Workflow
Westwood Holdings Group, Inc. Reports First Quarter 2025 Results
WHGWestwood(WHG) GlobeNewswire·2025-04-30 20:10

Core Insights - Westwood Holdings Group, Inc. reported strong performance in Q1 2025, with significant achievements in both Institutional and Intermediary channels, including a nearly 1billionsub−advisorymandateinSmallCapValuestrategyandthebestsalesquartersince2022intheIntermediarychannel[2][3]−ThecompanylaunchedtheLBRTYGlobalEquityETFandcelebratedtheone−yearanniversaryoftheMDSTETF,whichhasanannualizeddistributionrateof10.51 billion sub-advisory mandate in Small Cap Value strategy and the best sales quarter since 2022 in the Intermediary channel [2][3] - The company launched the LBRTY Global Equity ETF and celebrated the one-year anniversary of the MDST ETF, which has an annualized distribution rate of 10.5% [1][2] - Firmwide assets under management (AUM) totaled 18.0 billion, comprising 17.0billioninAUMand17.0 billion in AUM and 1.0 billion in assets under advisement (AUA) [3] Financial Performance - Quarterly revenues were 23.3million,downfrom23.3 million, down from 25.6 million in the previous quarter but up from 22.7millionayearago[7]−NetincomeforQ12025was22.7 million a year ago [7] - Net income for Q1 2025 was 0.5 million, a decrease from 2.1millioninQ42024and2.1 million in Q4 2024 and 2.3 million in Q1 2024 [4][5] - Diluted earnings per share (EPS) were 0.05comparedto0.05 compared to 0.24 in Q4 2024 and 0.27inQ12024[4][5]EconomicEarnings−Non−GAAPEconomicEarningsforQ12025were0.27 in Q1 2024 [4][5] Economic Earnings - Non-GAAP Economic Earnings for Q1 2025 were 2.5 million, or 0.29pershare,comparedto0.29 per share, compared to 3.4 million, or 0.39pershareinQ42024,and0.39 per share in Q4 2024, and 3.0 million, or 0.36pershareinQ12024[4][5][7]−Thecompanydeclaredacashdividendof0.36 per share in Q1 2024 [4][5][7] - The company declared a cash dividend of 0.15 per common share, payable on July 1, 2025 [7] Balance Sheet and Cash Flow - As of March 31, 2025, total assets were 134.988million,downfrom134.988 million, down from 149.989 million at the end of Q4 2024 [14] - Cash and cash equivalents decreased to 9.418millionfrom9.418 million from 18.847 million in the previous quarter [15] - Stockholders' equity totaled $119.3 million, with no debt reported [7][14]