earnings
confidence high
sentiment positive
materiality 0.80
Moelis reports record Q3 adjusted revenue of $515.9M, up 149% YoY; declares $2.50 special dividend
Moelis & Co
- GAAP revenue $490.8M, adjusted revenue $515.9M (record); GAAP diluted EPS $1.76, adjusted $1.77.
- Declared $2.50 special dividend plus $0.60 regular quarterly; payable Nov 19, record Nov 8.
- Cash and liquid investments $558.4M; no debt or goodwill on balance sheet.
- Adjusted net income $134.8M in Q3 vs $39.1M a year ago, up 245%.
- First nine months adjusted revenue $1,140.7M, up 119%; returned ~$530M in capital to shareholders.