Houlihan Lokey Inc. · Q3 2020 earnings

Briefing

Houlihan Lokey's financial performance for Q3 2020 was reported with revenue growth and increased profitability.

Houlihan Lokey reported an 11.9% increase in revenues to $334 million for the third quarter ended December 31, 2019, compared to $298 million for the same period in 2018. Net income increased to $49 million, or $0.75 per diluted share, compared to $44 million, or $0.67 per diluted share, for the third quarter ended December 31, 2018. Adjusted net income was $58 million, or $0.88 per diluted share, compared to $51 million, or $0.77 per diluted share, for the third quarter ended December 31, 2018.

• Revenues for Q3 2020 increased by 11.9% year-over-year, reaching $334 million.
• Diluted EPS for Q3 2020 was reported at $0.75, compared to $0.67 in Q3 2019.
• Adjusted diluted EPS for Q3 2020 reached $0.88, up from $0.77 in Q3 2019.
• The company announced a dividend of $0.31 per share for the fourth quarter of fiscal year 2020.

Headline financials

Revenue & EPS history

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. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors which are, in some cases, beyond the Company’s control and could materially affect actual results, performance, or achievements. For a further description of such factors, you should read the Company’s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.