Westwood Q1 revenue $17.2M, net income $0.1M; EPS $0.01 vs $0.52 YoY

WESTWOOD HOLDINGS GROUP INC

2022-Q3 EPS reported $0.01 revenue$17,216,000

Revenue $17.2M vs Q4 $19.4M and Q1 2021 $18.3M; lower performance fees drove decline.
Net income $0.1M ($0.01 diluted EPS) vs Q4 $2.8M ($0.36) and Q1 2021 $4.1M ($0.52).
Non-GAAP Economic Earnings $1.9M ($0.24/share) vs Q4 $4.7M ($0.59) and Q1 2021 $6.3M ($0.79).
AUM $13.9B at March 31, down from $14.5B at Dec 31, 2021; cash $73.5M, no debt.
Quarterly dividend $0.15/share declared, payable July 1, 2022 to holders of record June 3.

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