Houlihan Lokey records $15M SEC settlement accrual; revises Q4/FY2023 GAAP EPS down

HOULIHAN LOKEY, INC.

SEC investigation for off-channel communications; $15M civil penalty intended
Q4 GAAP net income reduced from $75M to $60M; diluted EPS from $1.10 to $0.88
FY2023 GAAP net income reduced from $269M to $254M; diluted EPS from $3.98 to $3.76
Adjusted EPS unchanged at $1.11 Q4 and $4.54 FY; revenue unchanged at $445M Q4, $1.8B FY
Settlement in line with industry sweep; 14 firms previously settled for $7.5M-$125M each

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOULIHAN LOKEY, INC. reported preliminary financial results for fiscal year and fourth fiscal quarter ended March 31, 2023.

Period: fiscal year and fourth fiscal quarter ended March 31, 2023
Result: preliminary results

Exact text from the filing

On May 25, 2023, the Company provided a press release (the "Earnings Release Update") with respect to its Previously Released Financial Results for the fiscal year and fourth fiscal quarter ended March 31, 2023 included in the Original Earnings Release.

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HOULIHAN LOKEY, INC. filing history →

Source: SEC EDGAR

accession 0001193125-23-154264

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