Westwood Q2 2024: Revenue $22.7M flat; comprehensive loss $2.2M; dividend $0.15/sh

WESTWOOD HOLDINGS GROUP INC

2024-Q1 EPS reported $0.01 revenue$45,420,000

Revenue $22.7M flat QoQ, up 3.7% YoY from $21.9M.
Comprehensive loss $2.2M vs income $2.3M Q1, including $3.8M charge for Salient contingent consideration.
Diluted EPS $(0.27) vs $0.27 Q1; Non-GAAP Economic Loss $0.5M ($0.06/sh).
Launched two ETFs (MDST, WEEI) with $43M and $13M net assets; 10.7% and 11.4% distribution rates.
Dividend $0.15/sh declared, payable Oct 1, record Sep 2.

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