=Janus Henderson Group (JHG) reported earnings on Tue 31 July 2018 (a/h)

Janus Henderson Group plc is a global asset management group headquartered in the City of London, United Kingdom.

Headquarters: United Kingdom
Number of employees: 2,000
Founded: 2017


Janus Henderson Group misses by $0.01, reports revs in-line; names Dick Weil as CEO 

• Reports Q2 (Jun) earnings of $0.74 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.75; revenues rose 49.4% year/year to $592.4 mln vs the $590.76 mln Capital IQ Consensus.
• "Now that our integration plans are significantly progressed, our Board has determined that the co-CEO structure has achieved its goals, and now is the appropriate time for Janus Henderson to be led once again by a sole CEO." Board appoints Dick Weil as Chief Executive Officer ("CEO") of Janus Henderson Group plc.
  • Andrew Formica will resign his co-CEO role and Board seat effective immediately, but he has agreed to continue on as an advisor to assist with final integration efforts through the end of the year." In connection with the Board's decision, the firm will take a severance charge of approximately US$12 million, including the acceleration of long-term incentive compensation, that will be reflected in the third quarter results.
• On 31 July 2018, the Board declared a second quarter dividend in respect of the three months ended 30 June 2018 of US$0.36 per share. Shareholders on the register on the record date of 13 August 2018 will be paid the dividend on 24 August 2018.