Westwood Q4 revenue rises on ETF interest

Reuters
02/14
Westwood Q4 revenue rises on ETF interest

Overview

  • Asset manager's Q4 revenue rose yr/yr, driven by ETF and fund interest

  • Q4 net income decreased from Q3 due to higher incentive compensation

  • Company expanded ETF platform, now exceeds $200 mln in AUM

Outlook

  • Company did not provide specific financial guidance for the current quarter or year in its press release

Result Drivers

  • ETF AND FUND INTEREST - Revenue increase driven by significant investor interest in ETFs and private energy secondaries funds

  • HIGHER INCENTIVE COMPENSATION - Q4 net income decreased from Q3 due to higher performance-related incentive compensation

  • ETF PLATFORM EXPANSION - Expanded ETF platform now exceeds $200 million in AUM

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

$27.10 mln

Q4 Adjusted EPS

$0.36

Q4 EPS

$0.21

Press Release: ID:nGNX99mRZq

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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