Bankruptcies have continued rising in the past few years as companies struggle in this high-interest rate environment. Data by S&P shows that there were almost 600 major bankruptcies during the year, with the most notable ones being WeWork, Lordstown Motors, Rite Aid, and Bed Bath and Beyond being the top ones. Bankruptcies trend to continue in 2024 Copy link to section The situation, unfortunately, will continue this year as many companies that borrowed in a low-interest rate environment hit a wall of matu ...

NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Michael Hommeyer has joined as a Managing Director in its Capital Markets Group. Based in New York, Mr. Hommeyer will spearhead a new syndicate function that focuses on expanding the firm’s investor coverage, distribution capabilities, and market insights as they pertain to U.S. private credit placements. Mr. Hommeyer joins the firm after spending 25 years at Morgan Stanley. Most recently, he served ...

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its third quarter results for the 2024 fiscal year on Thursday, February 1, 2024, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2024 third qua ...

CHARLOTTE, N.C. & DALLAS--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that both Dudley Baker and Kerr Robertson have joined the firm’s Healthcare Group as Managing Directors. Mr. Baker is based in Dallas covering healthcare information technology (HCIT), while Mr. Robertson is based in Charlotte, covering behavioral healthcare and other healthcare services. Mr. Baker joins the firm after spending eight years with Canaccord Genuity Group. Most recently, he se ...

NEW YORK & PARIS--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced a major expansion of its Private Funds Group to establish the Group as one of the preeminent global private capital advisory platforms. The firm has agreed to acquire Triago Management Development (Triago), a global independent advisory firm with core capabilities in primary fund and direct investment fundraising, general partner (GP) and limited partner (LP) led secondary transactions, and provid ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number: 001-37537 Houlihan Lokey, Inc. (Exact name of registrant as specified in its charter) Delaware 95-2770395 (State or ...

财务数据和关键指标变化 - 公司本季度收入为4.67亿美元,较去年同期下降5% [10][11] - 公司本季度调整后每股收益为1.11美元,较去年同期下降7% [10][11] - 公司过去7个季度收入保持在4.16亿美元至4.9亿美元的稳定范围内 [12] 各条业务线数据和关键指标变化 - 企业融资业务收入为2.82亿美元,较去年同期下降但较上季度有所增加 [17][32] - 企业融资业务完成117笔交易,较去年同期增加3笔,但平均交易费用有所下降 [32][33] - 财务重组业务收入为1.15亿美元,较去年同期增长17% [34] - 财务重组业务完成31笔交易,较去年同期增加7笔,但平均交易费用略有下降 [34] - 财务与估值咨询业务收入为7100万美元,较去年同期下降8% [35] - 财务与估值咨询业务完成852笔交易,较去年同期下降38笔 [35] 各个市场数据和关键指标变化 - 美国重组业务增长放缓,但欧洲、亚洲和南美洲的重组业务保持强劲 [23] 公司战略和发展方向及行业竞争 - 公司保持谨慎的现金管理策略,为未来收购和人才招聘保留灵活性 [44][45] - 公司过去7个季度通过收购和地域扩张为投行平台带来了显著价值 [29] - 公司认为随着市场环境的持续改善,有望最大化这一机会为员工和股东创造价值 [30] 管理层对经营环境和未来前景的评论 - 公司对市场环境的改善持谨慎乐观态度,但认为宏观压力仍存在 [15][16] - 公司认为重组业务在未来几年内将保持较高收入水平,而不会出现大幅波动 [24][25] - 公司认为财务与估值咨询业务如果MA交易量增加,将在2024年看到收入动能 [26][27] 其他重要信息 - 公司本季度新增2名董事总经理,认为高级人才招聘市场仍具吸引力 [29] 问答环节重要的提问和回答 问题1 **Brennan Hawken 提问** 提问的内容1 [49][50][51] **Scott Beiser 回答** 回答的内容1 [52][53][54][55][56][57] 问题2 **James Yaro 提问** 提问的内容2 [64][65] **Scott Beiser 回答** 回答的内容2 [66][67] 问题3 **Alex Jenkins 提问** 提问的内容3 [75][76][77][78][79] **Lindsey Alley 回答** 回答的内容3 [80][81][82][83]

INVESTOR PRESENTATION Disclaimers Forward-Looking Information This presentation contains forward-looking statements. All statements other than statements of historical facts contained in this presentation may be forward-looking statements. The words “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” and other expressions that are predictions of or indicate future events and tren ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ______________ Commission File Number: 001-37537 Houlihan Lokey, Inc. (Exact name of registrant as specified in its charter) Delaware 95-2770395 (State or other ...

财务数据和关键指标变化 - 公司本季度收入为4.16亿美元,同比下降1% [10] - 公司本季度调整后每股收益为0.89美元,同比下降19% [10] 各条业务线数据和关键指标变化 - 企业融资业务收入为2.27亿美元,同比下降14%,完成95笔交易,同比下降124笔 [27] - 财务重组业务收入为1.23亿美元,同比增长56%,完成30笔交易,同比增长16笔 [28] - 财务与估值咨询业务收入为0.65亿美元,同比下降14%,完成786笔交易,同比下降876笔 [29] 各个市场数据和关键指标变化 - 美国企业融资业务实现季度环比增长,而欧洲业务由于经济环境持续疲软而下滑 [16] 公司战略和发展方向及行业竞争 - 公司正在积极补充人才,包括通过内部晋升和外部招聘6名新的董事总经理 [22][23][24][25] - 公司宣布收购IT服务投行7 Mile Advisors,预计将在第二财季完成交割 [22] - 公司认为在更强劲的并购市场环境下,凭借多元化的业务平台和优秀的人才团队,将能够充分受益 [24][25] 管理层对经营环境和未来前景的评论 - 公司进入第一财季时对看到一些增长持乐观态度,但并购市场仍然疲软,交易完成情况疲弱 [11] - 不过,随着股票和债券市场的改善,客户信心有所提升,并购交易动力有所增强 [12][13][14] - 公司认为未来几年财务重组业务将保持较高收入水平,因为利率上升和即将到来的债务到期潮 [19] - 如果并购市场持续改善,公司预计财务与估值咨询业务在下半年将会看到收入动力 [21] 问答环节重要的提问和回答 问题1 **Ben Rubin 提问** 公司本季度企业融资业务收入表现低于预期,是由于时间性因素还是行业环境发生了结构性变化 [49] **Scott Beiser 回答** 公司认为目前的收入水平可能代表了本财年的低点,未来几个月内有望逐步改善,但要到明年才能真正反映在收入上 [50][51] 问题2 **James Yaro 提问** 私募信贷生态系统是否会抑制破产重组业务的发展 [59] **Scott Beiser 回答** 公司认为私募信贷的增长并未对重组业务产生实质性影响,因为整体债务水平上升、利率大幅上涨等因素仍将推动未来两年内重组业务保持较高收入水平 [60][61][62][63] 问题3 **Brendan O'Brien 提问** 欧洲市场与美国市场在并购环境和前景上是否存在差异 [97] **Lindsey Alley 回答** 公司了解到欧洲市场与美国市场在活跃程度上并无太大差异,未来几个季度有望呈现相似的改善趋势 [100][101] **Scott Beiser 补充** 公司在欧洲市场持续加强品牌影响力和行业覆盖,有望在未来进一步提升欧洲业务的表现 [103][104][105][106][107]