NASDAQ$DHIL

Diamond Hill Investment Group Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Diamond Hill reported its financial results for the fourth quarter and full year ended December 31, 2024, showing an increase in revenue and net operating income for the year, alongside a decrease in net income and EPS for the fourth quarter compared to the previous year.

Diamond Hill's Q4 2024 results showed a revenue of $39.121 million, a 16% increase from Q4 2023. However, net income attributable to common shareholders decreased by 46% to $7.392 million, and diluted EPS fell by 43% to $2.73. For the full year 2024, revenue increased by 11% to $151.095 million, and net income attributable to common shareholders saw a slight increase to $43.178 million, with diluted EPS rising by 9% to $15.66.

  • Q4 2024 revenue increased by 16% to $39.121 million compared to Q4 2023.
  • Net income attributable to common shareholders for Q4 2024 decreased by 46% to $7.392 million.
  • Diluted earnings per share for Q4 2024 was $2.73, a 43% decrease from Q4 2023.
  • For the full year 2024, total AUM and AUA combined reached $31.9 billion, up from $29.2 billion in 2023.

Headline financials

Total Revenue

$39.1M

Previous: $33.8M+15.7%
EPS (adj)

$2.73

Previous: $4.76-42.6%
Capital Expenditures

-$957K

Previous: $0.00
Net Income

$7.39M

Previous: $13.6M-45.7%
Operating Income

$13.2M

Previous: $4.42M+199.9%

Revenue & EPS history

Diamond Hill · Revenue · Quarterly

$39.1M

Q4 2024+15.7%vs Q4 2023

Forward guidance

The Company's forward-looking statements indicate potential for continued growth in AUM/AUA and operational efficiency, but also acknowledge various risks that could impact actual results.

Tailwinds

  • Anticipated operating results and prospects for AUM or AUA growth.
  • Potential for technological developments to enhance business operations.
  • Continued focus on valuation-driven investment principles and long-term perspective.
  • Commitment to capacity discipline and client alignment.
  • Ongoing efforts to return capital to shareholders through repurchases and dividends.

Headwinds

  • Risk of reduction in AUM or AUA.
  • Potential for withdrawal, renegotiation, or termination of investment advisory agreements.
  • Challenges from competition and industry trends towards lower fee strategies.
  • Adverse regulatory and legal developments, including changes in tax laws.
  • Risks related to market volatility, interest rates, and inflation.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2024

Historical avgQ4 2024

-0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.4%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+9.8%

Q4 2021

Best reaction

-6.9%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2025+0.2%+0.8%+0.5%
Q3 2025-2.4%-2.2%-9.3%
Q2 2025-3.4%-6.3%-2.9%
Q1 2025-2.9%+4.7%+8.9%
Q4 2024-0.5%+1.0%-1.1%
Q3 2024+1.8%+9.7%+8.5%
Q2 2024-3.5%-9.7%-3.2%
Q1 2024+5.5%+2.9%-1.3%
Q4 2023+3.1%+3.3%+4.7%
Q3 2023-5.2%-2.3%+3.0%
Q2 2023-2.2%-2.2%-5.1%
Q1 2023-0.2%+0.4%+8.9%
Q4 2022-5.6%-6.5%-13.4%
Q3 2022-1.1%-0.3%+1.9%
Q2 2022-2.5%-3.9%-12.6%
Q1 2022-5.0%-6.7%-0.8%
Q4 2021+9.8%+17.1%+6.2%
Q3 2021+4.3%+10.7%+18.0%
Q2 2021+4.9%+6.1%+11.9%
Q1 2021+4.9%+7.3%+9.6%
Q4 2020-5.4%+0.3%+7.8%
Q3 2020+1.1%-1.2%+4.6%
Q2 2020-1.6%+3.9%+5.9%
Q1 2020+5.6%+3.2%+8.0%
Q4 2019-4.9%-5.4%-37.5%
Q3 2019+3.7%+7.7%+8.7%
Q2 2019-1.7%-2.0%-2.0%
Q1 2019+0.0%+1.7%-0.7%
Q4 2018-6.9%-8.7%-14.2%
Q3 2018+2.5%+1.5%+4.1%
Q2 2018+0.1%-1.7%-2.7%
Q1 2018-2.9%-1.7%+1.6%
Q4 2017-2.2%-1.6%-6.5%
Q3 2017+3.4%+0.6%+1.5%
Q2 2017-0.6%+0.1%-4.2%
Q1 2017+3.0%+1.9%+1.6%
Q4 2016-2.5%-3.4%-8.4%
Q3 2016-2.9%-0.8%+15.4%
Q2 2016-0.3%+2.4%-0.5%
Q1 2016-0.8%
Q4 2015-5.4%
Q3 2015+0.9%
Q2 2015-1.4%
Q1 2015+2.2%
Q4 2014+1.2%
Q3 2014+1.5%
Q2 2014-1.4%
Q1 2014-1.1%
Q4 2013+1.7%
Q3 2013-0.1%
Q2 2013+0.3%
Q1 2013-0.3%
Q4 2012+1.8%
Q3 2012+1.7%
Q2 2012+5.0%
Q1 2011+0.0%
Q1 2012+0.9%
Q4 2011+1.8%
Q4 2009+1.8%
Q3 2011-6.0%
Q3 2010-6.0%
Q4 2010+1.0%
Q2 2010+1.0%
Q2 2011+1.0%
Q1 2010-1.9%

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