Welcome to our dedicated page for Houlihan Lokey news (Ticker: HLI), a resource for investors and traders seeking the latest updates and insights on Houlihan Lokey stock.
Houlihan Lokey, Inc. reports developments as a global investment bank that provides independent strategic and financial advice to corporations, financial sponsors, institutions, and governments. The firm’s recurring news centers on mergers and acquisitions advisory, capital solutions, financial restructuring, financial and valuation advisory, and strategic consulting across its Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory businesses.
Company updates also cover fiscal results, segment revenue trends, expense commentary, and senior appointments that expand sector coverage. Recent recurring themes include growth in technology, real estate capital advisory, specialty distribution, IT services, and other industry groups across the United States, Europe, and Asia-Pacific.
Northmarq has announced the acquisition of Stan Johnson Company, significantly expanding its reach in commercial real estate. This strategic move will bolster Northmarq's capabilities in investment sales and capital markets, currently boasting nearly 1,000 professionals across the nation. Stan Johnson Company brings a wealth of expertise, having closed around 7,500 transactions totaling over $45 billion. The integration aims to enhance service offerings in various asset classes, enabling greater investment opportunities for clients.
Adam Raucher Joins Houlihan Lokey as a Managing Director in its Capital Markets Group. Based in New York, Mr. Raucher will enhance capital markets coverage for financial institutions. He has over two decades of experience, previously serving as Managing Director at Deutsche Bank. His expertise is expected to boost Houlihan Lokey's capabilities in the financial sector. The firm has a strong track record, advising in raising over $15 billion in capital during the last fiscal year.
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.
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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 location value="LC/cn"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.