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Jun 30, 2023

Houlihan Lokey Q1 2024 Earnings Report

Houlihan Lokey's financial performance reflected strength in financial restructuring and softness in the M&A market, with improvements anticipated in the M&A environment.

Key Takeaways

Houlihan Lokey reported first quarter fiscal 2024 revenues of $416 million, a slight decrease compared to $419 million in the same period last year. Diluted EPS was $0.90, while adjusted diluted EPS was $0.89. The company saw strength in financial restructuring offset by softness in the M&A market.

Revenues for the first quarter fiscal 2024 reached $416 million.

Diluted EPS for the first quarter fiscal 2024 was reported as $0.90.

Adjusted diluted EPS for the first quarter fiscal 2024 was $0.89.

A dividend of $0.55 per share for the second quarter fiscal 2024 was announced.

Total Revenue
$416M
Previous year: $419M
-0.7%
EPS
$0.89
Previous year: $1.1
-19.1%
CF Closed Transactions
95
Previous year: 124
-23.4%
FR Closed Transactions
30
Previous year: 16
+87.5%
FVA Fee Events
786
Previous year: 876
-10.3%
Gross Profit
$152M
Previous year: $153M
-0.4%
Cash and Equivalents
$456M
Previous year: $489M
-6.7%
Free Cash Flow
-$149M
Previous year: -$283M
-47.2%
Total Assets
$2.71B
Previous year: $2.44B
+11.1%

Houlihan Lokey

Houlihan Lokey

Houlihan Lokey Revenue by Segment

Forward Guidance

Houlihan Lokey did not provide specific forward guidance in this earnings report.

Revenue & Expenses

Visualization of income flow from segment revenue to net income