---
schema_version: "secwatch.filing_event.v1"
accession: "0001302215-23-000068"
form_type: "8-K"
ticker: "HLI"
cik: "0001302215"
company_name: "HOULIHAN LOKEY, INC."
filed_at: "2023-07-28T23:59:59+00:00"
generated_at: "2026-06-12T22:52:27.777706+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001302215-23-000068
- form_type: 8-K
- ticker: HLI
- cik: 0001302215
- company_name: HOULIHAN LOKEY, INC.
- filed_at: 2023-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000068/0001302215-23-000068-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000068/hli-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001302215-23-000068
- JSON: https://secwatch.observer/filing/0001302215-23-000068.json
- Plain text: https://secwatch.observer/filing/0001302215-23-000068.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1302215/000130221523000068/0001302215-23-000068-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.