Moelis Q1 revenues $217.5M, up 17% YoY; EPS $0.22 including $0.14 tax benefit

Moelis & Co

GAAP revenues $217.5M (up 16% YoY); adjusted revenues $217.5M (up 17% YoY).
GAAP net income $17.5M ($0.22 diluted EPS); adjusted net income $18.3M ($0.22 diluted EPS).
Declares quarterly dividend of $0.60 per share payable June 20, 2024 to holders of record May 6, 2024.
Hired four Managing Directors (three in Energy, one for credit funds); promoted seven to MD.
Balance sheet: $124.9M 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 0.99

Moelis & Co reported first quarter ended March 31, 2024 results: revenue $217.5 million, net income $17.5 million, EPS $0.22 per share (diluted).

Period: first quarter ended March 31, 2024
Revenue: $217.5 million
Net income: $17.5 million
EPS: $0.22 per share (diluted)
Result: reported results

Exact text from the filing

Moelis & Company (NYSE:MC) today reported financial results for the quarter ended March 31, 2024. The Firm's first quarter GAAP revenues were $217.5 million as compared with $187.8 million in the prior year period. On an Adjusted basis, the Firm’s first quarter revenues of $217.5 million increased 17% from the prior year period. The Firm reported GAAP net income of $17.5 million and $0.22 per share (diluted) for the first quarter of 2024.

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Source: SEC EDGAR

accession 0000950170-24-047597

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