptions |
|
|
(9.2 |
) |
|
|
(5.2 |
) |
|
|
(2.4 |
) |
|
|
(0.7 |
) |
|
|
(17.5 |
) |
Net sales / (redemptions) |
|
|
(3.2 |
) |
|
|
1.7 |
|
|
|
(1.4 |
) |
|
|
(0.2 |
) |
|
|
(3.1 |
) |
Market / FX |
|
|
20.4 |
|
|
|
4.7 |
|
|
|
4.4 |
|
|
|
0.2 |
|
|
|
29.7 |
|
AUM |
|
|
205.1 |
|
|
|
71.5 |
|
|
|
48.9 |
|
|
|
9.4 |
|
|
|
334.9 |
|
Sales |
|
|
8.1 |
|
|
|
5.8 |
|
|
|
1.3 |
|
|
|
0.7 |
|
|
|
15.9 |
|
Redemptions |
|
|
(9.2 |
) |
|
|
(5.7 |
) |
|
|
(2.1 |
) |
|
|
(1.9 |
) |
|
|
(18.9 |
) |
Net sales / (redemptions) |
|
|
(1.1 |
) |
|
|
0.1 |
|
|
|
(0.8 |
) |
|
|
(1.2 |
) |
|
|
(3.0 |
) |
Market / FX |
|
|
18.3 |
|
|
|
(1.0 |
) |
|
|
3.0 |
|
|
|
0.4 |
|
|
|
20.7 |
|
AUM |
|
|
222.3 |
|
|
|
70.6 |
|
|
|
51.1 |
|
|
|
8.6 |
|
|
|
352.6 |
|
Sales |
|
|
7.0 |
|
|
|
8.3 |
|
|
|
1.6 |
|
|
|
1.2 |
|
|
|
18.1 |
|
Redemptions |
|
|
(8.4 |
) |
|
|
(5.0 |
) |
|
|
(2.4 |
) |
|
|
(0.6 |
) |
|
|
(16.4 |
) |
Net sales / (redemptions) |
|
|
(1.4 |
) |
|
|
3.3 |
|
|
|
(0.8 |
) |
|
|
0.6 |
|
|
|
1.7 |
|
Market / FX |
|
|
5.3 |
|
|
|
0.5 |
|
|
|
1.3 |
|
|
|
— |
|
|
|
7.1 |
|
Reclassifications |
|
|
— |
|
|
|
0.1 |
|
|
|
(0.1 |
) |
|
|
— |
|
|
|
— |
|
AUM |
|
|
226.2 |
|
|
|
74.5 |
|
|
|
51.5 |
|
|
|
9.2 |
|
|
|
361.4 |
|
Sales |
|
|
7.9 |
|
|
|
6.1 |
|
|
|
1.4 |
|
|
|
0.7 |
|
|
|
16.1 |
|
Redemptions |
|
|
(9.4 |
) |
|
|
(3.9 |
) |
|
|
(1.8 |
) |
|
|
(0.6 |
) |
|
|
(15.7 |
) |
Net sales / (redemptions) |
|
|
(1.5 |
) |
|
|
2.2 |
|
|
|
(0.4 |
) |
|
|
0.1 |
|
|
|
0.4 |
|
Market / FX |
|
|
12.4 |
|
|
|
3.8 |
|
|
|
2.4 |
|
|
|
0.8 |
|
|
|
19.4 |
|
Acquisitions |
|
|
— |
|
|
|
0.8 |
|
|
|
— |
|
|
|
0.3 |
|
|
|
1.1 |
|
AUM |
|
|
237.1 |
|
|
|
81.3 |
|
|
|
53.5 |
|
|
|
10.4 |
|
|
|
382.3 |
|
Average AUM by capability |
||||||||||||
|
|
Three months ended |
||||||||||
|
|
30 Sep |
|
30 Jun |
|
30 Sep |
||||||
|
|
2024 |
|
2024 |
|
2023 |
||||||
Equities |
|
|
229.6 |
|
|
|
220.8 |
|
|
|
196.9 |
|
Fixed Income |
|
|
78.5 |
|
|
|
71.7 |
|
|
|
66.1 |
|
Multi-Asset |
|
|
52.1 |
|
|
|
50.7 |
|
|
|
47.7 |
|
Alternatives |
|
|
9.7 |
|
|
|
8.9 |
|
|
|
9.4 |
|
Total |
|
|
369.9 |
|
|
|
352.1 |
|
|
|
320.1 |
|
INVESTMENT PERFORMANCE
% of AUM outperforming benchmark (as of |
||||||||||||||||
Capability |
|
1-year |
|
3-year |
|
5-year |
|
10-year |
||||||||
Equities |
|
|
63 |
% |
|
|
61 |
% |
|
|
54 |
% |
|
|
80 |
% |
Fixed Income |
|
|
98 |
% |
|
|
81 |
% |
|
|
89 |
% |
|
|
93 |
% |
Multi-Asset |
|
|
97 |
% |
|
|
96 |
% |
|
|
97 |
% |
|
|
97 |
% |
Alternatives |
|
|
84 |
% |
|
|
94 |
% |
|
|
100 |
% |
|
|
100 |
% |
Total |
|
|
75 |
% |
|
|
71 |
% |
|
|
67 |
% |
|
|
85 |
% |
Cash management vehicles, ETF-enhanced beta strategies, legacy Tabula passive ETFs, Fixed Income Buy & Maintain mandates, legacy
% of mutual fund AUM in top 2 Morningstar quartiles (as of |
||||||||||||||||
Capability |
|
1-year |
|
3-year |
|
5-year |
|
10-year |
||||||||
Equities |
|
|
77 |
% |
|
|
73 |
% |
|
|
80 |
% |
|
|
87 |
% |
Fixed Income |
|
|
81 |
% |
|
|
57 |
% |
|
|
67 |
% |
|
|
71 |
% |
Multi-Asset |
|
|
96 |
% |
|
|
95 |
% |
|
|
95 |
% |
|
|
96 |
% |
Alternatives |
|
|
37 |
% |
|
|
87 |
% |
|
|
42 |
% |
|
|
100 |
% |
Total |
|
|
80 |
% |
|
|
74 |
% |
|
|
81 |
% |
|
|
87 |
% |
Analysis based on "primary" share class (Class I Shares, Institutional Shares, or share class with longest history for
Funds not ranked by Morningstar are excluded from the analysis. Capabilities defined by
THIRD QUARTER 2024 RESULTS BRIEFING INFORMATION
Chief Executive Officer
Those wishing to participate should call:
|
833 470 1428 |
|
|
0808 189 6484 |
|
All other countries |
+1 929 526 1599 |
|
Conference ID |
008089 |
Access to the webcast and accompanying slides will be available via the investor relations section of Janus Henderson’s website (ir.janushenderson.com).
About
FINANCIAL DISCLOSURES
Condensed consolidated statements of comprehensive income (unaudited) |
||||||||||||
|
|
Three months ended |
||||||||||
|
|
30 Sep |
|
30 Jun |
|
30 Sep |
||||||
(in US$ millions, except per share data or as noted) |
|
2024 |
|
2024 |
|
2023 |
||||||
Revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
Management fees |
|
|
502.8 |
|
|
|
472.8 |
|
|
|
434.9 |
|
Performance fees |
|
|
8.6 |
|
|
|
7.4 |
|
|
|
(15.8 |
) |
Shareowner servicing fees |
|
|
61.4 |
|
|
|
58.5 |
|
|
|
54.9 |
|
Other revenue |
|
|
52.0 |
|
|
|
49.7 |
|
|
|
47.0 |
|
Total revenue |
|
|
624.8 |
|
|
|
588.4 |
|
|
|
521.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
Employee compensation and benefits |
|
|
177.0 |
|
|
|
166.3 |
|
|
|
149.2 |
|
Long-term incentive plans |
|
|
40.5 |
|
|
|
36.4 |
|
|
|
32.6 |
|
Distribution expenses |
|
|
133.7 |
|
|
|
126.6 |
|
|
|
116.0 |
|
Investment administration |
|
|
17.7 |
|
|
|
12.8 |
|
|
|
12.4 |
|
Marketing |
|
|
8.3 |
|
|
|
9.8 |
|
|
|
9.6 |
|
General, administrative and occupancy |
|
|
77.4 |
|
|
|
66.9 |
|
|
|
73.7 |
|
Depreciation and amortization |
|
|
5.5 |
|
|
|
5.3 |
|
|
|
5.8 |
|
Total operating expenses |
|
|
460.1 |
|
|
|
424.1 |
|
|
|
399.3 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating income |
|
|
164.7 |
|
|
|
164.3 |
|
|
|
121.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
(4.5 |
) |
|
|
(3.2 |
) |
|
|
(3.2 |
) |
Investment gains (losses), net |
|
|
35.0 |
|
|
|
6.4 |
|
|
|
(5.9 |
) |
Other non-operating income (expense), net |
|
|
(101.6 |
) |
|
|
7.6 |
|
|
|
(13.4 |
) |
Income before taxes |
|
|
93.6 |
|
|
|
175.1 |
|
|
|
99.2 |
|
Income tax provision |
|
|
(43.6 |
) |
|
|
(41.6 |
) |
|
|
(13.2 |
) |
Net income |
|
|
50.0 |
|
|
|
133.5 |
|
|
|
86.0 |
|
Net loss (income) attributable to noncontrolling interests |
|
|
(22.7 |
) |
|
|
(3.8 |
) |
|
|
7.5 |
|
Net income attributable to JHG |
|
|
27.3 |
|
|
|
129.7 |
|
|
|
93.5 |
|
Less: allocation of earnings to participating stock-based awards |
|
|
(0.7 |
) |
|
|
(3.2 |
) |
|
|
(2.8 |
) |
Net income attributable to JHG common shareholders |
|
|
26.6 |
|
|
|
126.5 |
|
|
|
90.7 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic weighted-average shares outstanding (in millions) |
|
|
154.4 |
|
|
|
155.6 |
|
|
|
160.8 |
|
Diluted weighted-average shares outstanding (in millions) |
|
|
154.7 |
|
|
|
155.8 |
|
|
|
160.9 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diluted earnings per share (in US$) |
|
|
0.17 |
|
|
|
0.81 |
|
|
|
0.56 |
|
Reconciliation of non-GAAP financial information
In addition to financial results reported in accordance with GAAP, we compute certain financial measures using non-GAAP components, as defined by the
|
|
Three months ended |
||||||||||
|
|
30 Sep |
|
30 Jun |
|
30 Sep |
|
|||||
(in US$ millions, except per share data or as noted) |
|
2024 |
|
2024 |
|
2023 |
|
|||||
Reconciliation of revenue to adjusted revenue |
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
|
624.8 |
|
|
|
588.4 |
|
|
|
521.0 |
|
Management fees1 |
|
|
(51.4 |
) |
|
|
(48.2 |
) |
|
|
(41.4 |
) |
Shareowner servicing fees1 |
|
|
(49.9 |
) |
|
|
(47.3 |
) |
|
|
(43.9 |
) |
Other revenue1 |
|
|
(35.4 |
) |
|
|
(34.6 |
) |
|
|
(30.7 |
) |
Adjusted revenue |
|
|
488.1 |
|
|
|
458.3 |
|
|
|
405.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of operating expenses to adjusted operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
Operating expenses |
|
|
460.1 |
|
|
|
424.1 |
|
|
|
399.3 |
|
Employee compensation and benefits2 |
|
|
(4.3 |
) |
|
|
(4.7 |
) |
|
|
(0.9 |
) |
Long-term incentive plans2 |
|
|
(1.7 |
) |
|
|
(1.7 |
) |
|
|
2.4 |
|
Distribution expenses1 |
|
|
(133.7 |
) |
|
|
(126.6 |
) |
|
|
(116.0 |
) |
General, administration and occupancy2 |
|
|
(2.7 |
) |
|
|
2.6 |
|
|
|
(4.7 |
) |
Depreciation and amortization3 |
|
|
(0.1 |
) |
|
|
(0.1 |
) |
|
|
(0.5 |
) |
Adjusted operating expenses |
|
|
317.6 |
|
|
|
293.6 |
|
|
|
279.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted operating income |
|
|
170.5 |
|
|
|
164.7 |
|
|
|
125.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating margin |
|
|
26.4 |
% |
|
|
27.9 |
% |
|
|
23.4 |
% |
Adjusted operating margin |
|
|
34.9 |
% |
|
|
35.9 |
% |
|
|
31.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
Reconciliation of net income attributable to JHG to adjusted net income attributable to JHG |
|
|
|
|
|
|
|
|
|
|
|
|
Net income attributable to JHG |
|
|
27.3 |
|
|
|
129.7 |
|
|
|
93.5 |
|
Employee compensation and benefits2 |
|
|
1.3 |
|
|
|
1.2 |
|
|
|
0.9 |
|
Long-term incentive plans2 |
|
|
1.7 |
|
|
|
1.7 |
|
|
|
(2.4 |
) |
General, administration and occupancy2 |
|
|
2.7 |
|
|
|
(2.6 |
) |
|
|
4.7 |
|
Depreciation and amortization3 |
|
|
0.1 |
|
|
|
0.1 |
|
|
|
0.5 |
|
Interest expense4 |
|
|
0.1 |
|
|
|
— |
|
|
|
— |
|
Investment gains (losses), net4 |
|
|
— |
|
|
|
0.8 |
|
|
|
(0.2 |
) |
Other non-operating income, net4 |
|
|
113.3 |
|
|
|
3.7 |
|
|
|
25.6 |
|
Income tax benefit (provision)5 |
|
|
(1.8 |
) |
|
|
0.6 |
|
|
|
(15.9 |
) |
Adjusted net income attributable to JHG |
|
|
144.7 |
|
|
|
135.2 |
|
|
|
106.7 |
|
Less: allocation of earnings to participating stock-based awards |
|
|
(3.6 |
) |
|
|
(3.4 |
) |
|
|
(3.2 |
) |
Adjusted net income attributable to JHG common shareholders |
|
|
141.1 |
|
|
|
131.8 |
|
|
|
103.5 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted-average diluted common shares outstanding – diluted (in millions) |
|
|
154.7 |
|
|
|
155.8 |
|
|
|
160.9 |
|
Diluted earnings per share (in US$) |
|
|
0.17 |
|
|
|
0.81 |
|
|
|
0.56 |
|
Adjusted diluted earnings per share (in US$) |
|
|
0.91 |
|
|
|
0.85 |
|
|
|
0.64 |
|
1 |
JHG contracts with third-party intermediaries to distribute and service certain of its investment products. Fees for distribution and servicing related activities are either provided for separately in an investment product’s prospectus or are part of the management fee. Under both arrangements, the fees are collected by JHG and passed through to third-party intermediaries who are responsible for performing the applicable services. The majority of distribution and servicing fees collected by JHG are passed through to third-party intermediaries. JHG management believes that the deduction of distribution and servicing fees from revenue in the computation of adjusted revenue reflects the pass-through nature of these revenues. In certain arrangements, JHG performs the distribution and servicing activities and retains the applicable fees. Revenues for distribution and servicing activities performed by JHG are not deducted from GAAP revenue. In addition to the adjustments related to distribution and servicing activities, other revenue for the three months ended |
|
2 |
Adjustments for the three months ended |
|
3 |
Investment management contracts have been identified as a separately identifiable intangible asset arising on the acquisition of subsidiaries and businesses. Such contracts are recognized at the net present value of the expected future cash flows arising from the contracts at the date of acquisition. For segregated mandate contracts, the intangible asset is amortized on a straight-line basis over the expected life of the contracts. JHG management believes these non-cash and acquisition-related costs are not representative of our ongoing operations. |
|
4 |
Adjustments for the three months ended |
|
5 |
The tax impact of the adjustments is calculated based on the applicable |
Condensed consolidated balance sheets (unaudited) |
||||||||
|
|
30 Sep |
|
31 Dec |
||||
(in US$ millions) |
|
2024 |
|
2023 |
||||
Assets: |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
|
1,483.8 |
|
|
|
1,152.4 |
|
Investments |
|
|
305.0 |
|
|
|
334.2 |
|
Property, equipment and software, net |
|
|
38.8 |
|
|
|
44.2 |
|
Intangible assets and goodwill, net |
|
|
3,799.8 |
|
|
|
3,721.6 |
|
Assets of consolidated variable interest entities |
|
|
749.0 |
|
|
|
405.9 |
|
Other assets |
|
|
887.4 |
|
|
|
838.3 |
|
Total assets |
|
|
7,263.8 |
|
|
|
6,496.6 |
|
|
|
|
|
|
|
|
|
|
Liabilities, redeemable noncontrolling interests and equity: |
|
|
|
|
|
|
|
|
Long-term debt |
|
|
698.6 |
|
|
|
304.6 |
|
Deferred tax liabilities, net |
|
|
576.3 |
|
|
|
570.8 |
|
Liabilities of consolidated variable interest entities |
|
|
7.2 |
|
|
|
3.2 |
|
Other liabilities |
|
|
855.0 |
|
|
|
762.5 |
|
Redeemable noncontrolling interests |
|
|
493.5 |
|
|
|
317.2 |
|
Total equity |
|
|
4,633.2 |
|
|
|
4,538.3 |
|
Total liabilities, redeemable noncontrolling interests and equity |
|
|
7,263.8 |
|
|
|
6,496.6 |
|
Condensed consolidated statements of cash flows (unaudited) |
||||||||||||
|
|
Three months ended |
||||||||||
|
|
30 Sep |
|
30 Jun |
|
30 Sep |
||||||
(in US$ millions) |
|
2024 |
|
2024 |
|
2023 |
||||||
Cash provided by (used for): |
|
|
|
|
|
|
|
|
|
|
|
|
Operating activities |
|
|
228.5 |
|
|
|
223.8 |
|
|
|
216.9 |
|
Investing activities |
|
|
(215.0 |
) |
|
|
(60.4 |
) |
|
|
16.0 |
|
Financing activities |
|
|
424.6 |
|
|
|
(50.9 |
) |
|
|
(91.5 |
) |
Effect of exchange rate changes |
|
|
31.9 |
|
|
|
— |
|
|
|
(25.5 |
) |
Net change during period |
|
|
470.0 |
|
|
|
112.5 |
|
|
|
115.9 |
|
Basis of preparation
In the opinion of management of
FORWARD-LOOKING STATEMENTS DISCLAIMER
Past performance is no guarantee of future results. Investing involves risk, including the possible loss of principal and fluctuation of value.
Certain statements in this press release not based on historical facts are “forward-looking statements” within the meaning of the federal securities laws, including the Private Securities Litigation Reform Act of 1995, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Such forward-looking statements involve known and unknown risks and uncertainties that are difficult to predict and could cause our actual results, performance, or achievements to differ materially from those discussed. These include statements as to our future expectations, beliefs, plans, strategies, objectives, events, conditions, financial performance, prospects, or future events, including with respect to the timing and anticipated benefits of pending and recently completed transactions and expectations regarding acquisition opportunities. In some cases, forward-looking statements can be identified by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would,” and similar words and phrases. Forward-looking statements are necessarily based on estimates and assumptions that, while considered reasonable by us and our management, are inherently uncertain. Accordingly, you should not place undue reliance on forward-looking statements, which speak only as of the date they are made and are not guarantees of future performance. We do not undertake any obligation to publicly update or revise these forward-looking statements.
Various risks, uncertainties, assumptions, and factors that could cause our future results to differ materially from those expressed by the forward-looking statements included in this press release include, but are not limited to, risks, uncertainties, assumptions, and factors discussed in our Annual Report on Form 10-K for the year ended
Annualized, pro forma, projected, and estimated numbers are used for illustrative purposes only, are not forecasts, and may not reflect actual results.
The information, statements, and opinions contained in this document do not constitute a public offer under any applicable legislation or an offer to sell or solicitation of any offer to buy any securities or financial instruments or any advice or recommendation with respect to such securities or other financial instruments.
Not all products or services are available in all jurisdictions.
©
View source version on businesswire.com: https://www.businesswire.com/news/home/20241031516517/en/
Investor enquiries:
Head of Investor Relations
+1 303 336 4529
jim.kurtz@janushenderson.com
Or
Investor Relations
investor.relations@janushenderson.com
Media enquiries:
Global Head of Media Relations
+1 303 336 5452
candice.sun@janushenderson.com
Media Relations Director,
+44 (0)20 7818 2511
nicole.mullin@janushenderson.com
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