Houlihan Lokey(HLI)

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Houlihan Lokey(HLI) - 2023 Q2 - Quarterly Report
2022-11-02 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 95-2770395 (I.R.S. Employer Identification Number) 10250 Constellation Blvd. 5 Floor th Los Angeles, California 90067 (Address of principal executive offices) (Zip Code) (310) 788-5200 (Regis ...
Houlihan Lokey(HLI) - 2023 Q2 - Earnings Call Transcript
2022-10-28 02:18
Houlihan Lokey, Inc. (NYSE:HLI) Q2 2023 Earnings Conference Call October 27, 2022 5:00 PM ET Corporate Participants Christopher Crain - General Counsel and Secretary Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Ben Rubin - UBS Brendan O'Brien - Wolfe Research James Yaro - Goldman Sachs Manan Gosalia - Morgan Stanley Mike Brown - KBW Michael Falco - JMP Securities Ken Worthington - JPMorgan Operator Good day, ladies and gentlemen, and thank you f ...
Houlihan Lokey(HLI) - 2023 Q1 - Quarterly Report
2022-08-04 22:04
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number: 001-37537 Houlihan Lokey, Inc. (Exact name of registrant as specified in its charter) Delaware 95-2770395 (State or other ...
Houlihan Lokey(HLI) - 2023 Q1 - Earnings Call Transcript
2022-07-28 23:04
Houlihan Lokey, Inc. (NYSE:HLI) Q1 2023 Earnings Conference Call July 28, 2022 5:00 PM ET Company Participants Christopher Crain - General Counsel & Secretary Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Manan Gosalia - Morgan Stanley Devin Ryan - JMP Securities Brendan O'Brien - Wolfe Research Michael Brown - KBW Jeff Harte - Piper Sandler Operator Good day, ladies and gentlemen, thank you for sta ...
Houlihan Lokey(HLI) - 2023 Q1 - Earnings Call Presentation
2022-07-28 21:07
C HOULIHAN LOKEY INVESTOR PRESENTATION July 2022 Disclaimers Forward Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" and other expressions that are predictions of or indi ...
Houlihan Lokey(HLI) - 2022 Q4 - Earnings Call Presentation
2022-05-16 17:42
C HOULIHAN LOKEY INVESTOR PRESENTATION May 2022 Disclaimers Forward Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" and other expressions that are predictions of or indic ...
Houlihan Lokey(HLI) - 2022 Q4 - Earnings Call Transcript
2022-05-13 03:48
Eyenovia, Inc. (EYEN) Q4 2022 Earnings Conference Call May 12, 2022 5:00 PM ET Company Participants Christopher Crain - General Counsel & Secretary Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Devin Ryan - JMP Securities Manan Gosalia - Morgan Stanley Brendan O'Brien - Wolfe Research Michael Brown - KBW Ken Worthington - JPMorgan Operator Good day, ladies and gentlemen, thank you for standing by. Welcome to the Houlihan Loke ...
Houlihan Lokey(HLI) - 2022 Q3 - Earnings Call Presentation
2022-02-08 16:19
C HOULIHAN LOKEY INVESTOR PRESENTATION February 2022 Disclaimers Forward Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" and other expressions that are predictions of or ...
Houlihan Lokey(HLI) - 2022 Q3 - Earnings Call Transcript
2022-02-08 16:15
Financial Data and Key Metrics Changes - The company reported revenues of $889 million for Q3 2022, representing a 65% increase compared to the same quarter last year [10] - Adjusted earnings per share reached $2.90, up 63% from the same quarter a year ago [11] - Adjusted compensation expenses were $547 million, compared to $335 million in the same period last year [38] - The effective tax rate for the quarter was 30%, up from 25.3% in the same quarter last year [45] Business Line Data and Key Metrics Changes - Corporate Finance revenues were $716 million for the quarter, a 134% increase year-over-year, with 230 transactions closed compared to 121 in the same period last year [32] - Financial Restructuring revenues were $89 million, a 50% increase from the same quarter last year, with 21 transactions closed compared to 44 in the same period last year [35] - Financial and Valuation Advisory revenues were $84 million, a 56% increase from the same period last year, with 901 fee events compared to 639 in the same period last year [37] Market Data and Key Metrics Changes - The company maintained its status as the Number 1 global M&A investment banking firm based on the number of transactions closed [13] - The company also ranked as the Number 1 global restructuring advisor based on both the number of transactions closed and the dollar value of restructured debt [13] Company Strategy and Development Direction - The company aims to leverage its strong brand and reputation to attract better talent and potential acquisitions [26] - The integration of GCA is on track, with expectations of realizing potential revenue synergies over the coming years [27] - The company is focusing on expanding its Financial and Valuation Advisory (FEA) business, which has shown consistent growth [28] Management's Comments on Operating Environment and Future Outlook - Management noted that while the M&A market remains strong, growth is expected to level off in 2022, with a slowing rate of new engagement activity [19] - The restructuring business is currently experiencing limited opportunities, but management believes that rising interest rates could drive future activity [29] - The company is optimistic about its long-term growth prospects despite current market challenges [29] Other Important Information - The company ended the quarter with approximately $1.1 billion in unrestricted cash and equivalents [46] - The company repurchased approximately 645,000 shares at an average price of $108.90 per share [48] - A dividend of $0.43 per share is to be paid on March 15 to shareholders of record as of March 2 [49] Q&A Session Summary Question: Can you provide more detail on the contributors to FEA's performance and the jump in fee per event? - Management indicated that the increase in fee per event is due to a focus on building relationships with key clients and doing more complex work, leading to larger fee events [54][55] Question: What is the outlook for the independent advisors in private debt capital raising? - Management sees significant growth potential in this area, with a growing interest from companies and private equity firms to source capital through advisors [60][62] Question: How is the company responding to recent market volatility? - Management noted that volatility has primarily impacted public transactions more than private ones, and they do not foresee significant changes in deal activity at this time [66] Question: What is the current state of the European sponsor market? - Management reported increased deal flow and interaction in Europe, indicating a positive outlook for the region [76][90] Question: Are there signs of increased activity in the restructuring business? - Management acknowledged potential positive macro factors but noted that consistent indicators of increased activity have not yet materialized [78][80] Question: How should investors view the company's cash balance and potential for acquisitions? - Management stated that the primary goal is to find attractive acquisitions, with share repurchases considered if no suitable opportunities arise [135][140]
Houlihan Lokey(HLI) - 2022 Q2 - Earnings Call Transcript
2021-10-29 02:10
Houlihan Lokey, Inc. (NYSE:HLI) Q2 2022 Earnings Conference Call October 28, 2021 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Devin Ryan - JMP Securities Ken Worthington - JPMorgan James Yaro - Goldman Sachs Manan Gosalia - Morgan Stanley Michael Brown - KBW Jeff Harte - Piper Sandler Operator Greetings, ladies and gentlemen. Thank you for standing by. Welcome to Houlihan Lokey’s Second Quarter Fiscal Year 2022 Earni ...