Houlihan Lokey FY2023 revenue down 20% to $1.81B; EPS $3.98; raises dividend to $0.55

HOULIHAN LOKEY, INC.

2023-FY EPS reported $3.76 revenue$1,809,447,000

FY2023 revenues $1.81B (-20% YoY); diluted EPS $3.98 vs $6.41; adjusted EPS $4.54 vs $7.10.
Q4 revenues $445M (-6% YoY); diluted EPS $1.10 vs $0.97; adjusted EPS $1.11 vs $1.30.
Corporate Finance segment revenue down 29% for FY; Financial Restructuring up 1%; FVA up 1%.
Board increased quarterly dividend to $0.55 per share from prior $0.42.
CEO sees strong new business in Corporate Finance and restructuring poised for growth in FY2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOULIHAN LOKEY, INC. reported the fourth quarter ended March 31, 2023 results: revenue $445 million, net income $75 million, EPS $1.10 per diluted share.

Period: the fourth quarter ended March 31, 2023
Revenue: $445 million
Net income: $75 million
EPS: $1.10 per diluted share
Result: reported results

Exact text from the filing

For the fourth quarter ended March 31, 2023, revenues declined (6)% to $445 million, compared with $471 million for the fourth quarter ended March 31, 2022. Net income was $269 million, or $3.98 per diluted share, for the fiscal year ended March 31, 2023, compared with $438 million, or $6.41 per diluted share, for the fiscal year ended March 31, 2022. Adjusted net income for the fiscal year ended March 31, 2023 was $315 million, or $4.54 per diluted share, compared with $485 million, or $7.10 per diluted share, for the fiscal year ended March 31, 2022. Net income was $75 million, or $1.10 per diluted share, for the fourth quarter ended March 31, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

HOULIHAN LOKEY, INC. reported the fiscal year ended March 31, 2023 results: revenue $1.81 billion, net income $269 million, EPS $3.98 per diluted share.

Period: the fiscal year ended March 31, 2023
Revenue: $1.81 billion
Net income: $269 million
EPS: $3.98 per diluted share
Result: reported results

Exact text from the filing

For the fiscal year, revenues declined (20)% to $1.81 billion, compared with $2.27 billion for the fiscal year ended March 31, 2022. For the fourth quarter ended March 31, 2023, revenues declined (6)% to $445 million, compared with $471 million for the fourth quarter ended March 31, 2022. Net income was $269 million, or $3.98 per diluted share, for the fiscal year ended March 31, 2023

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Source: SEC EDGAR

accession 0001302215-23-000013

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