Houlihan Lokey Inc Stock Price, News & Analysis

Houlihan Lokey, Inc. (NYSE:HLI) announced that Gareth Gibson will join its Transaction Advisory Services (TAS) team as Managing Director starting April 3. Based in Houston, Gibson will lead the business services segment within the Financial Due Diligence (FDD) practice. With 17 years at KPMG, he has a strong background in transaction advisory services. Gibson expressed enthusiasm for contributing to Houlihan Lokey's growth and enhancing client service. The firm is known for its extensive expertise in M&A, capital markets, and restructuring services.

Taoglas has secured a majority ownership from Graham Partners, enhancing its capabilities to expand in the IoT sector. The partnership aims to drive organic growth, and bolster product development and sales channels across various industries including healthcare and smart cities. CEO Dermot O’Shea emphasizes that the deal aligns with their vision and maintains existing leadership. The investment will also help mitigate supply chain risks amid economic uncertainties. Additionally, Graham Partners plans to support Taoglas in seeking further acquisitions to accelerate growth.

Andrew Ziegler has joined Houlihan Lokey as a Managing Director in New York, enhancing the firm's Transaction Advisory Services team. With over 15 years of experience, he will assist clients on M&A tax matters. Previously at KPMG, Mr. Ziegler advised on a range of tax transactions including leveraged buyouts and IPOs. His expertise aligns with Houlihan Lokey's reputation for superior client focus and advisory services. The firm, recognized as a leader in global M&A transactions under $1 billion, continues to expand its capabilities in advising clients worldwide.

Houlihan Lokey, Inc. (NYSE:HLI) has appointed Daniel East as a Managing Director in its Capital Markets Group, based in Houston. Mr. East, who brings over 25 years of experience in the energy and power sectors, will collaborate with the firm’s Oil & Gas Group and Power & Utilities team to offer private capital financing solutions. The Capital Markets Group has raised approximately $25 billion over the past two years and has a significant presence in various global locations, reaffirming its status as a leading investment bank in M&A transactions.

Houlihan Lokey reported third quarter fiscal 2023 revenues of $456 million, down from $889 million in Q3 2022. Diluted EPS for the quarter was $0.90, a sharp decline from $2.54 in the previous year. Adjusted EPS stood at $1.14, compared to $2.90 for Q3 2022. The company attributed the revenue drop to fewer closed transactions, particularly in Corporate Finance, which saw a 59% decrease. Despite these challenges, Houlihan Lokey maintained its position as a leading M&A advisor globally. A quarterly dividend of $0.53 per share was announced for Q4 2023. Financial highlights also included a provision for income taxes of $20.56 million.

Houlihan Lokey, Inc. (NYSE:HLI) will announce its third quarter results for the fiscal year 2023 on January 31, 2023, post market close. A conference call will follow at 5:00 p.m. (ET), led by CEO Scott Beiser and CFO Lindsey Alley, to discuss the financial performance and include a Q&A session for analysts and investors. Interested parties can join the call via telephone or audio webcast on the company's website. A playback of the call will be available from 8:00 p.m. (ET) on the same day until February 7, 2023.

Houlihan Lokey (NYSE:HLI) has announced its acquisition of Oakley Advisory, enhancing its strategic presence in the digital infrastructure, communications, and cloud sectors in Europe. With over 150 completed transactions valued at more than £35 billion, Oakley brings extensive expertise and a strong client network. The acquisition includes the addition of Chris Godsmark and Christian Maher as Managing Directors, expanding Houlihan's Digital Infrastructure team to over 40 professionals. The deal is set to be completed next quarter, pending regulatory approvals.

Houlihan Lokey (NYSE:HLI) has appointed Matthew Hudson and Spencer Lippman as Managing Directors in its Business Services Group, enhancing its focus on the equipment-as-a-service sector. Hudson will lead a new investment banking office in Baltimore, while Lippman will operate from the Houston office. Both executives come with significant experience from Oppenheimer & Co. and will contribute to the firm's strategic expansion in advisory services, continuing Houlihan Lokey's reputation as a top global investment bank.

Zukin Certification Services (ZCS) has partnered with specialty insurer Banyan Risk to provide discounted Directors’ and Officers’ (D&O) insurance alongside a subsidized Zukin Reasonable Basis Review (ZBR™). This review service offers SPACs an independent assessment of target company financial projections, thus helping mitigate transaction risks. Banyan aims to support SPAC clients in navigating challenging market conditions by offering these essential services at reduced rates, potentially transforming SPAC perceptions in the marketplace.