Westwood Holdings Group (WHG) Q4 2024 earnings summary

Executive summary

• Institutional team won and funded eight mandates totaling over $600 million, doubling the prior year’s total.

• Boutique asset manager with $17.6B in AUM and a diverse suite of actively managed strategies for institutional, intermediary, and private wealth clients as of December 31, 2024.

• Launched four ETFs in 2024, including two Enhanced Income ETFs and two Defined Volatility ETFs, and expanded platform capabilities.

• Marked two-year anniversary of Salient Partners acquisition, exceeding expectations and enhancing product reach.

• Founding investor in the Texas Stock Exchange, signaling commitment to industry innovation.

Financial highlights

• Q4 2024 revenues were $25.6 million, up from $23.7 million in Q3 and $23.2 million in Q4 2023.

• Fiscal 2024 revenues reached $94.7 million, compared to $89.8 million in 2023.

• Q4 comprehensive income was $2.1 million ($0.24/share), up from $0.1 million ($0.01/share) in Q3.

• Non-GAAP economic earnings for Q4 were $3.4 million ($0.39/share), up from $1.1 million ($0.13/share) in Q3.

• Year-end assets under management and advisement totaled $17.6 billion.

Outlook and guidance

• Cautiously optimistic outlook with expectations for continued strong performance amid benign credit conditions and attractive equity valuations.

• Anticipates further growth in ETF platform and Managed Investment Solutions.

• Improved pipeline for traditional business expected to provide healthy opportunities in 2025 and beyond.