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Dec 31, 2019
Moelis Q4 2019 Earnings Report
Moelis & Company's financial performance decreased in Q4 2019 compared to Q4 2018.
Key Takeaways
Moelis & Company reported a decrease in revenue and net income for the fourth quarter of 2019. Revenues decreased by 6% compared to the prior year period, while GAAP net income decreased by 52%. The company declared a special dividend of $0.75 per share and increased the regular quarterly dividend to $0.51 per share.
Q4 revenues decreased by 6% compared to the record fourth quarter of 2018.
GAAP net income was $0.38 per share (diluted) for the fourth quarter.
The company added 11 Managing Directors in 2019 through internal promotion and key hires.
A special dividend of $0.75 per share was declared, and the regular quarterly dividend was increased to $0.51 per share.
Forward Guidance
Moelis & Company is focused on investing in talent and executing on increased levels of activity.
Positive Outlook
- Strong pipeline of 2020 Managing Director hires
- Increase dividend for the seventh time
- Robust pipeline of Managing Director hires for 2020.
- Addressed capabilities in data science, fintech, specialty finance, oil & gas, and technology, media and telecommunications
- Enhanced coverage of the Benelux and Nordic regions and the Middle East
Challenges Ahead
- Revenues and net income can fluctuate materially depending on the number, size and timing of completed transactions
- Revenues decreased 6% over the prior year period
- Decrease in quarterly revenues was driven by a decrease in transaction completions
- GAAP net income decreased by 52%
Historical Earnings Impact
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Avg. Return Before/After Earnings
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