Houlihan Lokey reported first quarter fiscal 2023 financial results with revenues of $419 million and diluted EPS of $1.03. The company's diversified business model performed as expected, with a slowdown in global M&A closings offset by healthy new business activity in corporate finance and financial and valuation advisory segments. The company is also seeing a meaningful increase in distressed business opportunities.
First quarter fiscal 2023 revenues were $419 million.
First quarter fiscal 2023 diluted EPS was $1.03.
Adjusted first quarter fiscal 2023 diluted EPS was $1.10.
A dividend of $0.53 per share was announced for the second quarter fiscal 2023.
Regardless of the business environment we encounter in the coming quarters, we believe we are well positioned to successfully address a variety of market conditions.
Visualization of income flow from segment revenue to net income