Quarterly ResultAug 5, 2026, 04:59 PM
Hennessy Advisors Q3 Revenue +4%, Net Income -6%; Declares $0.15 Dividend
AI Summary
Hennessy Advisors, Inc. reported its third fiscal quarter 2026 results, with total revenue increasing 4.2% to $8.4 million. However, net income decreased 5.7% to $2.0 million and diluted EPS fell 3.8% to $0.25, primarily due to accelerated recognition of financing costs from the early redemption of $40.25 million in notes payable. The company also declared a quarterly cash dividend of $0.15 per share. Average assets under management grew 4.0% to $4.3 billion, and total assets under management increased 2.6% to $4.4 billion, while net cash position improved by 17.6% to $35.4 million.
Key Highlights
- Total revenue increased 4.2% year-over-year to $8.4 million.
- Net income decreased 5.7% year-over-year to $2.0 million.
- Fully diluted earnings per share was $0.25, a decrease of 3.8% year-over-year.
- Declared a quarterly cash dividend of $0.15 per share.
- Average assets under management increased 4.0% year-over-year to $4.3 billion.
- Total assets under management increased 2.6% year-over-year to $4.4 billion.
- Cash and cash equivalents, net of gross debt, increased 17.6% to $35.4 million.
- Redeemed $40.25 million in notes payable six months ahead of maturity.
Price Impact
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