Houlihan Lokey Inc Stock Price, News & Analysis

Houlihan Lokey (NYSE:HLI) has appointed Luiz Greca as Managing Director in its Healthcare Group, focusing on the Healthcare IT (HCIT) practice in the U.S., based in Miami. Greca brings nearly a decade of M&A and financial advisory experience from his previous role at William Blair & Company. His expertise aligns with the current active HCIT M&A market. The firm continues to be a leader in healthcare and technology advisory, noted for top rankings in M&A transactions under $1 billion.

Houlihan Lokey (NYSE:HLI) reported first quarter fiscal 2023 revenues of $419 million, up from $373 million in the same quarter last year. The company posted a diluted EPS of $1.03, compared to $1.25 previously. Adjusted diluted EPS stood at $1.10, down from $1.19. Notably, corporate finance revenues surged by 26%, while financial restructuring revenues declined by 20%. A quarterly dividend of $0.53 per share has been declared, payable on September 15, 2022. As of June 30, 2022, cash and equivalents totaled $525 million.

Houlihan Lokey (NYSE:HLI) plans to release its Q1 2023 fiscal results on July 28, 2022, after market close. A conference call hosted by CEO Scott Beiser and CFO Lindsey Alley will take place at 5:00 p.m. ET to discuss performance and answer investor questions. Participants can join via telephone at 1-800-263-0877 or listen online via the Company's website. The replay will be accessible from 8:00 p.m. ET that day until August 4, 2022.

Houlihan Lokey, Inc. (NYSE:HLI) has appointed Zili Shao as a Senior Advisor to enhance its Financial Restructuring practice in Greater China. Mr. Shao, an experienced executive with a history in financial services, will support the firm’s expansion in the region. With a strong restructuring presence, Houlihan Lokey has advised on over 1,500 transactions amounting to more than US$3.0 trillion in debt claims. His expertise is expected to be instrumental as the firm aims to broaden its client services in China.

David Villa Joins Houlihan Lokey as a Managing Director in New York.

Villa will focus on specialty finance companies and depositories, enhancing the firm's already robust Financial Services Group. His past roles include significant experience at Credit Suisse and RBC Capital Markets, specializing in M&A transactions and capital market financings.

Houlihan Lokey's Financial Services Group, with over 50 bankers worldwide, has been recognized as the top advisor in specialty finance in North America for the last decade.

Joel Simkins Joins Houlihan Lokey as a Managing Director in New York, focusing on the gaming sector within the Technology Group. His extensive experience includes leadership roles at Truist Securities and Credit Suisse, enhancing Houlihan Lokey’s capabilities as the gaming industry evolves towards digital platforms. The firm, a leader in global investment banking, aims to leverage Simkins’ expertise to further grow its gaming coverage. In 2021, Houlihan Lokey was ranked No. 1 for global technology transactions with 124 deals, highlighting its strong market position.

Houlihan Lokey (NYSE:HLI) has announced the appointment of Samrat Karnik as a Managing Director in its Industrials Group, enhancing its expertise in industrial technologies, particularly in automation and water solutions. Karnik brings significant experience from his previous roles, including Co-Head at Capstone Partners and Vice President at Duff & Phelps. The firm continues to lead in M&A advisory within the U.S. industrial sector, recognized as the No. 1 advisor for 2021 according to Refinitiv.

Zukin Certification Services (ZCS) has launched the Zukin Reasonable Basis Review (Zukin RBR) to provide independent financial due diligence for SPACs. This new service aims to assist SPAC sponsors in complying with SEC guidelines issued on March 30, 2022, enhancing disclosure and investor protection for financial projections. ZCS, founded by Jim Zukin, offers expert reviews of target companies' financial projections and assumptions, promoting investor confidence. The service includes a report for SPAC Boards, ensuring a robust third-party review process.