CHARLOTTE, N.C. & DALLAS--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that both Dudley Baker and Kerr Robertson have joined the firm’s Healthcare Group as Managing Directors. Mr. Baker is based in Dallas covering healthcare information technology (HCIT), while Mr. Robertson is based in Charlotte, covering behavioral healthcare and other healthcare services. Mr. Baker joins the firm after spending eight years with Canaccord Genuity Group. Most recently, he ...

NEW YORK & PARIS--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced a major expansion of its Private Funds Group to establish the Group as one of the preeminent global private capital advisory platforms. The firm has agreed to acquire Triago Management Development (Triago), a global independent advisory firm with core capabilities in primary fund and direct investment fundraising, general partner (GP) and limited partner (LP) led secondary transactions, and pro ...

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, 2023 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) (State or other jurisdiction o ...

Financial Data and Key Metrics - Revenues for Q2 FY2024 were $467 million, down 5% YoY but up 12% QoQ [109] - Adjusted EPS was $1.11, down 7% YoY but up 25% QoQ [109] - Corporate Finance revenues were $282 million, down 11% YoY but up from last quarter [40][68] - Financial Restructuring revenues were $115 million, up 17% YoY [91] - Financial and Valuation Advisory revenues were $71 million, down 8% YoY [41] - Adjusted compensation expense ratio remained at 61.5%, consistent with the long-term target [42] - Adjusted non-compensation expenses were $75 million, up $3 million YoY [72] - Adjusted effective tax rate was 28.4%, compared to 27.9% in the same quarter last year [44] Business Line Performance - Corporate Finance closed 117 transactions, up from 114 in the same period last year [40] - Financial Restructuring closed 31 transactions, up from 24 in the same period last year [91] - Financial and Valuation Advisory had 852 fee events, down from 890 in the same quarter last year [41] - The average transaction fee in Corporate Finance declined slightly due to deal mix, not trends in transaction value or fee size [54] Market Performance - The US restructuring market slowed, but Europe, Asia, and South America showed continued strength [70] - Capital Markets revenues improved, driven by better credit availability in the mid-cap space [69] - Private credit markets have been more robust than public debt or bank syndicate markets [15] Strategy and Industry Competition - The company expects elevated restructuring revenues over the next couple of years due to higher interest rates and a fast-approaching debt maturity wall [117][122] - Strategic buyers and sellers are slowly returning, buoyed by improving equity markets and stable financial performance [33] - The company is prioritizing balance sheet strength and flexibility for potential acquisitions and hiring opportunities [118][124] Management Commentary on Operating Environment and Future Outlook - Management believes the worst of the M&A downturn is behind, with improving client confidence and capital markets [116] - The pace of improvement in Corporate Finance and M&A markets is expected to be slow [116] - The company remains optimistic about market conditions but is realistic about macro pressures [110] Other Important Information - The company repurchased 239,000 shares at an average price of $104.33 per share [124] - Adjusted other income and expense increased to $2.5 million from an expense of $1.2 million in the same period last year [43] - The company expects non-compensation expenses to be seasonally higher in the second half of the year [27] Q&A Session Summary Question: Impact of higher long-term rates on middle market M&A - Middle market M&A deals are financed similarly to large-scale M&A, with a mix of debt and equity [98] - Higher financing costs may have a lasting negative impact on deal activity over the next 6-12 months [96] Question: Seasonality in Corporate Finance - The December quarter is historically the best for the industry, except for calendar 2022 [125] Question: Restructuring business outlook - The restructuring environment remains favorable due to higher interest rates and debt maturities [60] - The company expects steady business flow, with some companies acting proactively before hitting maturity walls [50] Question: Compensation ratio and expense management - The company has no plans to change its long-term target compensation ratio of 61.5% [104] - Non-compensation expenses are expected to remain consistent with historical trends [111] Question: Acquisitions and hiring - Acquisitions remain an important part of nonorganic growth, with opportunities in the current market [78] - The company has added significant value through senior hires, acquisitions, and geographic expansions over the last seven quarters [53]

Houlihan Lokey Lincoln International 37 37 13 Stout Houlihan Lokey | 12 We will continue to grow our talent pool through: GROWTH WILL BE DRIVEN BY: • Building out our Capital Markets and Fund Placement platforms • Increasingly complex balance sheets Financial and Valuation Advisory • Increasingly complex and ever-changing regulatory reporting, valuation and tax environments $7.7 $7.9 • HL has maintained solid MD productivity through the cycles. Productivity increased in FY21 and FY22 due to significantly le ...

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, 2023 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) (State or other jurisdiction of inc ...

Houlihan Lokey, Inc. (NYSE:HLI) Q1 2024 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Ben Rubin - UBS James Yaro - Goldman Sachs Ken Worthington - JPMorgan Michael Falco - JMP Securities Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to Houlihan Lokey's First Quarter Fiscal Year 2024 Earnings ...

Houlihan Lokey Houlihan Lokey Canaccord Genuity Goldman Sachs & Co 26 14 Jefferies LLC Moelis & Co • For FY 2023: ‒ No single employee shareholder owns more than 2% of shares outstanding Houlihan Lokey | 11 | --- | --- | --- | --- | --- | --- | |---------------|--------------------|-------------------|-----------|-------------------|-----------| | | | | | | | | The Americas | | Europe and Middle | East | Asia-Pacific | | | Atlanta | Miami | Amsterdam | Milan | Beijing | Nagoya | | Baltimore | Minneapolis | ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2023 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) (State or other jurisdiction of incorp ...

Houlihan Lokey, Inc. (NYSE:HLI) Q4 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - Chief Executive Officer Lindsey Alley - Chief Financial Officer Conference Call Participants Brennan Hawken - UBS Ryan Kenny - Morgan Stanley Matt Moon - KBW Devin Ryan - JMP Securities James Yaro - Goldman Sachs Steven Chubak - Wolfe Research Jim Mitchell - Seaport Global Operator Good day, ladies and gentlemen. Thank you for standing by. Welcome to ...