earnings
confidence high
sentiment negative
materiality 0.75
Houlihan Lokey Q2 rev $490M (-9% YoY); adj EPS $1.19; Corp Fin -19%; $0.53 dividend
HOULIHAN LOKEY, INC.
2023-Q2 EPS reported
$1.90
revenue$908,181,000
- Revenue $490M, down 9% YoY from $537M; GAAP diluted EPS $0.87 vs $1.65.
- Adjusted diluted EPS $1.19 vs $1.71; adjusted net income $83M vs $117M.
- Corporate Finance revenue $315M (-19% YoY); Financial Restructuring +17%, FVA +17% (second-best quarter ever).
- Declared Q3 FY2023 dividend of $0.53 per share.
- Management sees improving restructuring cycle and increasing deal closings in Corporate Finance.