earnings
confidence high
sentiment positive
materiality 0.75
Moelis Q2 rev $360.9M (+126% YoY), GAAP EPS $1.17, adj EPS $1.19, div $0.60, $100M buyback
Moelis & Co
- Q2 2021 revenue $360.9M (+126% YoY), GAAP net income $93.2M ($1.17 diluted EPS) vs ($0.10) loss prior year.
- Adjusted net income $90.0M ($1.19 diluted EPS); adjusted pre-tax margin 34% vs (11%) prior year period.
- Quarterly dividend increased 9% to $0.60/share, payable Sept 17, 2021, record date Aug 2, 2021.
- Board authorized additional $100M share repurchase; H1 2021 repurchased 1.8M shares for $95.9M.
- Balance sheet: $280.7M cash, zero debt or goodwill; added 11 Managing Directors year-to-date.