Houlihan Lokey, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 04:15 pm EST
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Houlihan Lokey, Inc. reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported net income was USD 70.8 million compared to USD 63.05 million a year ago. Basic earnings per share from continuing operations was USD 1.1 compared to USD 0.99 a year ago. Diluted earnings per share from continuing operations was USD 1.04 compared to USD 0.9 a year ago.
For the nine months, net income was USD 199.22 million compared to USD 194.56 million a year ago. Basic earnings per share from continuing operations was USD 3.1 compared to USD 3.07 a year ago. Diluted earnings per share from continuing operations was USD 2.93 compared to USD 2.8 a year ago.
Houlihan Lokey, Inc. is a global investment bank that focuses on mergers and acquisitions, capital markets, financial restructuring, and valuation. It provides its financial professionals with an integrated platform that enables them to deliver meaningful and differentiated advice to its clients. The Company's segments include Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). CF provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offerings. FR segment provides advice to debtors, creditors, and other parties in interest in connection with recapitalization/deleveraging transactions implemented both through bankruptcy proceedings and through out-of-court exchanges. FVA primarily provides valuations of various assets, including companies, illiquid debt and equity securities, and intellectual property (among other assets and liabilities).