secwatch.observer — SEC 8-K summary
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Issuer:     Moelis & Co (MC)
CIK:        0001596967
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000950170-23-014825
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Moelis Q1 adj. revenue $185M (-38% YoY); adj. EPS $0.05 incl. $0.05 tax benefit; dividend $0.60
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- GAAP revenue $187.8M, down 38% YoY; GAAP diluted EPS $0.05 (incl. $0.05/share tax benefit).
- Adjusted revenue $185.3M, down 38%; adjusted pre-tax margin 0.2% vs 29.2% a year ago.
- Declared regular quarterly dividend of $0.60 per share, payable June 23, 2023 to holders of record May 8, 2023.
- Appointed Jason Auerbach as Global Head of Technology IB, hired 10 additional tech-focused MDs.
- Balance sheet: $170.3M cash & short-term investments, no debt or goodwill; repurchased 1.1M shares for $44.5M to settle tax liabilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596967/000095017023014825/0000950170-23-014825-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596967/000095017023014825/mc-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-014825

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer