Westwood Q1 2024 comprehensive income $2.3M, up from $0.7M; revenue flat at $22.7M

WESTWOOD HOLDINGS GROUP INC

2024-Q1 EPS reported $0.27 revenue$22,732,000

Comprehensive income $2.3M vs $0.7M in Q1 2023; diluted EPS $0.27 vs $0.09.
Revenue $22.7M, flat YoY and sequentially; AUM/AUA $17.2B, highest in six years.
Non-GAAP Economic Earnings $3.0M ($0.36) vs $1.7M ($0.22) a year ago.
Declared $0.15/share dividend payable July 1, 2024; cash $46.6M, debt-free.
Launched two ETFs (MDST on NYSE, WEEI on NASDAQ) in Q2 2024.

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 first quarter 2024 results: revenue $22.7 million, net income $2.3 million, EPS $0.27 per share.

Period: first quarter 2024
Revenue: $22.7 million
Net income: $2.3 million
EPS: $0.27 per share
Result: reported results

Exact text from the filing

for our first actively-managed Exchange-Traded Funds ("ETFs") went effective in March and both ETFs were launched early in the second quarter. ▪ Quarterly revenues totaled $22.7 million versus the fourth quarter's $23.2 million and $22.7 million a year ago. Comprehensive income of $2.3 million compared with the fourth quarter's $2.6 million and $0.7 million in

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Source: SEC EDGAR

accession 0001165002-24-000037

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