AC reports Q1 book value $42.80, net income $13.8M, AUM $1.55B

Associated Capital Group, Inc.

2024-Q1 EPS reported $0.64 revenue$3,011,000

Book value per share $42.80, up from $42.11 at Dec 31, 2023 and $41.30 a year ago.
Net income $13.8M ($0.64 diluted EPS) vs $17.8M ($0.81) in Q1 2023.
AUM $1.55B, down $42M from year-end due to net outflows of $43M and currency impact.
Revenue $3.0M, up from $2.5M; operating loss before mgmt fee $2.99M vs $2.59M.
Semi-annual dividend $0.10/share payable June 27; repurchased 117,354 Class A shares for $3.9M in Q1.

item 2.02 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

Associated Capital Group, Inc. reported the first quarter ended March 31, 2024 results: revenue 3,011, net income 13,821, EPS 0.64.

Period: the first quarter ended March 31, 2024
Revenue: 3,011
Net income: 13,821
EPS: 0.64
Result: reported results

Exact text from the filing

Financial Highlights ($ in 000's except AUM and per share data) (Unaudited) Three Months Ended March 31, 2024 2023 AUM - end of period (in millions) $ 1,549 $ 1,799 AUM - average (in millions) 1,556 1,841 Revenues 3,011 2,465 Operating loss before management fee (Non-GAAP) (2,988 ) (2,590 ) Investment and other non-operating income/(loss), net 22,625 24,735 Income/(loss) before income taxes 17,655 19,602 Net income/(loss) 13,821 17,754 Net income/(loss) per share-diluted 0.64 0.81 Class A shares outstanding (000's) 2,469 2,975 Class B " " 18,951 18,963 Total " " 21,420 21,938 Book value per share $ 42.80 $ 41.30

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Source: SEC EDGAR

accession 0001437749-24-016697

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