Moelis Q3 2024 Earnings Report

Moelis & Company reported financial results with adjusted revenues increasing by 1% year-over-year.

Key Takeaways

Moelis & Company reported third quarter GAAP revenues of $273.8 million. Adjusted revenues increased by 1% year-over-year to $280.7 million. The firm reported GAAP net income of $0.22 per share (diluted) and Adjusted net income of $0.22 per share (diluted).

Third quarter GAAP revenues were $273.8 million; Adjusted revenues were $280.7 million, up 1% from the prior year period.

GAAP net income was $0.22 per share (diluted) for the third quarter; Adjusted net income was $0.22 per share (diluted) for the third quarter.

The company promoted seven advisory professionals to Managing Director and hired eight Managing Directors year-to-date.

The company has a strong balance sheet with cash and short-term investments of $297.7 million and no debt or goodwill.

Previous year: -$0.15

-246.7%