Latest news with #BrianCasey
Finextra
08-07-2025
- Business
- Finextra
What Will The Next Generation of the Investing Landscape Look Like?
Whilst attending the Communify Fincentric Experience 2025, Brian Casey, CEO, Westwood Holding Group, joined the FinextraTV studio and shared his thoughts on the event, the importance of networking and how exciting the next generation of investing will be. As part of this next generation, Casey says investors will continue to look for objective advice and guidance against the backdrop of a plethora of options.
Indianapolis Star
10-06-2025
- Automotive
- Indianapolis Star
ECM Announces PrintStator v8.3, Providing Innovators with the ‘World's Fastest Motor Design Platform'
NEEDHAM, MA / ACCESS Newswire ECM PCB Stator Tech has announced PrintStator v8.3, a major update to its award-winning Motor CAD platform. The new version enables electromagnetic motor designs and optimized datasheets in just seconds-now with automated 'smart' design validation and feedback. It's a game-changing leap in speed and interactivity for advanced motor development powered by ECM's patented PCB Stator technology. 'We're putting the most powerful motor design tool I've ever seen directly into the hands of innovators and engineers, ' said ECM CEO Brian Casey. 'This isn't just about speed-it's about redefining how, where, and how quickly electric motors can be designed and brought to life. At ECM, we're obsessed with continuous improvement and technological advancement. v8.3 is a major leap-but it's far from the finish line. We'll continue pushing the boundaries of what's possible with this best available motor technology.' From Award-Winning Beta to Real-World Adoption 2024 was a breakout year for ECM. After releasing the beta version of PrintStator, the software earned recognition from leading technology and engineering institutions-taking home awards from Automate, SXSW, CES, Design World and more. More importantly, ECM's technology began powering real commercial products, including a new direct-drive racing wheel designed in partnership with Thrustmaster -proving that PrintStator isn't just disruptive in theory, but in-market. ECM Engineers Interfacing with PrintStator What's New in PrintStator v8.3 The latest update introduces a suite of backend and usability improvements: 100x Faster Optimization – Electromagnetic simulations and motor performance datasheet generation now complete in as little as 1-2 seconds, presenting a 100x magnitude speed improvement that enables near real-time iteration and dramatically accelerates motor design workflows. From Simulation to Housing in Hours – Engineers can now move directly from optimized motor outputs to mechanical integration. PrintStator v8.3 automatically generates parametric models and CAM- and CAD-ready housing designs-cutting mechanical handoff times from weeks to hours. JSON-Based Optimizer Output – Optimization results are now delivered in a clean, machine-readable .json format-making it easier to integrate with external CNC tools, CAD workflows, and automated manufacturing systems. Enhanced Flux-in-the-Gap Modeling – Improved magnetic flux calculations within the motor air gap boost simulation accuracy without compromising speed. This update leverages robust parallelization techniques to increase model fidelity while maintaining near real-time compute performance. Global Production with Gerber Output – While not new to v8.3, PrintStator continues to support direct Gerber file export-enabling flexible, regionalized manufacturing through any global PCB fabrication house. This enables flexible, tariff-mitigating production through regionalized or onshore manufacturing. Early Work on AI Design Assistant – Development is underway on a generative, AI-guided motor design assistant-aimed at further accelerating concept iteration by building on ECM's existing constraint-driven design language. ECM's PrintStator software generates Gerber files that can be sent directly to PCB manufacturers for immediate production-resulting in fully optimized motor solutions. Looking Ahead: ECM's Roadmap Frontend Overhaul & Custom API Development With backend speed now at 'miracle mode,' ECM's software team is focused on a complete frontend overhaul-developing a more intuitive UI and a custom API that will give users greater control over the optimization process and enable future integration with industry-leading CAD/CAM SaaS platforms. 'We're redesigning the front-end experience to match the power of what's under the hood,' said Casey. 'When leading engineers can design PCB Stator motors directly inside their CAD environment, we'll unlock an entirely new level of technology adoption on a global scale.' Enabling Vertical Integration, Reshoring & Tariff Mitigation As PrintStator adoption grows, ECM is helping OEMs vertically integrate motor design and production-eliminating winding lines, reducing reliance on specialized labor, and enabling motors to be manufactured anywhere PCB fabs exist. This unlocks geographic flexibility, supports onshoring/reshoring strategies, and helps partners mitigate tariffs by building motors closer to point of use. Partner Enablement at Every Stage With this latest software update, ECM continues to support both new and existing partners in launching custom motor development projects using the PrintStator platform-from initial prototyping to global production. Alpha and Beta Software access for select partners is slated for release later this year, further expanding collaboration and design velocity across industries. 'We have clear visibility through partner engagements into a future where leading enterprises are vertically integrating their motor supply chains and disrupting legacy models. With major OEMs and new entrants adopting ECM's software and patented technology, we're not just powering innovation-we're enabling the franchising of next-generation motor OEMs. ECM is catalyzing a true paradigm shift in how electric motors are developed, sourced, and scaled,' Casey added. 'In 2025, ECM is already seeing adoption from global leaders in robotics, consumer appliances, haptics, gaming, HVAC, and pump manufacturing-all leveraging PrintStator at serious scale.' About ECM PCB Stator Tech ECM PCB Stator Tech delivers the only full-stack platform for electric motor innovation-empowering partners to design, prototype, and optimize next-generation PCB Stator motors with unprecedented precision and speed. With PrintStator Motor CAD and patented axial flux hardware, ECM enables the development of compact, efficient, and quiet motors that: Learn more about ECM's PCB Stator solutions and PrintStator Motor CAD platform at and in these videos: 'How Does a PCB Stator Work?' and ' A New Way to Build Motors Without Winding Lines ' Contact Information Sam Jones Director of Marketing and Communications sjones@ or explore PrintStator View the original press release on ACCESS Newswire
Yahoo
20-05-2025
- Business
- Yahoo
An opening date has been set for Bellingham's second Trader Joe's market
Bellingham, you may have an easier time finding a parking spot at Trader Joe's as the new location now has an opening date. Bellingham's second Trader Joe's location is set to open Thursday, May 29, according to a news release from the company. 'This 9,831-square-foot store will be the second Trader Joe's in Bellingham,' the news release states. 'Moments before the doors open at 8 a.m., Store Captain Brian Casey and Trader Joe's crew members will host a brief ribbon-cutting ceremony and welcome customers to their new neighborhood store.' The new store takes over the previous location of Bed Bath & Beyond at 4255 Meridian St., which closed in 2023. 'The crew has designed the store to immerse you in a Pacific Northwest experience at Trader Joe's, like an outdoor excursion paired with great food and beverages,' the news release states. 'As a neighborhood grocery store, Trader Joe's prides itself on hiring from the local community. The store hired more than 30 new crew members from surrounding areas and transferred in others from neighboring Trader Joe's stores.' 'In addition, through the company's longstanding Neighborhood Shares Program, the new Bellingham (North) Trader Joe's will donate 100% of products that go unsold but remain fit to enjoy to a range of nonprofit, community-based organizations, seven days a week.' The grand opening ceremony will begin at 7:55 a.m. Thursday, May 29. Trader Joe's new location will be open from 8 a.m. to 9 p.m. daily at 4255 Meridian St., in the Cordata Center.
Irish Independent
14-05-2025
- Health
- Irish Independent
Friends rally to bring home Louth man who has spent seven months in a Thailand hospital
Friends of a Louth man who has been in hospital in Thailand for seven months after falling ill while on holidays are trying to get him back to Sweden where he has been living for several years. Brian Casey, who is originally from Oakland Park, had travelled to Thailand last year. When he lost contact with his friends they started worrying about him and eventually traced him to a hospital.
Globe and Mail
30-04-2025
- Business
- Globe and Mail
Westwood Holdings Group, Inc. Reports First Quarter 2025 Results
Exceptional sales performance drives positive flows in Institutional and Intermediary channels Strategic ETF platform expansion continues with launch of LBRTY Global Equity ETF (NYSE:BFRE) One-year anniversary of Westwood Salient Enhanced Midstream Income (MDST) with an annualized distribution rate of 10.5% DALLAS, April 30, 2025 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE: WHG) today reported first quarter 2025 earnings. Significant items included: Investment strategies beating their primary benchmarks included SMidCap, SmallCap Value, Select Equity, Dividend Select, Enhanced Balanced, Income Opportunity, Alternative Income and Balanced. SMidcap and Select Equity posted top third rankings in their peer universe, Dividend Select posted a top quarter ranking in its peer universe. Quarterly revenues totaled $23.3 million, down from the fourth quarter's $25.6 million and up from $22.7 million a year ago. Income of $0.5 million compared with $2.1 million in the fourth quarter $2.3 million in 2024's first quarter. Non-GAAP Economic Earnings of $2.5 million compared with $3.4 million in the fourth quarter and $3.0 million in the first quarter of 2024. Westwood held $26.9 million in cash and liquid investments as of March 31, 2025, down $17.7 million from the fourth quarter following contingent consideration and compensation and benefits payments. Stockholders' equity totaled $119.3 million and we have no debt. We declared a cash dividend of $0.15 per common share, payable on July 1, 2025 to stockholders of record on June 2, 2025. Brian Casey, Westwood's CEO, commented, "We are extremely pleased with our strong start to 2025, delivering exceptional results across our business. Our Institutional channel achieved remarkable success, highlighted by winning a significant nearly $1 billion sub-advisory mandate in our Small Cap Value strategy. Our Intermediary channel recorded its best sales quarter since 2022, with particular strength in our energy offerings. Our ETF business continues to gain momentum, with our flagship MDST ETF reaching its one-year anniversary with a 10.5% annualized distribution rate, while we successfully launched our innovative Westwood LBRTY Global Equity ETF. With our diverse product lineup, robust pipeline, and continued focus on high-quality investments, we are well-positioned to navigate market uncertainties and deliver long-term value to our clients and shareholders." Revenues decreased from the fourth quarter due to lower performance-based fees and increased from last year's first quarter due to higher average assets under management ("AUM"). Firmwide assets under management and advisement totaled $18.0 billion, consisting of AUM of $17.0 billion and assets under advisement ("AUA") of $1.0 billion. First quarter income of $0.5 million compared to the fourth quarter's $2.1 million on lower revenues and higher operating expenses, offset by lower income taxes and changes in the fair value of contingent consideration. Diluted earnings per share ("EPS") of $0.05 compared to $0.24 for the fourth quarter. Non-GAAP Economic Earnings of $2.5 million, or $0.29 per share, compared with $3.4 million, or $0.39 per share, in the fourth quarter. First quarter income of $0.5 million compared to last year's first quarter of $2.3 million due to changes in the fair value of contingent consideration in 2024 offset by higher revenues and lower income taxes. Diluted EPS of $0.05 compared with $0.27 per share for 2024's first quarter. Non-GAAP Economic Earnings were $2.5 million, or $0.29 per share, compared with $3.0 million, or $0.36 per share, in the first quarter of 2024. Economic Earnings and Economic EPS are non-GAAP performance measures and are explained and reconciled with the most comparable GAAP numbers in the attached tables. Westwood will host a conference call to discuss first quarter 2025 results and other business matters at 4:30 p.m. Eastern time today. To join the conference call, please register here: After registering, you will be provided with a dial-in number containing a personalized PIN. To view the webcast, please register here: Once registered, an email will be sent with important details for this conference call, as well as a unique Registrant ID. ABOUT WESTWOOD HOLDINGS GROUP Westwood Holdings Group (NYSE: WHG) is a boutique asset management firm that offers a diverse array of actively-managed and outcome-oriented investment strategies, along with white-glove trust and wealth services, to institutional, intermediary and private wealth clients. For over 40 years, Westwood's client-first approach has fostered strong, long-term client relationships due to our unwavering commitment to delivering bespoke investment strategies with a vehicle-optimized approach, exceptional counsel and unparalleled client service. Our flexible and agile approach to investing allows us to adapt to constantly changing markets, while continually seeking innovative strategies that meet our investors' short and long-term needs. Our team at Westwood comes from varied backgrounds and life experiences, which reflects our origins as a woman-founded firm. We are committed to incorporating diverse insights and knowledge into all aspects of our services and solutions. Our culture and approach to our business reflect our core values - integrity, reliability, responsiveness, adaptability, teamwork and driving results - and underpin our constant pursuit of excellence. For more information on Westwood, please visit Forward-looking Statements Statements in this press release that are not purely historical facts, including, without limitation, statements about our expected future financial position, results of operations or cash flows, as well as other statements including without limitation, words such as 'anticipate,' 'believe,' 'expect,' 'could,' and other similar expressions, constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results and the timing of some events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including, without limitation: the composition and market value of our AUM and AUA; our ability to maintain our fee structure in light of competitive fee pressures; risks associated with actions of activist stockholders; distributions to our common stockholders have included and may in the future include a return of capital; inclusion of foreign company investments in our AUM; regulations adversely affecting the financial services industry; our ability to maintain effective cyber security; litigation risks; our ability to develop and market new investment strategies successfully; our reputation and our relationships with current and potential customers; our ability to attract and retain qualified personnel; our ability to perform operational tasks; our ability to select and oversee third-party vendors; our dependence on the operations and funds of our subsidiaries; our ability to maintain effective information systems; our ability to prevent misuse of assets and information in the possession of our employees and third-party vendors, which could damage our reputation and result in costly litigation and liability for our clients and us; our stock is thinly traded and may be subject to volatility; competition in the investment management industry; our ability to avoid termination of client agreements and the related investment redemptions; the significant concentration of our revenues in a small number of customers; we have made and may continue to make business combinations as a part of our business strategy, which may present certain risks and uncertainties; our relationships with investment consulting firms; our ability to identify and execute on our strategic initiatives; our ability to declare and pay dividends; our ability to fund future capital requirements on favorable terms; our ability to properly address conflicts of interest; our ability to maintain adequate insurance coverage; our ability to maintain an effective system of internal controls; and the other risks detailed from time to time in Westwood's SEC filings, including, but not limited to, its annual report on Form 10-K for the year ended December 31, 2024 and its quarterly report on Form 10-Q for the quarter ended March 31, 2025. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Except as required by law, Westwood is not obligated to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. SOURCE: Westwood Holdings Group, Inc. (in thousands, except per share and share amounts) (unaudited) Three Months Ended March 31, 2025 December 31, 2024 March 31, 2024 REVENUES: Advisory fees: Asset-based $ 17,731 $ 18,025 $ 16,817 Performance-based — 1,393 — Trust fees 5,429 5,635 5,113 Trust performance-based fees — 482 — Other, net 92 47 802 Total revenues 23,252 25,582 22,732 EXPENSES: Employee compensation and benefits 14,501 14,090 14,711 Sales and marketing 760 641 628 Westwood mutual funds 897 880 721 Information technology 2,667 2,450 2,290 Professional services 1,613 717 1,489 General and administrative 2,882 3,044 2,901 (Gain) loss from change in fair value of contingent consideration — 1,199 (2,949) Total expenses 23,320 23,021 19,791 Net operating income (loss) (68) 2,561 2,941 Net investment income 383 593 455 Other income 277 219 185 Income before income taxes 592 3,373 3,581 Income tax provision 115 1,274 1,415 Net income $ 477 $ 2,099 $ 2,166 Less: income (loss) attributable to noncontrolling interest (1) 43 (130) Income attributable to Westwood Holdings Group, Inc. $ 478 $ 2,056 $ 2,296 Earnings per Westwood Holdings Group, Inc. share: Basic $ 0.06 $ 0.25 $ 0.28 Diluted $ 0.05 $ 0.24 $ 0.27 Weighted average shares outstanding: Basic 8,253,912 8,271,614 8,099,028 Diluted 8,781,743 8,756,976 8,392,496 Economic Earnings $ 2,514 $ 3,377 $ 3,012 Economic EPS $ 0.29 $ 0.39 $ 0.36 Dividends declared per share $ 0.15 $ 0.15 $ 0.15 WESTWOOD HOLDINGS GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value and share amounts) (unaudited) March 31, 2025 December 31, 2024 ASSETS Cash and cash equivalents $ 9,418 $ 18,847 Accounts receivable 16,062 14,453 Investments, at fair value (amortized cost of $18,216 and $26,788) 19,696 27,694 Investments under measurement alternative 11,747 10,747 Equity method investments 4,208 4,250 Income taxes receivable 186 295 Other assets 7,537 6,780 Goodwill 39,501 39,501 Deferred income taxes 2,469 2,244 Operating lease right-of-use assets 2,299 2,559 Intangible assets, net 21,040 21,668 Property and equipment, net of accumulated depreciation of $8,556 and $8,424 825 951 Total assets $ 134,988 $ 149,989 LIABILITIES AND STOCKHOLDERS' EQUITY Accounts payable and accrued liabilities $ 6,035 $ 6,413 Dividends payable 2,299 2,466 Compensation and benefits payable 2,416 10,924 Operating lease liabilities 2,852 3,197 Contingent consideration — 4,657 Total liabilities 13,602 27,657 Stockholders' Equity: Common stock, $0.01 par value, authorized 25,000,000 shares, issued 12,363,367 and 12,137,080, respectively and outstanding 9,379,675 and 9,234,575, respectively 124 122 Additional paid-in capital 202,299 202,239 Treasury stock, at cost – 2,983,692 and 2,902,505, respectively (89,612) (88,277) Retained earnings 6,535 6,207 Total Westwood Holdings Group, Inc. stockholders' equity 119,346 120,291 Noncontrolling interest in consolidated subsidiary 2,040 2,041 Total equity 121,386 122,332 Total liabilities and stockholders' equity $ 134,988 $ 149,989 WESTWOOD HOLDINGS GROUP, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (in thousands) (unaudited) Three Months Ended March 31, 2025 2024 CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 477 $ 2,166 Adjustments to reconcile net income to net cash provided by (used in) operating activities: Depreciation 132 174 Amortization of intangible assets 1,045 1,042 Net change in unrealized (appreciation) depreciation on investments 80 (632) Stock-based compensation expense 1,327 1,515 Deferred income taxes (226) (844) Non-cash lease expense 296 269 Fair value change of contingent consideration — (2,949) Changes in operating assets and liabilities: Net (purchases) sales of trading securities 7,959 12,404 Accounts receivable (1,608) (784) Other current assets (696) (242) Accounts payable and accrued liabilities (464) 719 Compensation and benefits payable (8,508) (6,591) Income taxes payable 109 2,240 Other liabilities (381) (354) Contingent consideration (4,442) — Net cash (used in) provided by operating activities (4,900) 8,133 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (6) (3) Purchases of investments (1,000) — Additions to internally developed software (412) — Net cash used in investing activities (1,418) (3) CASH FLOWS FROM FINANCING ACTIVITIES: Restricted stock returned for payment of taxes (1,335) (940) Payment of contingent consideration in acquisition (201) — Cash dividends (1,575) (1,724) Net cash used in financing activities (3,111) (2,664) NET CHANGE IN CASH AND CASH EQUIVALENTS (9,429) 5,466 Cash and cash equivalents, beginning of period 18,847 20,422 Cash and cash equivalents, end of period $ 9,418 $ 25,888 SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid during the period for income taxes $ 232 $ 9 Accrued dividends $ 2,299 $ 2,047 Additional operating lease right-of-use assets $ 36 $ — WESTWOOD HOLDINGS GROUP, INC. AND SUBSIDIARIES Reconciliation of Income Attributable to Westwood Holdings Group, Inc. to Economic Earnings (in thousands, except per share and share amounts) (unaudited) As supplemental information, we are providing non-GAAP performance measures that we refer to as Economic Earnings and Economic EPS. We provide these measures in addition to, not as a substitute for, income attributable to Westwood Holdings Group, Inc. and earnings per share, which are reported on a GAAP basis. Our management and Board of Directors review Economic Earnings and Economic EPS to evaluate our ongoing performance, allocate resources, and review our dividend policy. We believe that these non-GAAP performance measures, while not substitutes for GAAP income attributable to Westwood Holdings Group, Inc. or earnings per share, are useful for management and investors when evaluating our underlying operating and financial performance and our available resources. We do not advocate that investors consider these non-GAAP measures without also considering financial information prepared in accordance with GAAP. We define Economic Earnings as income attributable to Westwood Holdings Group, Inc. plus non-cash equity-based compensation expense, amortization of intangible assets and deferred taxes related to goodwill. Although depreciation on fixed assets is a non-cash expense, we do not add it back when calculating Economic Earnings because depreciation charges represent an allocation of the decline in the value of the related assets that will ultimately require replacement. Although gains and losses from changes in the fair value of contingent consideration are non-cash, we do not add or subtract those back when calculating Economic Earnings because gains and losses on changes in the fair value of contingent consideration are considered regular following an acquisition. In addition, we do not adjust Economic Earnings for tax deductions related to restricted stock expense or amortization of intangible assets. Economic EPS represents Economic Earnings divided by diluted weighted average shares outstanding.
