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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