Quarterly ResultMay 6, 2026, 04:23 PM
Hennessy Advisors Q2 Revenue $8.1M, EPS $0.24; Declares $0.15 Dividend
AI Summary
Hennessy Advisors, Inc. reported its second fiscal quarter results for March 31, 2026, with total revenue decreasing 12% to $8.1 million and net income falling 26% to $1.9 million, resulting in diluted EPS of $0.24. The company also declared a cash dividend of $0.15 per share, payable on June 4, 2026. Despite a decline in assets under management, the company increased its cash and cash equivalents, net of gross debt, by 20% to $32.8 million, indicating a focus on financial discipline and strategic growth opportunities.
Key Highlights
- Total revenue decreased 12% to $8.1 million.
- Net income decreased 26% to $1.9 million.
- Fully diluted earnings per share decreased 27% to $0.24.
- Average assets under management decreased 12% to $4.2 billion.
- Total assets under management decreased 8% to $3.9 billion.
- Cash and cash equivalents, net of gross debt, increased 20% to $32.8 million.
- Declared a cash dividend of $0.15 per share, payable June 4, 2026.
Price Impact
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