Houlihan Lokey, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2018
January 29, 2019 at 04:15 pm
Share
Houlihan Lokey, Inc. announced earnings results for the third quarter ended December 31, 2018. For the third quarter, the company announced operating income was USD 62.259 million compared to USD 54.485 million a year ago. Net income was USD 43.957 million compared to USD 61.583 million a year ago. Basic earnings per share was USD 0.71 compared to USD 0.98 a year ago. Diluted earnings per share was USD 0.67 compared to USD 0.93 a year ago. For the nine months, operating income was USD 158.562 million compared to USD 154.684 million a year ago. Net income was USD 113.758 million compared to USD 134.184 million a year ago. Basic earnings per share was USD 1.82 compared to USD 2.15 a year ago. Diluted earnings per share was USD 1.72 compared to USD 2.02 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).
HOULIHAN LOKEY, INC. 
