Moelis Q1 2021 Earnings Report
Key Takeaways
Moelis & Company reported record first quarter revenues of $263.9 million, a 72% increase from the same period in 2020. The firm's GAAP net income was $1.00 per share (diluted), and adjusted net income was $1.02 per share (diluted), including a $0.27 per share tax benefit. The company declared a special dividend of $2.00 per share in addition to its regular quarterly dividend of $0.55 per share.
First quarter revenues reached $263.9 million, up 72% from the previous year.
GAAP net income was $1.00 per share (diluted), while adjusted net income was $1.02 per share (diluted), inclusive of a $0.27 per share tax benefit.
Adjusted pre-tax margin for the first quarter was 29% compared to 17% in the prior year period.
The company declared a dividend of $2.55 per share, including a special dividend of $2.00 per share.
Moelis
Moelis
Forward Guidance
The press release contains forward-looking statements, which reflect the Firm’s current views with respect to, among other things, its operations and financial performance. Such forward-looking statements are based on certain assumptions and estimates and subject to various risks and uncertainties.