NYSE$MC

Moelis & Company · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Moelis & Company achieved record revenues and EPS

Moelis & Company reported record third quarter revenues of $515.9 million, up 149% from the third quarter of 2020. Adjusted net income was $1.77 per share (diluted) for the third quarter. The company declared a special dividend of $2.50 per share in addition to a regular quarterly dividend of $0.60 per share.

  • Adjusted revenues for the third quarter of 2021 were $515.9 million, up 149% from the third quarter of 2020.
  • GAAP net income of $1.76 per share (diluted) for the third quarter.
  • Adjusted net income of $1.77 per share (diluted) for the third quarter.
  • Declared $3.10 per share in dividends, comprised of a $2.50 per share special dividend in addition to a $0.60 per share regular quarterly dividend.

Headline financials

Total Revenue

$491M

Previous: $208M+136.4%
EPS (adj)

$1.77

Previous: $0.54+227.8%
Adjusted Pre-Tax Margin

35.0%

No prior period
Capital Expenditures

-$11.9M

Previous: -$31.2M+61.9%
Free Cash Flow

$129M

Previous: $10.6M+1114.8%
Net Income

$140M

Previous: $41.8M+236.1%
Operating Income

$152M

Previous: $52M+192.8%
Gross Profit

$491M

Previous: $208M+136.4%
Cash & Equivalents

$558M

Previous: $266M+109.7%

Revenue & EPS history

Moelis · Revenue · Quarterly

$491M

Q3 2021+136.4%vs Q3 2020
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Forward guidance

Moelis & Company is well positioned to continue to gain market share and capitalize on very high levels of market activity.

Tailwinds

  • Record activity across all products and regions.
  • Global and collaborative platform
  • Operating leverage
  • Earning power
  • Cash generation capabilities

Headwinds

  • Revenues and net income can fluctuate materially depending on the number, size and timing of completed transactions
  • Financial results in any particular quarter may not be representative of future results over a longer period of time.
  • Impact of the COVID-19 pandemic on our business, revenues and operating results is unpredictable
  • New risks and uncertainties emerge from time to time
  • Not possible for us to predict all 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 Q3 2021

Historical avgQ3 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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