Moelis reports Q2 GAAP net loss $0.17; revenue down 26%; declares $0.60 dividend; SEC settlement $10M

Moelis & Co

Q2 GAAP revenues $179.9M, down 26% YoY; adjusted revenues $182.2M, down 23%.
GAAP net loss of $0.17 per share; adjusted net loss of $0.04 per share.
Declares regular quarterly dividend of $0.60 per share, payable Sep 22 to holders of record Aug 7.
Agreed $10M civil penalty with SEC staff to resolve messaging app recordkeeping investigation; subject to SEC approval.
Hired 19 Managing Directors in H1 2023; two additional Industrials-focused MDs expected to join.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Moelis & Co reported financial results for second quarter ended June 30, 2023.

Period: second quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On July 26, 2023, Moelis & Company issued a press release announcing financial results for the second quarter ended June 30, 2023.

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Source: SEC EDGAR

accession 0000950170-23-034731

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