earnings
confidence high
sentiment positive
materiality 0.70
Hennessy Advisors FY2024 EPS up 46% to $0.92; revenue $29.6M (+23%)
HENNESSY ADVISORS INC
- Diluted EPS $0.92 vs $0.63 prior year; net income $7.1M, up 49%.
- Revenue $29.6M, up 23%; average AUM $3.7B, up 23%.
- Total AUM at year-end $4.6B (+53%); cash net of debt $23.7M (+17%).
- Executed all three strategy fronts: $72M mutual fund asset purchase, $549M net inflows, ~$1B market appreciation.
- All 17 Hennessy Funds posted positive 1-year returns; 10-year returns positive for all funds with track record.