Houlihan Lokey, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 29, 2018
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Houlihan Lokey, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company reported fee revenue of $258,937,000 compared to $247,680,000 a year ago. Operating income was $54,485,000 compared to $56,823,000 a year ago. Income before provision for income taxes was $55,117,000 compared to $55,739,000 a year ago. Net income attributable to the company was $61,583,000 or $0.93 per diluted share compared to $33,980,000 or $0.51 per diluted share a year ago. Adjusted operating income was $65,645,000 compared to $63,278,000 a year ago. Adjusted net income was $45,580,000 or $0.69 per diluted share compared to $37,915,000 or $0.57 per diluted share a year ago.
For the nine months, the company reported fee revenue of $718,611,000 compared to $614,991,000 a year ago. Operating income was $154,684,000 compared to $124,661,000 a year ago. Income before provision for income taxes was $157,022,000 compared to $121,920,000 a year ago. Net income attributable to the company was $134,184,000 or $2.02 per diluted share compared to $74,267,000 or $1.11 per diluted share a year ago. Adjusted operating income was $178,456,000 compared to $144,122,000 a year ago. Adjusted net income was $115,637,000 or $1.74 per diluted share compared to $86,097,000 or $1.29 per diluted share 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. 
