Hennessy Advisors, Inc. Reports 125% Increase in Quarterly Earnings Per Share and Announces Quarterly Dividend
Hennessy Advisors (HNNA) reported strong financial results for Q1 FY2025 ended December 31, 2024. The company achieved total revenue of $9.7 million, up 58%, and net income of $2.8 million, a 136% increase year-over-year. Earnings per share rose 125% to $0.36. The firm's assets under management grew to $4.8 billion, representing a 46% increase.
The company declared a quarterly dividend of $0.1375 per share, representing an annualized yield of 4.6%. All 17 Hennessy Funds posted positive returns for 2024, with all funds showing positive returns over three years, and all 16 funds with 10+ years history achieving positive returns for both five and ten-year periods.
The company's cash position net of debt strengthened by 28% to $24.7 million. Management expressed optimism about market conditions, citing strong consumer spending, robust corporate profits, and mild inflation as factors supporting continued positive momentum.
Hennessy Advisors (HNNA) ha riportato risultati finanziari solidi per il primo trimestre dell'anno fiscale 2025, terminato il 31 dicembre 2024. L'azienda ha raggiunto un fatturato totale di 9,7 milioni di dollari, in aumento del 58%, e un utile netto di 2,8 milioni di dollari, con un incremento del 136% rispetto all'anno precedente. Gli utili per azione sono aumentati del 125% a 0,36 dollari. I beni in gestione dell'azienda sono cresciuti fino a 4,8 miliardi di dollari, rappresentando un aumento del 46%.
L'azienda ha dichiarato un dividendo trimestrale di 0,1375 dollari per azione, corrispondente a un rendimento annualizzato del 4,6%. Tutti i 17 Fondi Hennessy hanno registrato rendimenti positivi per il 2024, con tutti i fondi che mostrano rendimenti positivi negli ultimi tre anni, e tutti i 16 fondi con una storia di oltre 10 anni che hanno ottenuto rendimenti positivi sia per i periodi di cinque che di dieci anni.
La posizione di liquidità dell'azienda, al netto dei debiti, è migliorata del 28% a 24,7 milioni di dollari. La direzione ha espresso ottimismo riguardo alle condizioni di mercato, citando la forte spesa dei consumatori, i robusti profitti aziendali e l'inflazione moderata come fattori che sostengono un continuo slancio positivo.
Hennessy Advisors (HNNA) informó resultados financieros sólidos para el primer trimestre del año fiscal 2025, que finalizó el 31 de diciembre de 2024. La compañía logró un ingreso total de 9.7 millones de dólares, un aumento del 58%, y un ingreso neto de 2.8 millones de dólares, un incremento del 136% en comparación con el año anterior. Las ganancias por acción aumentaron un 125% a 0.36 dólares. Los activos bajo gestión de la firma crecieron a 4.8 mil millones de dólares, lo que representa un aumento del 46%.
La compañía declaró un dividendo trimestral de 0.1375 dólares por acción, lo que representa un rendimiento anualizado del 4.6%. Todos los 17 Fondos Hennessy presentaron rendimientos positivos para 2024, con todos los fondos mostrando rendimientos positivos en los últimos tres años, y los 16 fondos con más de 10 años de historia logrando rendimientos positivos tanto en periodos de cinco como de diez años.
La posición de efectivo de la compañía, neta de deudas, se fortaleció en un 28% hasta 24.7 millones de dólares. La dirección expresó optimismo sobre las condiciones del mercado, citando el fuerte gasto del consumidor, los robustos beneficios corporativos y la inflación moderada como factores que apoyan un continuo impulso positivo.
헤네시 어드바이저스 (HNNA)는 2024년 12월 31일에 종료된 2025 회계연도 1분기에 대한 강력한 재무 결과를 보고했습니다. 회사는 를 달성했으며, 이는 58% 증가한 수치입니다. 순이익은 280만 달러로 전년 대비 136% 증가했습니다. 주당 순이익은 125% 상승하여 0.36달러에 달했습니다. 회사의 운용 자산은 48억 달러로 증가하여 46%의 상승률을 기록했습니다.
회사는 주당 0.1375달러의 분기 배당금을 선언했으며, 이는 연간 수익률 4.6%를 나타냅니다. 17개의 헤네시 펀드는 모두 2024년 동안 긍정적인 수익률을 기록했으며, 모든 펀드는 3년 이상 긍정적인 수익률을 보였고, 10년 이상의 기록을 가진 16개의 펀드는 5년 및 10년 동안 모두 긍정적인 수익률을 달성했습니다.
회사의 부채를 제외한 현금 보유액은 28% 증가하여 2,470만 달러가 되었습니다. 경영진은 강력한 소비자 지출, 견고한 기업 이익, 온건한 인플레이션 등을 언급하며 시장 상황에 대한 낙관적인 입장을 표명했습니다.
Hennessy Advisors (HNNA) a rapporté des résultats financiers solides pour le premier trimestre de l'exercice 2025, se terminant le 31 décembre 2024. La société a réalisé un chiffre d'affaires total de 9,7 millions de dollars, en hausse de 58%, et un bénéfice net de 2,8 millions de dollars, soit une augmentation de 136% par rapport à l'année précédente. Le bénéfice par action a augmenté de 125% pour atteindre 0,36 dollar. Les actifs sous gestion de l'entreprise ont crû à 4,8 milliards de dollars, représentant une augmentation de 46%.
La société a déclaré un dividende trimestriel de 0,1375 dollar par action, représentant un rendement annualisé de 4,6%. Tous les 17 Fonds Hennessy ont affiché des rendements positifs pour 2024, tous les fonds ayant montré des rendements positifs sur trois ans, et tous les 16 fonds avec plus de 10 ans d'historique ayant obtenu des rendements positifs tant sur cinq que sur dix ans.
La position de trésorerie de l'entreprise, nette de dettes, a été renforcée de 28% pour atteindre 24,7 millions de dollars. La direction a exprimé son optimisme quant aux conditions du marché, citant la forte consommation, les bénéfices d'entreprise robustes et une inflation modérée comme des facteurs soutenant une dynamique positive continue.
Hennessy Advisors (HNNA) berichtete über starke finanzielle Ergebnisse für das erste Quartal des Geschäftsjahres 2025, das am 31. Dezember 2024 endete. Das Unternehmen erzielte einen Gesamtumsatz von 9,7 Millionen Dollar, was einem Anstieg von 58% entspricht, und einen Nettogewinn von 2,8 Millionen Dollar, was einer Steigerung von 136% im Jahresvergleich entspricht. Der Gewinn pro Aktie stieg um 125% auf 0,36 Dollar. Die Assets under Management des Unternehmens wuchsen auf 4,8 Milliarden Dollar, was einem Anstieg von 46% entspricht.
Das Unternehmen erklärte eine vierteljährliche Dividende von 0,1375 Dollar pro Aktie, was einer annualisierten Rendite von 4,6% entspricht. Alle 17 Hennessy-Fonds erzielten für 2024 positive Renditen, wobei alle Fonds über einen Zeitraum von drei Jahren positive Renditen aufwiesen und alle 16 Fonds mit einer Historie von über 10 Jahren positive Renditen sowohl für fünf als auch für zehn Jahre erzielten.
Die Netto-Cash-Position des Unternehmens, bereinigt um Schulden, stärkte sich um 28% auf 24,7 Millionen Dollar. Das Management äußerte Optimismus über die Marktbedingungen und nannte starke Verbraucherausgaben, robuste Unternehmensgewinne und eine moderate Inflation als Faktoren, die den anhaltenden positiven Schwung unterstützen.
- Net income increased 136% to $2.8 million
- Revenue grew 58% to $9.7 million
- EPS rose 125% to $0.36
- Assets under management increased 46% to $4.8 billion
- Cash position net of debt up 28% to $24.7 million
- All 17 funds posted positive returns for the year
- None.
Insights
The latest quarterly results from Hennessy Advisors showcase remarkable financial performance that significantly exceeds industry averages. The 136% surge in net income to
The expansion of assets under management to
The company's robust cash position of
Most impressively, all 17 Hennessy Funds delivered positive returns, with strong performance across multiple time horizons. This consistent track record is important for attracting and retaining assets in the competitive fund management industry, where performance is a key differentiator. The company's success in both equity and multi-asset strategies suggests effective diversification and risk management practices.
"2024 delivered record highs in the stock market, with the Dow Jones Industrial Average returning
"We are extremely proud of the performance of our products through December 31, 2024: all 17 Hennessy Funds posted positive returns for the year. Over the longer term, all our Funds delivered positive returns for the three-year period ended December 31, 2024, and all 16 Hennessy Funds with at least 10 years of operating history achieved positive returns for both the five-year and ten-year periods," he added.
"Our strong product performance, supported by a consistent business model and effective distribution and marketing strategies, has driven a nearly
Summary Highlights (compared to the prior comparable quarter ended December 31, 2023):
- Total revenue of
$9.7 million 58% . - Net income of
$2.8 million 136% . - Fully diluted earnings per share of
$0.36 125% . - Average assets under management, upon which revenue is earned, of
$4.8 billion 59% . - Total assets under management of
$4.8 billion 46% . - Cash and cash equivalents, net of gross debt, of
$24.7 million 28% .
Three Months Ended Dec 31, | Change | |||||||
2024 | 2023 | Amount | Percent | |||||
Total Revenue | $ 9,707,818 | $ 6,143,843 | $ 3,563,975 | 58.0 % | ||||
Net Income | 2,834,223 | 1,200,095 | 1,634,128 | 136.2 % | ||||
Earnings Per Share (Diluted) | 0.36 | 0.16 | 0.20 | 125.0 % | ||||
Weighted Average Number of Shares Outstanding (Diluted) | 7,862,881 | 7,673,688 | 189,193 | 2.5 % | ||||
Average Assets Under Management | 4,824,051,149 | 3,038,241,860 | 1,785,809,289 | 58.8 % | ||||
As of Dec 31, | ||||||||
2024 | 2023 | |||||||
Total Assets Under Management | $ 4,778,981,545 | $ 3,280,372,061 | $ 1,498,609,484 | 45.7 % | ||||
Cash and Cash Equivalents, Net of Gross Debt Balance | 24,728,893 | 19,355,225 | 5,373,668 | 27.8 % | ||||
* | Based on the closing stock price of |
About Hennessy Advisors, Inc.
Hennessy Advisors, Inc. is a publicly traded investment manager offering a broad range of domestic equity, multi-asset, and sector and specialty funds. Hennessy Advisors, Inc. is committed to providing superior service to shareholders and employing a consistent and disciplined approach to investing based on a buy‑and‑hold philosophy that rejects the idea of market timing.
Supplemental Information
Nothing in this press release shall be considered a solicitation to buy or an offer to sell a security to any person in any jurisdiction where such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction.
Forward-Looking Statements
This press release contains "forward-looking statements" for which Hennessy Advisors, Inc. claims the protection of the safe harbor contained in the Private Securities Litigation Reform Act of 1995. Forward‑looking statements relate to expectations and projections about future events based on currently available information. Forward‑looking statements are not a guarantee of future performance or results and are not necessarily accurate indications of the times at which, or means by which, such performance or results may be achieved. Forward‑looking statements are subject to risks, uncertainties, and assumptions, including those described in the sections entitled "Risk Factors" and elsewhere in the reports that Hennessy Advisors, Inc. files with the Securities and Exchange Commission. Unforeseen developments could cause actual performance or results to differ substantially from those expressed in, or suggested by, the forward‑looking statements. Hennessy Advisors, Inc. management does not assume responsibility for the accuracy or completeness of the forward-looking statements and undertakes no responsibility to update any such statement after the date of this press release to conform to actual results or to changes in expectations.
Media Contacts: | Hibre Teklemariam |
Hennessy Advisors, Inc. | SunStar Strategic |
Terry@hennessyadvisors.com; 800-966-4354 | HTeklemariam@sunstarstrategic.com; 703-894-1057 |
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SOURCE Hennessy Advisors, Inc.
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