Westwood Holdings Q3 revenue $21.9M, net income $4.4M, declares $0.15 dividend

WESTWOOD HOLDINGS GROUP INC

2023-Q3 EPS reported $0.86 revenue$66,552,000

Revenue $21.9M (flat QoQ, up from $15.4M YoY); net income $4.4M vs $2.9M Q2 and net loss of $1.2M Q3 2022.
Non-GAAP Economic Earnings $6.3M ($0.77/share) vs $5.7M Q2 and $0.8M year-ago.
Launched Managed Investment Solutions (customized index solutions) and Westwood Energy Secondaries Fund.
Declared $0.15 quarterly dividend, payable Jan 3, 2024 to holders of record Dec 1, 2023.
AUM $15.5B; cash and short-term investments $48.5M; no debt.

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 quarter ended September 30, 2023 results: net income $4.4 million, EPS $0.41.

Period: quarter ended September 30, 2023
Net income: $4.4 million
EPS: $0.41
Result: reported results

Exact text from the filing

Third quarter net income of $4.4 million compared to the second quarter's $2.9 million due to the receipt of life insurance proceeds offset by changes in the fair value of contingent consideration. Diluted earnings (loss) per share ("EPS") of $0.41 compared to $0.36 for the second quarter.

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WESTWOOD HOLDINGS GROUP INC filing history →

Source: SEC EDGAR

accession 0001165002-23-000082

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