Diamond Hill Q2 revenue up 10% to $36.7M; GAAP EPS $2.93 (down 8%); appoints Gordon Fowler to board

DIAMOND HILL INVESTMENT GROUP INC

2024-Q2 EPS reported $7.57 revenue$72,956,263

Revenue $36.7M (+10% YoY); diluted GAAP EPS $2.93 vs $3.18; adjusted diluted EPS $2.88 vs $2.35.
Combined AUM/AUA $31.1B vs $27.9B a year ago; net client inflows $229M vs $103M outflows in Q2 2023.
Net income attributable to common shareholders $8.1M (-14% YoY); net operating margin 33% vs 23%.
Quarterly dividend of $1.50/share declared, payable Sept 13, 2024 to holders of record Aug 29.
Board expanded to 7 directors; Gordon B. Fowler Jr. appointed as independent director, effective July 29.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Gordon B. Fowler Jr.

Director

DIAMOND HILL INVESTMENT GROUP INC

Effective: 2024-07-29
Filed: July 31, 2024, 7:59 PM ET

on July 29, 2024, the Board: (1) increased the size of the Board from six directors to seven directors, and (2) appointed Gordon B. Fowler, Jr. to serve as a director on the Board and fill the seat created by the increase in the number of directors on the Board.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Gordon B. Fowler Jr. was appointed as Director at DIAMOND HILL INVESTMENT GROUP INC.

Action: appointed
Role: Director

Exact text from the filing

on July 29, 2024, the Board: (1) increased the size of the Board from six directors to seven directors, and (2) appointed Gordon B. Fowler, Jr. to serve as a director on the Board and fill the seat created by the increase in the number of directors on the Board.

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Source: SEC EDGAR

accession 0000909108-24-000032

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