Moelis & Company reports developments tied to its role as a global independent investment bank providing strategic and financial advice to corporations, governments and financial sponsors. News commonly centers on operating results, advisory revenue from completed transactions, activity in mergers and acquisitions, recapitalizations, restructurings, capital markets transactions and other corporate finance matters.
Company updates also cover capital-return actions such as regular dividends and share repurchase authorizations, conference appearances, investor presentations, board and governance changes, and additions to senior advisory coverage areas including Private Capital Advisory, Technology and Business Services. The firm serves clients across the Americas, Europe, the Middle East and Asia-Pacific.
Moelis & Company (NYSE: MC) reported Q3 2020 revenues of $207.6 million, a 10% decrease from the prior year, with net income at $41.8 million or $0.54 per share, down 24%. For the first nine months, revenues totaled $521.2 million, slightly down from $523.0 million, and net income was $62.9 million or $0.88 per share, a 42% decline. The firm witnessed a surge in M&A activities and restructuring mandates, enhancing future growth prospects despite a challenging environment due to COVID-19.
Moelis & Company (NYSE: MC) is set to announce its third quarter 2020 financial results on October 26, 2020, after market close. The announcement will be accompanied by a conference call at 5:00 PM ET the same day, led by CEO Ken Moelis and CFO Joe Simon. Investors can participate in the call by dialing designated numbers or listening via a webcast at Moelis’ website. A replay of the call will be available for one month following the event. Moelis provides financial advisory services globally, focusing on mergers, acquisitions, and corporate finance.