NYSE$HLI

Houlihan Lokey Inc. · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported financial results for the third quarter ended December 31, 2021.

Houlihan Lokey reported strong financial results for Q3 2022, with revenues of $889 million and diluted EPS of $2.54. The company highlighted its leading position in Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.

  • Revenues for the third quarter fiscal 2022 were $889 million, compared to $538 million for the third quarter fiscal 2021.
  • Diluted EPS for the third quarter fiscal 2022 was $2.54, compared to $1.71 for the third quarter fiscal 2021.
  • Adjusted diluted EPS for the third quarter fiscal 2022 was $2.90, compared to $1.77 for the third quarter fiscal 2021.
  • The company announced a dividend of $0.43 per share for the fourth quarter fiscal 2022.

Headline financials

Total Revenue

$889M

Previous: $538M+65.2%
EPS (adj)

$2.90

Previous: $1.77+63.8%
CF Closed Transactions

238

Previous: 121+96.7%
FR Closed Transactions

21

Previous: 44-52.3%
FVA Fee Events

901

Previous: 639+41.0%
Capital Expenditures

-$7.55M

Previous: -$11M+31.3%
Free Cash Flow

$166M

Previous: $202M-17.9%
Net Income

$174M

Previous: $213M-18.6%
Operating Income

$249M

Previous: $158M+57.3%
Gross Profit

$321M

Previous: $189M+69.7%
Cash & Equivalents

$1.06B

Previous: $634M+67.1%
Total Assets

$3.05B

Previous: $2.12B+43.7%

Revenue & EPS history

Houlihan Lokey · Revenue · Quarterly

$889M

Q3 2022+65.2%vs Q3 2021
Beat estimate in 15 of 16 quarters(94%)
ActualEstimate

Revenue by segment

Houlihan Lokey · $889M total across 3 segments · Q3 2022

  • Corporate Finance
    $716M+133.7%
  • Financial Restructuring
    $89.3M-49.8%
  • Financial & Valuation Advisory
    $83.9M+56.1%

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 Q3 2022

Historical avgQ3 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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