NYSE$MC

Moelis & Company · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Reported record first quarter revenues and declared a special dividend of $2.00 per share in addition to regular quarterly dividend of $0.55 per share.

Moelis & Company reported record first quarter revenues of $263.9 million, a 72% increase from the same period in 2020. The firm's GAAP net income was $1.00 per share (diluted), and adjusted net income was $1.02 per share (diluted), including a $0.27 per share tax benefit. The company declared a special dividend of $2.00 per share in addition to its regular quarterly dividend of $0.55 per share.

  • First quarter revenues reached $263.9 million, up 72% from the previous year.
  • GAAP net income was $1.00 per share (diluted), while adjusted net income was $1.02 per share (diluted), inclusive of a $0.27 per share tax benefit.
  • Adjusted pre-tax margin for the first quarter was 29% compared to 17% in the prior year period.
  • The company declared a dividend of $2.55 per share, including a special dividend of $2.00 per share.

Headline financials

Total Revenue

$264M

Previous: $154M+71.7%
EPS (adj)

$1.02

Previous: $0.27+277.8%
Adjusted Pre-Tax Margin

29.0%

No prior period
Capital Expenditures

-$3.54M

Previous: -$13.1M+73.1%
Free Cash Flow

$72.3M

Previous: $17M+325.4%
Net Income

$75.8M

Previous: $30.1M+151.6%
Operating Income

$72.4M

Previous: $24.4M+196.4%
Gross Profit

$264M

Previous: $154M+71.7%
Cash & Equivalents

$228M

Previous: $145M+56.6%

Revenue & EPS history

Moelis · Revenue · Quarterly

$264M

Q1 2021+71.7%vs Q1 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

The press release contains forward-looking statements, which reflect the Firm’s current views with respect to, among other things, its operations and financial performance. Such forward-looking statements are based on certain assumptions and estimates and subject to various risks and uncertainties.

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 Q1 2021

Historical avgQ1 2021

-0.1%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-2.0%

Avg return

30 days after

57%

27 / 47 earnings

Positive

+11.2%

Q3 2019

Best reaction

-17.0%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-5.3%+0.3%
Q4 2025+1.1%+2.8%-20.8%
Q3 2025-3.9%-7.0%-4.0%
Q2 2025-0.7%+0.2%+2.1%
Q1 2025+0.8%+2.2%+8.4%
Q4 2024+1.9%-2.6%-22.4%
Q3 2024-4.9%-4.8%+6.6%
Q1 2024-7.9%-8.3%+6.0%
Q3 2023+1.8%-1.0%+15.5%
Q2 2023-7.5%-5.7%-12.8%
Q1 2023-10.9%-10.4%-8.3%
Q4 2022-8.3%-1.5%-18.1%
Q3 2022-8.4%-7.0%+1.4%
Q2 2022+5.5%+7.8%+2.0%
Q1 2022+4.2%-0.1%+3.7%
Q4 2021-6.1%-9.0%-19.9%
Q3 2021-1.5%+7.6%-11.3%
Q2 2021+5.9%+7.4%+10.3%
Q1 2021-1.6%-4.4%-5.9%
Q4 2020+1.9%+3.2%+6.9%
Q3 2020+0.6%-4.7%+2.3%
Q2 2020-1.5%+0.5%+6.0%
Q1 2020-3.5%-6.0%-0.9%
Q4 2019+8.4%+6.2%-21.0%
Q3 2019+11.2%+10.2%+2.7%
Q2 2019+1.6%-4.0%-6.0%
Q1 2019-9.5%-10.7%-23.1%
Q4 2018+5.9%+4.3%-2.0%
Q3 2018-17.0%-20.4%-21.2%
Q2 2018+3.7%+2.3%-3.8%
Q1 2018+2.1%-0.8%+10.3%
Q4 2017+4.9%+5.3%+7.5%
Q3 2017-4.8%-2.2%+7.2%
Q2 2017+8.7%-1.4%-4.0%
Q1 2017+0.0%-5.7%-5.5%
Q4 2016+7.3%+8.1%+7.9%
Q3 2016+4.8%+1.2%+18.5%
Q2 2016+8.3%+10.7%+9.0%
Q1 2016-0.4%
Q4 2015+0.6%
Q3 2015+5.8%
Q2 2015+5.2%
Q1 2015-9.3%
Q4 2014-4.2%
Q3 2014+0.2%
Q2 2014+1.8%
Q1 2014+0.5%
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q4 2012

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