Houlihan Lokey Q1 FY24 revenues $416M (-1% YoY), EPS $0.90 down 13%

HOULIHAN LOKEY, INC.

2024-Q1 EPS reported $0.90 revenue$415,829,000

Revenue $416M vs $419M YoY; diluted EPS $0.90 vs $1.03; adjusted EPS $0.89 vs $1.10.
Corporate Finance revenue $227M (-14% YoY), Financial Restructuring $123M (+56%), FVA $65M (-14%).
Declares Q2 FY24 dividend of $0.55 per share, payable on or about September 15, 2023 to holders of record August 31, 2023.
CEO notes 6th consecutive quarter of strong restructuring and soft M&A, but sees improving M&A pipeline.
Adjusted non-comp expenses $75.6M (18.2% of revenue) vs $59.6M (14.2%) due to continued infrastructure investment.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

HOULIHAN LOKEY, INC. reported first quarter ended June 30, 2023 results: revenue $416 million, net income $61 million, EPS $0.90 per diluted share.

Period: first quarter ended June 30, 2023
Revenue: $416 million
Net income: $61 million
EPS: $0.90 per diluted share
Result: reported results

Exact text from the filing

Houlihan Lokey Reports First Quarter Fiscal 2024 Financial Results – First Quarter Fiscal 2024 Revenues of $416 million – – First Quarter Fiscal 2024 Diluted EPS of $0.90 – – Adjusted First Quarter Fiscal 2024 Diluted EPS of $0.89 – – Announces Dividend of $0.55 per Share for Second Quarter Fiscal 2024 – LOS ANGELES and NEW YORK - July 27, 2023 - Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for its first quarter ended June 30, 2023. For the first quarter ended June 30, 2023, revenues were $416 million, compared with $419 million for the first quarter ended June 30, 2022. Net income was $61 million, or $0.90 per diluted share, for the first quarter ended June 30, 2023, compared with $71 million, or $1.03 per diluted share, for the first quarter ended June 30, 2022.

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accession 0001302215-23-000068

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