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Sep 30, 2020
Houlihan Lokey Q2 2021 Earnings Report
Houlihan Lokey's financial performance in Q2 2021 showed increased revenues and earnings per share.
Key Takeaways
Houlihan Lokey reported revenues of $276 million for the second quarter of fiscal year 2021, compared to $273 million for the same period in the previous year. Net income increased to $49 million, or $0.70 per diluted share, from $33 million, or $0.50 per diluted share, in the prior year. Adjusted diluted EPS was $0.75, compared to $0.70 in the prior year.
Second Quarter Fiscal 2021 Revenues were $276 million.
Second Quarter Fiscal 2021 Diluted EPS reached $0.70.
Adjusted Second Quarter Fiscal 2021 Diluted EPS was $0.75.
A dividend of $0.33 per share was announced for the Third Quarter Fiscal 2021.
Revenue by Segment
Forward Guidance
The COVID-19 pandemic has had a substantial effect on the global markets, and has created uncertainty, volatility and dislocation among a wide variety of sectors. Revenues during the second quarter ended September 30, 2020 continued to be impacted by the COVID-19 pandemic and the company expects it to continue to have an effect on our business, revenues, and operating results in the short term. While our CF revenues will be adversely impacted for an indeterminable period of time by the economic effects of COVID-19, we continue to see an increase in the demand for services in our FR business.
Positive Outlook
- Strong revenues in Financial Restructuring.
- Strong revenues in Capital Markets.
- Good momentum in all three product lines.
- Increase in the demand for services in Financial Restructuring business.
- Employees working hard to deliver exceptional advice to clients.
Challenges Ahead
- Challenging environment due to COVID-19.
- Lower revenues in M&A due to the pandemic.
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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