Westwood Holdings (WHG) Reports Q1 EPS of $1.20
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Westwood Holdings Group, Inc. Reports First Quarter 2015 Results
April 29, 2015 4:05 PM EDTAssets Under Management Increase to a Record $21.7 Billion
Quarterly Net Inflows Total $1.1 Billion
DALLAS--(BUSINESS WIRE)-- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2015 revenues of $29.6 million, a 14% increase compared to revenues of $25.9 million in the first quarter of 2014. First quarter 2015 net income and diluted earnings per share (Diluted EPS) were $5.6 million and $0.71, respectively, and included Woodway transaction costs, net of tax, of $0.5 million, which negatively impacted Diluted EPS by approximately $0.06. Net income and Diluted EPS were $5.6 million and $0.72, respectively, in the first quarter of 2014.
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