NYSE$HLI

Houlihan Lokey Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Houlihan Lokey's Q4 2021 financial results reflected revenue growth and increased profitability.

Houlihan Lokey reported a strong fourth quarter with revenues increasing by 65% to $501 million compared to the prior year. Diluted EPS stood at $1.44, and adjusted diluted EPS reached $1.51. The company's performance was driven by growth across all its product lines.

  • Revenues increased 65% to $501 million compared to Q4 2020.
  • Diluted EPS reached $1.44, up from $0.90 in the prior year.
  • Adjusted diluted EPS was $1.51, compared to $0.96 in Q4 2020.
  • The company announced a 30% increase in the quarterly dividend to $0.43 per share.

Headline financials

Total Revenue

$501M

Previous: $303M+65.4%
EPS (adj)

$1.51

Previous: $0.96+57.3%
CF Closed Transactions

151

Previous: 84+79.8%
CF Managing Directors

120

Previous: 123-2.4%
FR Closed Transactions

35

Previous: 29+20.7%
FR Managing Directors

47

Previous: 45+4.4%
FVA Fee Events

765

Previous: 624+22.6%
FVA Managing Directors

31

Previous: 30+3.3%
Capital Expenditures

$3.15M

Previous: $3.75M-16.1%
Free Cash Flow

$270M

Previous: $173M+55.6%
Net Income

$99.4M

Previous: $59M+68.4%
Operating Income

$140M

Previous: $68.7M+104.3%
Gross Profit

$184M

Previous: $116M+58.3%
Cash & Equivalents

$847M

Previous: $380M+122.6%
Total Assets

$2.43B

Previous: $1.68B+44.7%

Revenue & EPS history

Houlihan Lokey · Revenue · Quarterly

$501M

Q4 2021+65.4%vs Q4 2020
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Revenue by segment

Houlihan Lokey · $501M total across 3 segments · Q4 2021

  • Corporate Finance
    $301M+92.6%
  • Financial Restructuring
    $143M+38.5%
  • Financial & Valuation Advisory
    $57.3M+31.6%

Forward guidance

This press release contains forward-looking statements that involve known and unknown risks, uncertainties, and other factors. 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.

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 Q4 2021

Historical avgQ4 2021

+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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