Moelis

Feb 10, 2021

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Dec 31, 2020

Moelis Q4 2020 Earnings Report

Moelis & Company reported record fourth quarter revenues and increased quarterly dividend by 44%.

Key Takeaways

Moelis & Company reported record fourth quarter revenues of $422.0 million, up 89% from the same period in 2019. GAAP net income was $1.97 per share (diluted), and adjusted net income was $1.99 per share (diluted). The company increased its regular quarterly dividend by 44% to $0.55 per share.

Record fourth quarter revenues of $422.0 million, up 89% from the same period of 2019.

GAAP net income of $1.97 per share (diluted) for the fourth quarter of 2020; Adjusted net income of $1.99 per share (diluted) for the fourth quarter of 2020.

Increased regular quarterly dividend 44% to $0.55 per share.

Ended 2020 with cash and short term investments of $375.1 million and no debt or goodwill.