SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported)... April 28, 1994
...................... FRANKLIN RESOURCES, INC. ..................
(Exact name of registrant as specified in its charter)
.... DELAWARE .................. 1-9318 ........... 13-2670991 ...
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
777 MARINERS ISLAND BLVD., SAN MATEO, CALIFORNIA .. 94404 ........
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code..(415) 312-2000
..................................................................
(Former name or former address, if changed since last report)
Item 5. Other Events
Registrant is filing this Form 8-K in order to file a current
earnings press release. By this filing, Registrant is not
establishing the practice of filing all earnings press releases
in the future and may discontinue such filings at any time.
Item 7. Financial Statements and Exhibits
(c)Exhibits
Exhibit "A" - Press Release issued on April 28, 1994 by
Franklin Resources, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
FRANKLIN RESOURCES, INC.
(Registrant)
Date: April 28, 1994 /s/ LESLIE M. KRATTER
.........................................
Leslie M. Kratter, Vice President
Exhibit "A" to Franklin Resources, Inc Form 8-K Dated April 28, 1994
FROM: Franklin Resources, Inc.
Tel: (415) 312-4701
Contact: Holly Gibson
Howard J. Rubenstein Associates, Inc.
Public Relations - Tel: (212) 489-6900
Contact: David Sternstein
FOR IMMEDIATE RELEASE
FRANKLIN RESOURCES POSTS RECORD SECOND QUARTER RESULTS
SAN MATEO, CA, April 28, 1994 - Franklin Resources, Inc. (NYSE:BEN) today
reported unaudited earnings for the quarter and six months ended March 31, 1994.
Charles B. Johnson, President of the diversified financial services
company, said net income for the quarter increased to $68.6 million from $42.2
million, or to $0.82 per share from $0.51 a year ago. Revenues for the period
were $213.6 million, compared to $157.0 million. Average shares outstanding for
the quarter were 84,046,461 compared to 82,942,051 a year ago.
Net income for the six months increased to $127.6 million from $77.0
million, or to $1.52 per share from $0.94 per share in the same year-earlier
period. Revenues were $412.1 million, compared to $287.8 million.
Assets under management by the company's subsidiaries rose to $112 billion
from $96 billion this time last year, but decreased from the high of $117
billion at January 31, 1994.
Franklin Resources' main business is the $112 billion Franklin/Templeton
Group. The Company has its headquarters at 777 Mariners Island Blvd.,
San Mateo, CA. 94404.
<TABLE>
<CAPTION>
Franklin Resources, Inc.
Consolidated Income Statements
Unaudited (dollar amounts in thousands, except per share data)
For the Three Months For the Six Months
Ended March 31 Ended March 31
1994 1993 1994 1993
<S> <C> <C> <C> <C>
Total operating revenues 213,628. 157,003. 412,116. 287,751.
Income before taxes 102,089. 62,950. 191,224. 119,173.
Net income $68,601. $42,232. $127,602. $76,997.
Earnings per share:
Primary $.82 $.51 $1.52 $.94
Fully diluted $.82 $.51 $1.52 $.94
Weighted Average Primary Shares
Outstanding 84,046. 82,942. 84,001. 81,974.
Weighted Average Fully Diluted
Shares Outstanding 84,046. 82,942. 84,001. 81,974.
Assets Under Management $112 billion $96 billion
</TABLE>
