secwatch.observer — SEC 8-K summary
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Issuer:     Moelis & Co (MC)
CIK:        0001596967
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0000950170-23-058231
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Moelis Q3 Adjusted rev +19% to $277.7M but net loss $0.15/sh; declares $0.60 dividend
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- GAAP net loss $11.4M ($0.16/sh); Adjusted net loss $11.3M ($0.15/sh) vs net income $0.37/sh a year ago.
- Adjusted revenues $277.7M, up 19% YoY, driven by restructuring and capital markets fee increases.
- First nine months: Adjusted revenues $645.2M (-16% YoY); Adjusted net loss $0.14/sh excluding $10.4M SEC settlement.
- Regular quarterly dividend $0.60/sh, payable Dec 22, 2023 to holders of record Nov 13, 2023.
- Hired 24 MDs YTD (5 since last earnings); launched Clean Technology Group; $297.8M cash, no debt or goodwill.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596967/000095017023058231/0000950170-23-058231-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596967/000095017023058231/mc-20231102.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-058231

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