2023-08-02 16:37:58 ET
- Westwood Holdings press release ( NYSE: WHG ): Q2 Non-GAAP EPS of $0.70.
- Revenue of $21.9M (+40.4% Y/Y).
- The second quarter was impacted by a $4.1 million gain from the change in fair value of contingent consideration.
- Non-GAAP Economic Earnings of $5.7 million compared with the first quarter's $3.6 million and $1.6 million in last year's second quarter.
- Westwood held $38.1 million in cash and short-term investments as of June 30, 2023, up $5.8 million from the first quarter. Stockholders' equity totaled $114.1 million and we have no debt.
- We declared a cash dividend of $0.15 per common share, payable on October 2, 2023 to stockholders of record on September 1, 2023.
For further details see:
Westwood Holdings Non-GAAP EPS of $0.70, revenue of $21.9M