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Dec 31, 2022

Houlihan Lokey Q3 2023 Earnings Report

Houlihan Lokey's financial performance was reported for Q3 2023, showing revenues of $456 million and a diluted EPS of $0.90.

Key Takeaways

Houlihan Lokey reported Q3 2023 revenues of $456 million and diluted EPS of $0.90. The firm was recognized as the #1 M&A advisor globally based on the number of completed transactions, the #1 restructuring advisor globally based on both the number of completed transactions and value, and the #1 most active fairness opinion advisor by volume for the past 25 years, per Refinitiv.

Revenues for Q3 2023 were $456 million, compared to $889 million for Q3 2021.

Diluted EPS for Q3 2023 was $0.90, compared to $2.54 for Q3 2021.

Adjusted diluted EPS for Q3 2023 was $1.14, compared to $2.90 for Q3 2021.

The company announced a dividend of $0.53 per share for Q4 2023.

Total Revenue
$456M
Previous year: $889M
-48.6%
EPS
$1.14
Previous year: $2.9
-60.7%
CF Closed Transactions
125
Previous year: 238
-47.5%
FR Closed Transactions
28
Previous year: 21
+33.3%
FVA Fee Events
876
Previous year: 901
-2.8%
Gross Profit
$167M
Previous year: $339M
-50.8%
Cash and Equivalents
$549M
Previous year: $1.06B
-48.1%
Free Cash Flow
$77.2M
Previous year: $547M
-85.9%
Total Assets
$2.67B
Previous year: $3.05B
-12.3%

Houlihan Lokey

Houlihan Lokey

Houlihan Lokey Revenue by Segment

Forward Guidance

This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” and similar expressions that do not relate to historical matters.

Revenue & Expenses

Visualization of income flow from segment revenue to net income