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Dec 31, 2024
Moelis Q4 2024 Earnings Report
Moelis & Company reported strong financial results for the fourth quarter and full year ended December 31, 2024, with significant increases in revenues and net income.
Key Takeaways
Moelis & Company reported a substantial increase in fourth-quarter revenues by 104% to $438.7 million and a significant rise in GAAP net income to $99.8 million. Full-year revenues also grew by 40% to $1,194.5 million, reflecting strong performance across all products, particularly M&A.
Fourth quarter revenues increased by 104% to $438.7 million compared to the prior year period.
Full year 2024 GAAP revenues reached $1,194.5 million, a 40% increase from the prior year.
Diluted GAAP EPS for the fourth quarter was $1.15, and Adjusted diluted EPS was $1.18.
The company increased its regular quarterly dividend by 8% to $0.65 per share.
Forward Guidance
Moelis & Company is encouraged by its momentum heading into 2025 and believes it is well-positioned for continued growth, supported by its integrated global team and strategic promotions.
Positive Outlook
- Continued execution on growth strategy, including promotions and new hires.
- Strong balance sheet with significant cash and no debt or goodwill.
- Increased regular quarterly dividend reflects confidence in future performance.
- Momentum heading into 2025 suggests continued strong performance.
- Firm is well-positioned to continue delivering for clients and shareholders.
Challenges Ahead
- Revenues and net income can fluctuate materially depending on transaction number, size, and timing.
- Financial results in any particular quarter may not be representative of future results over a longer period of time.
- The company did not provide specific quantitative forward guidance for future periods.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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