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Jun 30, 2020
Houlihan Lokey Q1 2021 Earnings Report
Houlihan Lokey's revenues decreased while net income increased due to the COVID-19 pandemic
Key Takeaways
Houlihan Lokey reported a decrease in revenues to $211 million compared to $250 million in the same quarter last year. However, net income increased to $46 million, or $0.69 per diluted share, compared to $43 million, or $0.65 per diluted share, for the same quarter last year. The decrease in revenues was mainly due to decreased Corporate Finance revenues, partially offset by increased Financial Restructuring revenues.
First quarter fiscal 2021 revenues were $211 million.
First quarter fiscal 2021 diluted EPS was $0.69.
Adjusted first quarter fiscal 2021 diluted EPS was $0.56.
Dividend increased to $0.33 per share for second quarter fiscal 2021.
Revenue by Segment
Forward Guidance
The COVID-19 pandemic is expected to continue to have an adverse effect on the business, revenues, and operating results in the short term. However, the company continues to see an increase in the demand for services in its FR business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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