earnings
confidence high
sentiment negative
materiality 0.75
Westwood Q3 revenue up to $23.7M but comprehensive income slumps to $0.1M; AUM hits $17.7B
WESTWOOD HOLDINGS GROUP INC
2024-Q3 EPS reported
$0.02
revenue$69,139,000
- Revenue of $23.7M (up from $22.7M Q2 and $21.9M YoY); comprehensive income $0.1M vs $3.4M YoY due to higher expenses and contingent consideration adjustment.
- GAAP diluted EPS $0.01 vs ($0.27) Q2 and $0.41 YoY; Non-GAAP Economic EPS $0.13 vs $0.80 YoY.
- Firmwide AUM $17.7B, highest in 6 years; cash $48.3M, no debt.
- Quarterly dividend of $0.15/share declared, payable Jan 3, 2025 to holders of record Dec 2, 2024.
- Partnership with ETF pioneer Ben Fulton (WEBs) to develop new ETF strategies; MDST ETF passed critical thresholds.