Westwood Q4 revenues $23.2M, net income $2.6M vs loss; declares $0.15 dividend

WESTWOOD HOLDINGS GROUP INC

2023-FY EPS reported $1.17 revenue$89,781,000

Q4 revenues $23.2M (+13% YoY); comprehensive income $2.6M vs net loss of $3.1M in Q4 2022.
Non-GAAP Economic Earnings $5.2M ($0.63/share) vs loss of $0.7M ($0.09 loss) in Q4 2022.
Full year 2023 net income $10.6M ($1.17 diluted EPS) vs net loss of $4.6M ($0.59 loss) in 2022.
Cash $53.1M, no debt; AUM $15.5B; declared $0.15/share dividend payable April 3, 2024.
SmidCap Value institutional wins expected to fund H1 2024; Managed Investment Solutions team joined.

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 0.9

WESTWOOD HOLDINGS GROUP INC reported financial results for the quarter ended December 31, 2023.

Period: the quarter ended December 31, 2023
Result: reported results

Exact text from the filing

On February 14, 2024, Westwood Holdings Group, Inc. (“Westwood”) announced its financial results for the quarter ended December 31, 2023, a copy of which is furnished with this Current Report on Form 8-K as Exhibit 99.1.

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Source: SEC EDGAR

accession 0001165002-24-000009

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