The following is a summary of the Houlihan Lokey, Inc. (HLI) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Houlihan Lokey reported Q4 revenues of $520 million and adjusted earnings per share of $1.27, up 17% and 14% respectively from the previous year.

• Yearly revenues showed a growth of 6% compared to last fiscal year.

• Q4 revenue breakdown: $288 million from Corporate Finance, $155 million from Financial Restructuring, and $77 million from Financial and Valuation Advisory.

Business Progress:

• The company credits its diversified business model for their steadiness amid a lukewarm M&A market.

• Their corporate finance and financial and valuation advisory businesses remained steady, with financial restructuring noticing growth.

• The company hired 11 new managing directors in Q4, and added seven to their capital markets business with the close of the Triago acquisition.

• Scott Adelson is set to take the CEO role with previous CEO, Scott Beiser, continuing in a different role.

• Despite current lengthy deal completion timeframes, the company expects these to shorten as the market shifts towards equilibrium.

• Given current macroeconomic conditions, the company is seeing improved activity levels and reasonable business momentum.

More details: Houlihan Lokey IR

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