Houlihan Lokey(US:HLI)2021-01-29 19:36Company Overview - Houlihan Lokey was established in 1972 and has a global presence with 23 locations worldwide[6] - The company has a long-tenured management team, with an average tenure of 32 years[6, 7] - The firm has a strong partnership culture and is not a "star" culture[4] Financial Performance - The company has demonstrated strong revenue growth, increasing from $694 million in 2016 to $1.159 billion in 2020[13] - Adjusted pre-tax income has also shown strong growth, rising from $157 million in 2016 to $282 million in 2020[13] - For the nine months ended December 31, 2020, revenues were $1.025 billion[61] Business Segments - Corporate Finance accounted for 50% of the company's revenues, with $658 million, for the last twelve months ended December 31, 2020[26, 34] - Financial Restructuring contributed 37% of revenues, with $495 million, for the last twelve months ended December 31, 2020[26, 34] - Financial and Valuation Advisory made up 13% of revenues, with $174 million, for the last twelve months ended December 31, 2020[26, 34]