Welcome to our dedicated page for Moelis & Co news (Ticker: MC), a resource for investors and traders seeking the latest updates and insights on Moelis & Co stock.
Moelis & Company (NYSE: MC) is a global independent investment bank whose news flow is closely tied to its advisory activities and corporate developments. The firm regularly issues press releases and SEC-referenced announcements covering quarterly and annual financial results, leadership and board changes, senior hiring, and the expansion of its advisory platform across regions and products.
Investors following MC news can expect detailed earnings releases that discuss revenues, net income, operating expenses, and non-GAAP measures such as Adjusted revenues and Adjusted pre-tax margin. These updates often explain how activity in mergers and acquisitions, capital markets, and capital structure advisory has influenced performance, and they may highlight trends in average fees per completed transaction.
Moelis & Company also frequently announces dividend declarations, share repurchases, and commentary on its balance sheet, including references to cash and liquid investments and the absence of funded debt or goodwill in the periods described. In addition, the firm issues news on senior leadership transitions, such as changes in the roles of its founder and co-founders, and on board appointments of independent directors.
Another recurring theme in MC news is growth and hiring. The company reports the addition of Managing Directors focused on M&A, capital markets, metals & mining, technology, business services, and private capital advisory, as well as appointments within its Private Funds Advisory business. Moelis & Company’s participation in financial services conferences hosted by institutions like Goldman Sachs and Morgan Stanley is also highlighted in its announcements.
For readers and investors, this news page provides a centralized view of Moelis & Company’s financial reporting, strategic hires, leadership updates, and capital management actions, offering context on how the firm is evolving within the investment banking and securities dealing industry.
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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