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Sep 30, 2022

Houlihan Lokey Q2 2023 Earnings Report

Houlihan Lokey's Q2 2023 revenues decreased due to a decline in Corporate Finance, but were partially offset by growth in Financial Restructuring and Financial and Valuation Advisory.

Key Takeaways

Houlihan Lokey reported Q2 2023 revenues of $490 million, a decrease from $537 million in Q2 2022. Diluted EPS was $0.87, compared to $1.65 in the prior year. Adjusted diluted EPS was $1.19, versus $1.71 in the same period last year. Growth in Financial Restructuring and Financial and Valuation Advisory partly offset headwinds in Corporate Finance.

Q2 2023 revenues reached $490 million.

Diluted EPS for Q2 2023 was $0.87.

Adjusted diluted EPS for Q2 2023 was $1.19.

Financial Restructuring and Financial and Valuation Advisory experienced revenue growth, offsetting Corporate Finance headwinds.

Total Revenue
$490M
Previous year: $537M
-8.9%
EPS
$1.19
Previous year: $1.71
-30.4%
CF Closed Transactions
114
Previous year: 134
-14.9%
FR Closed Transactions
24
Previous year: 20
+20.0%
FVA Fee Events
890
Previous year: 806
+10.4%
Gross Profit
$180M
Previous year: $204M
-11.9%
Cash and Equivalents
$504M
Previous year: $923M
-45.4%
Free Cash Flow
$71.8M
Previous year: $209M
-65.7%
Total Assets
$2.51B
Previous year: $2.36B
+6.5%

Houlihan Lokey

Houlihan Lokey

Houlihan Lokey Revenue by Segment

Forward Guidance

The firm remains confident it is well positioned across various types of macro-economic environments.

Revenue & Expenses

Visualization of income flow from segment revenue to net income