NYSE$HLI
Houlihan Lokey Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Houlihan Lokey's financial performance for Q2 2024, marked by revenues of $467 million and a diluted EPS of $0.99.
Houlihan Lokey reported Q2 2024 revenues of $467 million, a decrease from $490 million in Q2 2023. Diluted EPS was $0.99, compared to $0.87 in the prior year, while adjusted diluted EPS was $1.11, down from $1.19 in the previous year. The company's Corporate Finance revenues decreased, while Financial Restructuring revenues increased.
- Revenues for the second quarter of fiscal year 2024 were $467 million.
- Diluted EPS for the second quarter of fiscal year 2024 was $0.99.
- Adjusted diluted EPS for the second quarter of fiscal year 2024 was $1.11.
- A dividend of $0.55 per share was announced for the third quarter of fiscal year 2024.
Headline financials
Revenue & EPS history
Houlihan Lokey · Revenue · Quarterly
$467M
Revenue by segment
Houlihan Lokey · $467M total across 3 segments · Q2 2024
- Corporate Finance$282M-10.6%60.3%
- Financial Restructuring$115M+17.4%24.6%
- Financial & Valuation Advisory$70.6M-8.1%15.1%
Forward guidance
Houlihan Lokey anticipates steady recovery of M&A markets, influenced by debt capital availability and client earnings confidence, but acknowledges potential impact from geopolitical events and remains prepared to manage various economic conditions while investing in strategic growth areas.
Tailwinds
- Improvements in the availability of debt capital.
- Confidence in the earnings outlook for clients.
- Steady recovery of the M&A markets.
- Well positioned to handle most economic environments.
- Continued investment in professionals, acquisitions, industries and geographies to create long term shareholder value.
Headwinds
- Recent geopolitical crises may impact cautious optimism.
- Revenues decreased primarily as a result of a decrease in the average transaction fee on closed transactions in our Corporate Finance (“CF”) business.
- CF revenues decreased (11)%.
- FVA revenues decreased (8)%.
- The decrease in the number of Fee Events was driven by softness in the M&A markets, which affected one or more of the service lines within our FVA business.
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 2024
+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
| Quarter | Report date | Reaction (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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