Westwood Holdings Group, Inc. (WHG) Q3 2024 Earnings Conference Call Transcript Summary
Westwood Holdings Group, Inc. (WHG) Q3 2024 Earnings Conference Call Transcript Summary
Assets under management reached $17.7 billion, a 5% increase from the prior quarter, marking a six-year high.The following is a summary of the Westwood Holdings Group, Inc. (WHG) Q3 2024 Earnings Conference Call Transcript:
以下是Westwood Holdings Group, Inc. (WHG)第三季度2024年業績會通話記錄摘要：
Financial Performance:
金融業績：
Westwood reported Q3 2024 total revenues of $23.7 million, an increase from previous quarters and years.
Q3 comprehensive income was $0.1 million, with non-GAAP economic earnings at $1.1 million or $0.13 per share.
Assets under management reached $17.7 billion, a 5% increase from the prior quarter, marking a six-year high.
Westwood報告了2024年第三季度總收入爲2370萬美元，較之前季度和年度有所增加。
第三季度綜合收入爲10萬美元，非GAAP經濟收益爲110萬美元，每股收益爲0.13美元。
管理資產達到了177億美元，較上一季度增長5%，創下六年來的最高水平。
Business Progress:
業務進展：
Launched two energy ETFs, MDST and WEEI, and established a joint venture for innovative ETFs called Westwood Engineered Beta (WEBs).
Achieved strong institutional flows and robust sales pipeline nearing $2 billion.
Entered phase 1 of Managed Investment Solutions, aiming to secure the first client.
Announced a leadership change in Westwood Wealth Management with Brian Casey resuming executive responsibilities.
推出了兩隻能源etf，MDSt和WEEI，併成立了一家名爲Westwood Engineered Beta (WEBs)的創新etf合資企業。
實現強勁的機構資金流入和接近20億美元的穩健銷售業務。
已進入管理投資解決方案的第一階段，旨在確保第一位客戶。
宣佈在Westwood Wealth Management進行領導變革，Brian Casey恢復執行職責。
Opportunities:
機會：
Launched innovative financial products and joint ventures in ETFs, reflecting adaptation to market demands.
Expanding Managed Investment Solutions and custom index solutions.
Targeting growth in the energy sector with a full suite of investment products.
推出創新的金融產品和etf的合作伙伴關係，體現對市場需求的適應。
擴大管理投資解決方案和定製指數解決方案。
以完整的投資產品套件，針對能源行業的增長目標。
Risks:
風險：
Faced quarterly net outflows across several channels, indicating potential challenges in client retention and acquisition.
Leadership transition in Wealth Management could pose risks to client relationships and business continuity.
在幾個渠道上面臨季度淨流出，表明客戶保留和獲取可能面臨挑戰。
财富管理中的領導層過渡可能對客戶關係和業務連續性構成風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
