For the fiscal year ended March 31, Legg Mason generated $297.8 million in net earnings, a 56% increase over last year. Total revenue for the year was $1.941 billion, a 29% uptick from last year, helped mark it the second straight year that Legg Mason set company records.
The quarter ending March 31, 2004, was not a poor period, either. An 89% increase in net earnings to $91.9 million from $48.7 million the year before also set records. The company now possesses $286.4 billion in assets under management.