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Moelis & Co (MC) is a leading independent investment bank providing strategic advisory services for complex financial transactions worldwide. This news hub offers investors and professionals timely updates on the firm's activities in mergers & acquisitions, corporate restructurings, and capital market strategies.
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Moelis & Company reported third quarter 2024 financial results with GAAP revenues of $273.8 million and Adjusted revenues of $280.7 million, up 1% from the prior year. For the first nine months of 2024, GAAP revenues reached $755.8 million, while Adjusted revenues were $762.8 million, showing an 18% increase year-over-year. The company reported third quarter GAAP net income of $0.22 per share and maintained a strong balance sheet with $297.7 million in cash and short-term investments with no debt. The Board declared a quarterly dividend of $0.60 per share.
Moelis & Company (NYSE: MC), a leading global independent investment bank, has announced it will release its third quarter 2024 financial results after market close on Wednesday, October 23rd, 2024. Following the release, Chairman and CEO Ken Moelis and CFO Joe Simon will host a conference call at 5:00pm ET on the same day to review the financial results and conduct a Q&A session.
Investors and analysts can participate in the live conference call by dialing +1 (888) 300 4150 (domestic) or +1 (646) 970 1530 (international) using access code 8014191. The call will also be accessible as a listen-only audio webcast through the company's Investor Relations website. A replay of the call will be available for one month via telephone starting approximately one hour after the live call ends.
Moelis (NYSE: MC), a leading global independent investment bank, has appointed Dr. Louise Mirrer as an Independent Member to its Board of Directors, effective September 17, 2024. Dr. Mirrer brings over 40 years of experience in academia and the non-profit sector, including more than 20 years of executive leadership. Since 2004, she has been the President and CEO of the New York Historical Society, where she has significantly enhanced the organization's position and overseen a $100 million capital campaign. Dr. Mirrer will join as the fourth Independent Director alongside John Allison, Kenneth Shropshire, and Laila Worrell.
Moelis & Company (NYSE: MC) reported its Q2 and H1 2024 financial results, showcasing strong earnings growth. Q2 GAAP revenues were $264.6 million, a 45% increase from the prior year. Adjusted revenues were also $264.6 million. GAAP net income for Q2 was $14.9 million ($0.17 per share), and adjusted net income was $14.5 million ($0.18 per share), a significant improvement from a net loss of $2.6 million in Q2 2023. H1 GAAP revenues totaled $482.1 million, up 31% from 2023. GAAP net income for H1 was $32.4 million ($0.39 per share), and adjusted net income was $32.8 million ($0.40 per share). The firm declared a quarterly dividend of $0.60 per share.
CEO Ken Moelis highlighted improved performance and growth strategy execution, including the promotion of seven advisory professionals and hiring three new Managing Directors. The firm maintains a strong balance sheet with $191.3 million in cash and no debt.
Moelis & Company (NYSE: MC), a prominent global independent investment bank, plans to announce its second quarter 2024 financial results after market close on July 24, 2024.
Chairman and CEO Ken Moelis and CFO Joe Simon will host a conference call at 5:00 PM ET the same day to review these results, followed by a Q&A session.
Participants can join the live call by dialing +1 (888) 300 4150 (domestic) or +1 (646) 970 1530 (international) using access code 8014191. The call will also be available as an audio webcast on the company's Investor Relations website. A replay will be accessible for one month post-conference at +1 800 770 2030 (domestic) or +1 609 800 9909 (international) with the same access code.
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