Moelis Q3 revenues down 55% YoY to $232.4M, diluted EPS $0.37 vs $1.77

Moelis & Co

Adjusted revenues $232.4M, down 55% vs record Q3 2021; GAAP revenues $233.5M.
Adjusted diluted EPS $0.37, down from $1.77 in Q3 2021; GAAP net income $25.6M.
Declared regular quarterly dividend of $0.60 per share, payable Dec 2, 2022 to record Nov 14.
Repurchased 0.3M shares for $13.5M in Q3; YTD repurchases 3.2M shares for $146.3M.
Added 25 Managing Directors YTD (6 since last release); $340.9M cash, no debt or goodwill.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Moelis & Co reported third quarter ended September 30, 2022 results: revenue $233.5 million, net income $25.6 million, EPS $0.37 per share (diluted).

Period: third quarter ended September 30, 2022
Revenue: $233.5 million
Net income: $25.6 million
EPS: $0.37 per share (diluted)
Result: reported results

Exact text from the filing

The Firm's third quarter 2022 GAAP revenues were $233.5 million as compared with $490.8 million in the prior year period. On an Adjusted basis, the Firm’s third quarter revenues of $232.4 million decreased 55% from a record prior year period. The Firm reported third quarter 2022 GAAP net income of $25.6 million, or $0.37 per share (diluted).

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Source: SEC EDGAR

accession 0000950170-22-021255

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