secwatch.observer — SEC 8-K summary
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Issuer:     Moelis & Co (MC)
CIK:        0001596967
Form:       8-K
Filed at:   2024-02-07T23:59:59+00:00
Accession:  0000950170-24-012213
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Moelis Q4 revenue up 6% but posts adjusted net loss $0.06/share; full year revenue down 11%
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- Q4 GAAP revenues $214.9M (+4% YoY); Adjusted revenues $214.9M (+6% YoY).
- Q4 GAAP net loss $6.5M ($0.08 loss per share); Adjusted net loss $4.8M ($0.06 loss per share) vs prior year profit.
- Full year GAAP revenues $854.7M (-13% YoY); Adjusted revenues $860.1M (-11% YoY). GAAP net loss $27.5M ($0.36 loss per share).
- Board declared regular quarterly dividend of $0.60 per share, payable March 28, 2024 to holders of record Feb 20, 2024.
- Hired 24 Managing Directors in 2023; added 10 more since Jan 2024. Balance sheet: $349.3M cash, no debt/goodwill.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1596967/000095017024012213/0000950170-24-012213-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1596967/000095017024012213/mc-20240207.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-012213

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