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Mar 31, 2024
Moelis Q1 2024 Earnings Report
Moelis & Company's financial performance for Q1 2024, marked by revenue growth and strategic investments.
Key Takeaways
Moelis & Company reported a strong first quarter in 2024, with GAAP revenues of $217.5 million, a 17% increase compared to the previous year. The firm's GAAP net income was $17.5 million, resulting in earnings per share of $0.22. The company continues to execute its growth strategy, promoting advisory professionals and hiring managing directors in key sectors.
GAAP revenues reached $217.5 million, up 17% year-over-year.
GAAP net income was $17.5 million, with earnings per share at $0.22.
Seven advisory professionals were promoted to Managing Director.
Cash and liquid investments totaled $124.9 million with no debt or goodwill.
Forward Guidance
Moelis & Company's pipeline continues to strengthen following strategic investments in core areas of growth, positioning the firm to better service clients as the M&A market recovers.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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