Westwood Holdings Group, Inc. (WHG) Reports Q1 EPS of $0.50

Westwood Holdings Group, Inc. (NYSE: WHG) reported Q1 EPS of $0.50, versus $0.49 reported last year. Revenue for the quarter came in at $16.67 million, versus $23.86 million reported last year.

Brian Casey, Westwood’s President and CEO, commented, "The first quarter of 2020 will go down in history as one of the toughest on record. Our U.S. investment teams performed well and we had solid momentum in our sales and distribution efforts prior to the Covid-19 shutdown. The investments we have made in technology over the past several years allowed our entire team to work seamlessly from their homes. We held daily management team meetings and weekly crisis team meetings to manage through the early stages of the global pandemic. We completed the remainder of our buyback program and established a new $10.0 million share repurchase program for future flexibility while remaining debt free. We are suspending our second quarter dividend in order to preserve capital during these unprecedented times. Our Board of Directors will review the dividend each quarter for potential reinstatement when we have greater clarity with respect to the economy and the capital markets."

For earnings history and earnings-related data on Westwood Holdings Group, Inc. (WHG) click here.

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