secwatch.observer — SEC 8-K summary
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Issuer:     HOULIHAN LOKEY, INC. (HLI)
CIK:        0001302215
Form:       8-K
Filed at:   2023-07-28T23:59:59+00:00
Accession:  0001302215-23-000068
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1302215/000130221523000068/0001302215-23-000068-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1302215/000130221523000068/hli-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001302215-23-000068

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer