Moelis & Company (Exact name of registrant as specified in its charter) Delaware 46-4500216 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 399 Park Avenue, 4th Floor, New York NY 10022 (Address of principal executive offices) (Zip Code) (212) 883-3800 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title Trading Symbol Name of Exchange on which registered Class A Common Stock MC New York Sto ...

Exhibit 99.1 Moelis NEW YORK, July 24, 2024 – Moelis & Company (NYSE:MC) today reported financial results for the quarter ended June 30, 2024. The Firm's second quarter GAAP revenues were $264.6 million as compared with $179.9 million in the prior year period. On an Adjusted basis, the Firm's second quarter revenues of $264.6 million increased 45% from the prior year period. The Firm reported second quarter GAAP net income of $14.9 million, or $0.17 per share (diluted). On an Adjusted basis, the Firm report ...

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Estimate Revisions Trend Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP ...

Core Viewpoint - Moelis & Company reported strong first-quarter earnings for 2024, with adjusted earnings per share significantly exceeding expectations, but faced challenges with rising expenses and downward revisions in estimates [2][4][7]. Financial Performance - Adjusted earnings per share for Q1 2024 were 22 cents, surpassing the Zacks Consensus Estimate of 11 cents and up from 5 cents in the prior-year quarter [2]. - Net income on a GAAP basis was $17.5 million, a substantial increase from $3.6 million in the prior-year quarter [3]. - Total revenues grew 15% year over year to $217.5 million, driven by increased fees from restructuring and capital markets transactions, although it fell short of the Zacks Consensus Estimate of $222.7 million [4]. - Total operating expenses rose 12% to $211.7 million, attributed to higher compensation and benefits costs as well as non-compensation expenses [4]. - Other income was reported at $4.2 million, up from $1.7 million in the prior-year quarter [5]. - As of March 31, 2024, the company had cash and liquid investments totaling $124.9 million, with no debt or goodwill [5]. Outlook - Management anticipates adjusted non-compensation expenses to be nearly $46 million per quarter [6]. - Recent estimates for the company have trended downward, with a significant shift of -42.55% in consensus estimates [7]. - Moelis holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [9]. Industry Comparison - Moelis operates within the Zacks Financial - Investment Bank industry, where Goldman Sachs has seen a 9.1% increase in stock price over the past month [10]. - Goldman Sachs reported revenues of $14.21 billion for the last quarter, reflecting a year-over-year increase of 16.3%, with an EPS of $11.58 compared to $8.79 a year ago [10]. - For the current quarter, Goldman is projected to post earnings of $8.87 per share, indicating a 188% change from the year-ago quarter, with a Zacks Rank 1 (Strong Buy) [11].

Passive Income Investors Take Note: Wall Street Has Upside All Over This 4.2% Dividend Stock ESB Professional / Shutterstock.com After experiencing a slowdown in 2023, M&A activity is on the comeback trail, and that is good news for advisory firms. One of the stocks poised to benefit from the positive momentum is Moelis & Co (NYSE: MC), a global investment bank that advises companies in the capital markets led by Ken Moelis. Founded in 2007 on the cusp of the Great Financial Crisis, Moelis emerged stronge ...

Moelis & Company’s (MC) first-quarter 2024 adjusted earnings per share of 22 cents handily surpassed the Zacks Consensus Estimate of 11 cents. The bottom line compared favorably with 5 cents earned in the prior-year quarter.Results benefited from a rise in revenues and other income. Also, the company had a solid liquidity position in the quarter. However, an increase in expenses acted as an undermining factor.Net income (GAAP basis) was $17.5 million, up substantially from $3.6 million in the prior-year qua ...

Financial Performance - For the first three months of 2024, Moelis & Company reported GAAP revenues of $217.5 million, a 16% increase from $187.8 million in the same period of 2023[141]. - Operating expenses for Q1 2024 were $211.7 million, representing 97% of revenues, compared to $189.2 million or 101% of revenues in Q1 2023[155]. - Compensation and benefits expenses increased to $164.5 million in Q1 2024, accounting for 76% of revenues, down from 79% in the prior year[159]. - Non-compensation expenses rose to $47.2 million in Q1 2024, maintaining 22% of revenues, consistent with the prior year[161]. - Other income for Q1 2024 was $4.2 million, significantly up from $1.7 million in Q1 2023, primarily due to income from cash equivalent investments[163]. - The company reported a net income of $17.5 million for the three months ended March 31, 2024, compared to $3.6 million for the same period in 2023[183]. - Total operating activities resulted in a net outflow of $165.0 million for the three months ended March 31, 2024, compared to a net outflow of $152.1 million in 2023[185]. Client Engagement and Market Conditions - The number of clients increased from 127 in Q1 2023 to 154 in Q1 2024, with clients paying fees of $1 million or more rising from 40 to 57[153]. - Despite low M&A activity, there is strong client engagement, with expectations for increased financial sponsor-related M&A over time due to accumulated capital and unsold portfolio companies[142]. - The firm anticipates that improving macroeconomic conditions could enhance capital raising and financing opportunities moving forward[143]. - Moelis & Company remains well-positioned in a challenging business environment characterized by high interest rates and inflation, supported by a balanced business model and focused client coverage[144]. Cash and Liquidity - As of March 31, 2024, the company had cash equivalents of $68.7 million and cash of $34.0 million, down from $137.4 million and $49.1 million, respectively, as of December 31, 2023[168]. - Cash, cash equivalents, and restricted cash at March 31, 2024, were $103.3 million, a decrease of $83.9 million from $187.2 million at December 31, 2023[185]. - The company maintains a $65.0 million revolving credit facility, with $64.4 million available as of March 31, 2024[173]. - The company had no borrowings under its credit facilities as of March 31, 2024[172]. Shareholder Returns - The company declared a regular quarterly dividend of $0.60 per share, to be paid on June 20, 2024[175]. - The company repurchased 158,878 shares during the three months ended March 31, 2024, compared to 1,057,278 shares in the same period of 2023[176]. Tax and Financial Reporting - The provision for income taxes was a benefit of $7.5 million against pre-tax income of $10.0 million in Q1 2024, compared to a benefit of $3.2 million against pre-tax income of $0.4 million in Q1 2023[165]. - No unrecognized tax benefits were recorded for the three months ended March 31, 2024 and 2023, indicating stable tax positions[205]. - The company has not experienced any changes in internal control over financial reporting that materially affect its financial reporting processes during the reporting period[208]. Revenue Recognition - The company earns the majority of its revenues from advisory services related to mergers and acquisitions, capital markets transactions, and other corporate finance matters[195]. - Revenue from advisory services is recognized over time as performance obligations are fulfilled, with significant judgment required in identifying these obligations[196]. - Transaction fees are recognized only when substantially all services are provided and conditions are met, ensuring that revenue recognition aligns with service delivery[197]. - Fixed fees for fairness opinions are recognized at a point in time upon completion of the engagement, while underwriting fees are recognized when the offering is completed[198]. - The company maintains an allowance for credit losses based on an aging method, stratifying accounts receivable into short-term and private funds advisory categories[202].

Exhibit 99.1 Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share NEW YORK, April 24, 2024 – Moelis & Company (NYSE:MC) today reported financial results for the quarter ended March 31, 2024. The Firm's first quarter GAAP revenues were $217.5 million as compared with $187.8 million in the prior year period. On an Adjusted basis, the Firm's first quarter revenues of $217.5 million increased 17% from the prior year period. The Firm reported GAAP ...

The market expects Moelis (MC) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Apri ...

NEW YORK & HOUSTON--(BUSINESS WIRE)--Moelis (NYSE: MC), a leading global independent investment bank, today announced that it has appointed Stephen Trauber as Chairman and Global Head of Energy and Clean Technology. Based in Houston, Steve will lead the Firm’s global efforts in this space, building on the strength of its U.S. Energy business, led by David Cunningham, and its deep expertise across the Middle East and Europe. His arrival further expands the Firm’s offerings and relationships across energy ser ...