Westwood Holdings reports Q2 net income $2.9M vs year-ago loss; revenue $21.9M

WESTWOOD HOLDINGS GROUP INC

2023-Q2 EPS reported $0.45 revenue$44,672,000

Q2 revenue $21.9M, down from Q1 $22.7M but up from $15.6M a year ago; net income $2.9M ($0.36 EPS) vs net loss $0.4M.
Non-GAAP Economic Earnings $5.7M ($0.70/sh) vs $1.6M ($0.20/sh) in Q2 2022; cash $38.1M, no debt.
Declared $0.15 quarterly dividend payable Oct 2, 2023 to holders of record Sep 1, 2023.
AUM/AUA totaled $16.2B; positive institutional inflows in Large Cap and SmidCap strategies.
60% of US value strategies beat benchmarks; Select Income and Global Real Estate posted top-decile Morningstar ranks.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

WESTWOOD HOLDINGS GROUP INC reported second quarter 2023 results: revenue $21.9 million, net income $2.9 million.

Period: second quarter 2023
Revenue: $21.9 million
Net income: $2.9 million
Result: reported results

Exact text from the filing

Revenues totaled $21.9 million compared with the first quarter's $22.7 million and $15.6 million a year ago. Net income of $2.9 million compared with the first quarter's $0.7 million and a net loss of $0.4 million in 2022's second quarter.

View on SEC.gov

44 earnings releases filed in the last 30 days. Browse all earnings releases →

WESTWOOD HOLDINGS GROUP INC filing history →

Source: SEC EDGAR

accession 0001165002-23-000068

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.