Houlihan Lokey, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 31, 2023 at 09:15 pm
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Houlihan Lokey, Inc. reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported net income was USD 63.05 million compared to USD 173.74 million a year ago. Basic earnings per share from continuing operations was USD 0.99 compared to USD 2.68 a year ago. Diluted earnings per share from continuing operations was USD 0.9 compared to USD 2.54 a year ago.
For the nine months, net income was USD 194.56 million compared to USD 372.58 million a year ago. Basic earnings per share from continuing operations was USD 3.07 compared to USD 5.71 a year ago. Diluted earnings per share from continuing operations was USD 2.8 compared to USD 5.44 a year ago.
Houlihan Lokey, Inc. is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and financial and valuation advisory. The Company's segments include Corporate Finance (CF), Financial Restructuring (FR), and Financial and Valuation Advisory (FVA). The CF segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offerings. The FR segment provides advice to debtors, creditors and other parties-in-interest in connection with recapitalization/deleveraging transactions implemented both through bankruptcy proceedings and through out-of-court exchanges, consent solicitations or other mechanisms, as well as in distressed mergers and acquisitions and capital markets activities. The FVA segment primarily provides valuations of various assets, including companies, illiquid debt and equity securities, and intellectual property (among other assets and liabilities).