NYSE$HLI

Houlihan Lokey Inc. · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported second quarter fiscal 2022 financial results.

Houlihan Lokey reported strong second quarter fiscal 2022 results, with revenues reaching $537 million and diluted EPS of $1.65. Adjusted diluted EPS stood at $1.71. The company also announced a dividend of $0.43 per share for the third quarter of fiscal 2022.

  • Second quarter fiscal 2022 revenues reached $537 million.
  • Second quarter fiscal 2022 diluted EPS was $1.65.
  • Adjusted second quarter fiscal 2022 diluted EPS was $1.71.
  • A dividend of $0.43 per share was announced for the third quarter fiscal 2022.

Headline financials

Total Revenue

$537M

Previous: $276M+94.9%
EPS (adj)

$1.71

Previous: $0.75+128.0%
CF Closed Transactions

134

Previous: 53+152.8%
CF Managing Directors

126

Previous: 125+0.8%
FR Closed Transactions

20

Previous: 30-33.3%
FR Managing Directors

51

Previous: 47+8.5%
FVA Fee Events

806

Previous: 539+49.5%
FVA Managing Directors

37

Previous: 31+19.4%
Capital Expenditures

$1.1M

Previous: -$6.55M+116.8%
Free Cash Flow

$209M

Previous: $88.3M+136.7%
Net Income

$113M

Previous: $94.9M+19.0%
Operating Income

$157M

Previous: $66.9M+135.2%
Gross Profit

$204M

Previous: $90.8M+124.5%
Cash & Equivalents

$923M

Previous: $422M+118.7%
Total Assets

$2.36B

Previous: $1.84B+28.4%

Revenue & EPS history

Houlihan Lokey · Revenue · Quarterly

$537M

Q2 2022+94.9%vs Q2 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Houlihan Lokey · $537M total across 3 segments · Q2 2022

  • Corporate Finance
    $388M+259.5%
  • Financial Restructuring
    $83.2M-33.7%
  • Financial & Valuation Advisory
    $65.7M+55.3%

Forward guidance

This press release contains forward-looking statements within the meaning of the federal securities laws. You can identify these statements by our use of the words “assumes,” “believes,” “estimates,” “expects,” “guidance,” “intends,” “plans,” “projects,” and similar expressions that do not relate to historical matters.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+1.2%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

63%

30 / 48 earnings

Positive

+12.2%

Q2 2022

Best reaction

-10.7%

Q2 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+4.3%+1.5%-5.6%
Q3 2026-6.6%-0.7%-3.0%
Q2 2026-10.7%-10.0%-12.0%
Q4 2025+6.8%+8.7%+7.9%
Q3 2025-2.3%-1.9%-5.8%
Q2 2025+3.6%+2.2%+13.4%
Q1 2025+1.7%-1.5%+4.5%
Q4 2024+0.3%+1.3%-2.7%
Q3 2024+5.9%+3.7%+6.2%
Q2 2024+1.5%+3.7%+9.4%
Q1 2024-8.3%-7.2%-5.5%
Q4 2023+6.1%+1.6%+7.1%
Q3 2023-0.2%+3.2%-2.9%
Q2 2023+9.3%+10.8%+21.5%
Q1 2023+2.5%+1.7%-3.0%
Q4 2022+2.9%+6.3%-2.5%
Q3 2022+7.4%+3.2%-7.8%
Q2 2022+12.2%+17.8%+11.9%
Q1 2022-5.1%-3.5%+1.0%
Q4 2021+5.3%+10.7%+18.1%
Q3 2021-3.7%-1.2%-5.6%
Q2 2021-0.4%-1.6%+3.3%
Q1 2021-1.6%-2.2%+6.1%
Q4 2020-2.1%-0.4%-8.4%
Q3 2020+7.4%+8.6%+2.0%
Q2 2020-0.4%+1.0%+2.0%
Q1 2020+6.2%+4.1%-3.4%
Q4 2019+1.9%-1.9%-4.2%
Q3 2019+1.9%+1.0%+5.0%
Q2 2019+0.5%+5.4%+4.6%
Q1 2019-6.6%-6.5%-10.0%
Q4 2018+5.3%+4.1%+7.6%
Q3 2018-2.8%-7.8%-9.5%
Q2 2018+4.5%+0.5%+6.0%
Q1 2018+5.1%+1.1%-2.0%
Q4 2017+6.3%+1.9%-1.0%
Q3 2017+5.1%+4.7%+3.5%
Q2 2017-2.8%-3.7%+19.5%
Q1 2016-0.5%+0.7%-4.4%
Q1 2017+2.3%+7.9%+4.9%
Q4 2014-2.4%-5.9%-2.3%
Q4 2016+0.1%
Q3 2015-1.1%
Q3 2016+0.4%
Q1 2015+0.5%
Q2 2015+0.5%
Q4 2015+0.5%
Q2 2016-0.8%

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