Core Viewpoint - Moelis (MC) presents a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimates - Analysts are optimistic about Moelis's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The current-quarter earnings estimate is $0.39 per share, reflecting a +77.3% change from the previous year [6]. - Over the last 30 days, the Zacks Consensus Estimate for Moelis has increased by 11.59%, with two estimates moving higher and two going lower [6]. - For the full year, the earnings estimate is $2.07 per share, representing a +13.7% change from the year-ago figure [7]. - The consensus estimate for the current year has increased by 12.08%, with three estimates moving higher compared to one negative revision [8]. Zacks Rank - Moelis currently holds a Zacks Rank 2 (Buy), indicating promising estimate revisions that could lead to significant outperformance [9]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [9]. Stock Performance - Moelis's stock has risen by 14.4% over the past four weeks due to strong estimate revisions, suggesting potential for further upside [10].

Core Insights - Moelis & Company (MC) shares increased by 2.8% in after-hours trading following the release of its second-quarter 2025 results, which exceeded expectations with adjusted earnings of 53 cents per share compared to the Zacks Consensus Estimate of 32 cents, and a significant improvement from 18 cents per share in the prior-year quarter [1][8] Financial Performance - The company's net income on a GAAP basis was $46.8 million, a substantial increase from $14.9 million in the prior-year quarter [2] - Total revenues on a GAAP basis grew by 38.1% year over year to $364.4 million, surpassing the Zacks Consensus Estimate of $281.8 million [3][8] - Total operating expenses on a GAAP basis rose by 24.6% to $304.7 million, driven by increases in both compensation and benefits costs as well as non-compensation expenses [3][8] - Other income on a GAAP basis was reported at $3.5 million, up from $1.7 million in the prior year, exceeding projections of $3 million [4] Liquidity and Capital Position - As of June 30, 2025, the company held cash and liquid investments totaling $474.9 million, with no debt or goodwill [4] Strategic Outlook - The company's global expansion initiatives, higher average fees, solid capital markets, and diverse operations across sectors are expected to positively influence future performance [5] - However, a hiring spree and rising revenue-related compensation may negatively impact bottom-line growth [5] Peer Performance - Morgan Stanley reported second-quarter 2025 earnings of $2.13 per share, exceeding estimates and showing a 17% increase from the prior year, supported by strong investment banking and wealth management performance [6] - Goldman Sachs achieved adjusted earnings per share of $10.91, surpassing estimates and reflecting growth in its Global Banking & Markets division, despite concerns over increased expenses [7]

Group 1 - Moelis reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, and showing a significant increase from $0.18 per share a year ago, representing an earnings surprise of +65.62% [1] - The company achieved revenues of $365.38 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 29.67%, compared to $264.59 million in the same quarter last year [2] - Moelis has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - The stock has underperformed the market, losing about 3.9% since the beginning of the year, while the S&P 500 has gained 8.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters [4] - The current consensus EPS estimate for the next quarter is $0.36 on revenues of $296.09 million, and for the current fiscal year, it is $1.97 on revenues of $1.29 billion [7] Group 3 - The Financial - Investment Bank industry, to which Moelis belongs, is currently ranked in the top 5% of over 250 Zacks industries, suggesting a favorable outlook for the sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Moelis's stock performance [5][6]

Financial Data and Key Metrics Changes - The company reported revenues of $365 million in Q2 2025, a 38% increase compared to the prior year period, marking the highest second quarter revenues on record [5] - First half revenues reached $672 million, up 39% from the prior year period [5] - The compensation expense ratio for Q2 was 69%, consistent with the previous quarter, while non-compensation expense ratio was 14.4% [6][7] - The corporate tax rate was accrued at 29.5%, consistent with Q1 [7] - The company maintained a strong balance sheet with cash and liquid investments of $475 million and no debt [7] Business Line Data and Key Metrics Changes - The year-over-year revenue increase was primarily driven by growth in M&A and capital markets [6] - The company achieved record revenues in the first half of the year, reflecting successful investments in capital markets [9] Market Data and Key Metrics Changes - The company noted a significantly improved transaction environment entering the second half of the year, recovering from the disruptions caused by the "Liberation Day" market chaos [8] - The pipeline for new business origination is near record levels, indicating strong market activity [8] Company Strategy and Development Direction - The company aims to build a premier platform in secondary and primary capital solutions for sponsors, with plans to aggressively scale this franchise [9] - The focus remains on investing in high total addressable markets (TAMs) and attracting elite talent to drive revenue growth [31][32] - The company is committed to maintaining a strong culture and internal talent development, with 40% of MDs being internally promoted [32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improving market conditions and the company's ability to execute for clients [9] - The company anticipates continued growth in the private capital advisory business, viewing it as a significant revenue opportunity [26][28] - Management acknowledged the potential for returning excess capital to shareholders, including stock repurchases [77][78] Other Important Information - A CEO transition is underway, with Navid Mahmoodzadegan stepping into the role, while Kenneth Moelis will serve as Executive Chairman [11][13] - The company is actively hiring in various sectors, focusing on building pipelines and covering more areas [65] Q&A Session Summary Question: Progression of sponsor reengagement across sectors - Management noted a broad recovery across sectors, with some areas still affected by trade uncertainty [20][22] Question: Addressable market for private capital advisory - Management sees the addressable market for private capital advisory as potentially exceeding a couple of hundred million dollars, with aggressive hiring planned [25][26] Question: Focus areas for the next phase of growth - The strategy will continue to focus on high TAMs, attracting elite talent, and maintaining a strong culture [31][32] Question: Outlook for M&A and IPO activity post Labor Day - Management indicated a steady improvement in market activity, with increasing enthusiasm for transactions [40][41] Question: Trends in restructuring activity - Restructuring activity has trended slightly down, as companies prefer financing options in a strong market [52] Question: Flexibility of compensation ratio - Management stated that the compensation ratio is top-line driven and will be evaluated based on revenue growth [56][60] Question: Hiring focus outside of PCA - Management is in active discussions for talent across various sectors, aiming to build franchises in untapped areas [65][66] Question: Cash and liquid investments return to shareholders - Management acknowledged excess capital and is considering various ways to return it to shareholders, including stock repurchases [77][78]

Financial Data and Key Metrics Changes - The company reported revenues of $365 million in Q2 2025, a 38% increase compared to the prior year period, marking the highest second quarter revenues on record [4] - First half revenues reached $672 million, up 39% from the prior year period [4] - The compensation expense ratio for Q2 was 69%, consistent with the previous quarter, while the non-compensation expense ratio was 14.4% [5][6] - The corporate tax rate was accrued at 29.5%, consistent with Q1 [6] - The company maintained a strong balance sheet with cash and liquid investments of $475 million and no debt [6] Business Line Data and Key Metrics Changes - The year-over-year revenue increase was primarily driven by growth in M&A and capital markets [5] - The company achieved record revenues in the first half of the year, reflecting successful investments made over the past few years [7] Market Data and Key Metrics Changes - The company noted a significantly improved transaction environment entering the second half of the year, recovering from the disruptions caused by Liberation Day [7] - The pipeline for new business origination is near record levels, indicating strong market activity [7] Company Strategy and Development Direction - The company aims to aggressively scale its private capital advisory business, viewing it as a significant growth opportunity [9][25] - The capital structure advisory team is engaged in a steady amount of liability management across various industries [10] - The company plans to continue investing in high total addressable markets (TAMs) and attracting elite talent to drive growth [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the improving market conditions and the growing investor risk appetite [8] - The company anticipates a steady improvement in market activity, with a focus on maintaining flexibility in hiring and investment strategies [36][60] Other Important Information - The company declared a regular quarterly dividend of $0.65 per share, consistent with the prior period [6] - A CEO transition is underway, with Naved Mabuzadigan stepping into the role, emphasizing a focus on client relationships and talent development [11][13] Q&A Session Summary Question: Progression of sponsor reengagement across sectors - Management noted a broad recovery across sectors, with some areas still affected by trade uncertainties, but overall enthusiasm is returning [21][22] Question: Addressable market for private capital advisory - Management believes the addressable market for private capital advisory could be several hundred million dollars, with plans for aggressive hiring to support growth [25][27] Question: Next phase of growth focus - The focus will remain on high TAMs, attracting elite talent, and maintaining a strong internal culture [31][32] Question: Outlook for restructuring activity - Restructuring activity has trended slightly down, as companies prefer financing options in a strong market [52] Question: Compensation ratio flexibility - Management indicated that the compensation ratio is top-line driven and will be evaluated based on revenue growth [56][60] Question: Cash and liquid investments return to shareholders - The company is considering various ways to return excess capital to shareholders, including stock repurchases [76]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 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: 001-36418 Moelis & Company (Exact name of registrant as specified in its charter) Delaware 46-4500216 (State or other jurisdiction o ...

Investor Presentation July 2025 Forward Looking Statements This presentation contains forward-looking statements, which reflect the Firm's current views with respect to, among other things, its operations and financial performance. You can identify these forward-looking statements by the use of words such as "outlook," "believes," "expects," "potential," "continues," "may," "will," "should," "seeks," "target," "approximately," "predicts," "intends," "plans," "estimates," "anticipates" or the negative versio ...

Exhibit 99.1 Moelis & Company Reports Second Quarter and First Half 2025 Financial Results; Declares Regular Quarterly Dividend of $0.65 Per Share NEW YORK, July 24, 2025 – Moelis & Company (NYSE:MC) today reported financial results for the second quarter ended June 30, 2025. The Firm's second quarter revenues of $365.4 million increased 38% from the prior year period. The Firm reported second quarter GAAP net income of $46.8 million, or $0.53 per share (diluted). On an Adjusted basis, the Firm reported net ...

Core Insights - LVMH Moët Hennessy Louis Vuitton reported a revenue of €39.8 billion for the first half of 2025, reflecting a 4% decrease compared to the same period in 2024 [5][6] - Profit from recurring operations was €9 billion, resulting in an operating margin of 22.6% [3][5] - The Group's net profit amounted to €5.7 billion, down 22% year-over-year [5][6] Financial Highlights - Revenue for the first half of 2024 was €41.7 billion, while it decreased to €39.8 billion in 2025, marking a 4% decline [5] - Profit from recurring operations fell from €10.7 billion in 2024 to €9 billion in 2025, a decrease of 15% [5][8] - Net profit attributable to the Group decreased from €7.3 billion in 2024 to €5.7 billion in 2025, a decline of 22% [5][8] - Operating free cash flow increased by 29% to €4 billion [5][6] - Net financial debt decreased by 16% from €12.2 billion in 2024 to €10.2 billion in 2025 [5] Revenue by Business Group - Wines & Spirits revenue decreased from €2.8 billion in 2024 to €2.6 billion in 2025, an 8% decline [5][9] - Fashion & Leather Goods revenue fell from €20.8 billion in 2024 to €19.1 billion in 2025, also an 8% decline [5][10] - Perfumes & Cosmetics revenue slightly decreased from €4.1 billion in 2024 to €4.1 billion in 2025, a 1% decline [5][11] - Watches & Jewelry revenue remained stable at €5.1 billion in both years [5][13] - Selective Retailing revenue was flat at €8.6 billion in 2025 compared to €8.6 billion in 2024 [5][14] Business Group Performance - The Wines & Spirits segment experienced a decline in revenue and profit, with a notable drop in cognac demand, although champagne showed improvement [9] - The Fashion & Leather Goods segment demonstrated resilience with local customers, maintaining a high operating margin despite a decline in revenue [10] - The Perfumes & Cosmetics segment remained stable, driven by strong innovation and selective retailing strategies [11][12] - The Watches & Jewelry segment saw stable performance, with ongoing investments in store renovations and successful product launches [13] - The Selective Retailing segment achieved growth in revenue and profit, particularly through Sephora's strong performance [14] Outlook - LVMH remains confident in its long-term potential and will continue to focus on enhancing brand desirability and product quality amid geopolitical and economic uncertainties [15][16]

Core Viewpoint - Moelis & Company (NYSE: MC) stock has experienced a significant rebound, although it has not fully matched the performance of other U.S.-listed independent advisors since the previous analysis [1]. Group 1 - The stock of Moelis & Company has been on a positive trend following a prior selloff [1].