Greenhill & Co., Inc. - GHL STOCK NEWS

Greenhill & Co. (NYSE: GHL) reported fourth-quarter revenues of $116.7 million, down 17% from $140.7 million in Q4 2020, marking the third highest quarterly advisory revenues in its history. Annual revenues rose 2% to $317.5 million. Fourth-quarter net income was $28.9 million with diluted EPS of $1.21. The firm achieved a compensation ratio of 51% and an operating profit margin of 37%. The board authorized a share repurchase program of up to $70 million and doubled the dividend to $0.10 per share.

Greenhill & Co. (NYSE: GHL) has appointed Kent Fisher as a Senior Advisor, focusing on the aerospace, defense, and aviation services sectors. Fisher brings 25 years of experience from The Boeing Company, where he was CFO of Boeing Commercial Airplanes, managing $32 billion in revenues and overseeing 18 transactions worth over $11 billion. CEO Scott L. Bok expressed confidence in Fisher's industry expertise, particularly in navigating supply chain challenges. This addition aims to enhance Greenhill’s advisory capabilities in a rapidly evolving aerospace market.

Greenhill & Co. (NYSE: GHL) will announce its fourth quarter and full-year 2021 financial results on February 2, 2022, after market close. The announcement will be followed by a conference call at 4:30 p.m. ET, where CEO Scott L. Bok will discuss the results. Investors can participate via phone or online. A replay will be available for one month after the call. Greenhill specializes in financial advisory for mergers, acquisitions, restructurings, and capital raising for clients globally from various international offices.

Greenhill & Co. (NYSE: GHL) reported third-quarter revenues of $88.6 million, a 58% increase from the previous year, with net income of $20.1 million and earnings per share of $0.85. Year-to-date revenues reached $200.8 million, up 17% from 2020. The firm reduced total debt by $45 million in 2021, including a $10 million discretionary repayment post-quarter. Operating profit margin stood at 34% for the quarter. Share repurchase totaled 637,227 shares at an average of $14.95 per share. A dividend of $0.05 per share is declared, payable December 15, 2021.

Greenhill & Co. (NYSE: GHL) has appointed Scott Hoy as Managing Director and Head of Financial Services for Asia-Pacific, effective immediately. With over 30 years of M&A experience, Hoy has led significant transactions at ANZ Banking Group and previously worked at Citigroup. Scott L. Bok, Chairman and CEO, emphasized Hoy's expertise in expanding Greenhill’s advisory capabilities in Australia. This strategic hire is expected to enhance the firm's momentum in advising on domestic and cross-border transactions, reinforcing its commitment to providing high-quality independent financial advice.

Greenhill & Co., Inc. (NYSE: GHL) will announce its third quarter 2021 financial results on November 3, 2021, after market close. A related conference call will take place at 4:30 p.m. ET on the same day, featuring Scott L. Bok, the company's CEO. Investors can join via phone or the company's website. A replay will be available after the call. Greenhill specializes in financial advisory services for mergers, acquisitions, and capital raising, serving clients globally from numerous major cities.

Greenhill & Co., Inc. (NYSE: GHL) announced the appointment of Christian Zorn as Managing Director and Head of the DACH region, based in Frankfurt. With 27 years of experience, Zorn previously co-led BDT & Company International and held a significant role at Morgan Stanley. The CEO, Scott L. Bok, expressed enthusiasm for Zorn’s expertise, emphasizing plans to enhance resources in the DACH region, building on the firm’s 21-year presence. Zorn aims to leverage Greenhill's global network for DACH clients, collaborating closely with Philip Meyer-Horn, now Chairman of the region.

Greenhill & Co. (NYSE: GHL) reported Q2 2021 revenues of $43.2 million, down 10% year-over-year, with a net loss of $8.8 million, improving from a $15 million loss in Q2 2020. Year-to-date revenues decreased by 2% to $112.2 million. The firm reduced operating expenses by 17% to $52.4 million in Q2. It continues to recruit key personnel, adding 10 Managing Directors this year, indicating growth focus. Additionally, $15 million in discretionary debt repayment was made post-quarter end, and a dividend of $0.05 per share will be paid on September 15, 2021.

Greenhill & Co., Inc. (NYSE: GHL) will announce its second quarter 2021 financial results after market close on August 3, 2021. A related conference call will take place at 4:30 p.m. ET on the same day, led by Scott L. Bok, the CEO. Investors can join via telephone or access the call through the company's website. A replay will be available for one month post-call. Greenhill focuses on providing financial advice on significant transactions globally, serving a wide range of clients from various industries.