Houlihan Lokey Inc - HLI STOCK NEWS

Houlihan Lokey, Inc. has released its third annual Sustainability Report, highlighting its commitment to environmental, social, and governance (ESG) responsibilities. The report covers various initiatives including talent development, diversity, equity and inclusion, community involvement, environmental stewardship, and good corporate governance. Notable highlights include the formation of a new community group for veterans, emphasis on mental health awareness, addition of employee diversity statistics, and the creation of the Sustainability Advisory Services platform.

Houlihan Lokey, Inc. (NYSE:HLI) reported first quarter fiscal 2024 revenues of $416 million and diluted EPS of $0.90. The company announced a dividend of $0.55 per share for the second quarter fiscal 2024. The report highlighted strength in financial restructuring and softness in the M&A market, with a hopeful outlook for future improvements.

Houlihan Lokey, Inc. (NYSE:HLI) announces Jonathan Jameson joining as Managing Director in the Private Funds Group in New York, expanding coverage of general and limited partners in North America. With over 25 years of private capital markets experience, Jameson's expertise will strengthen the firm's position as a leading provider of private placement advisory expertise in North America.

Houlihan Lokey reports fiscal year 2023 revenues of $1.81 billion and diluted EPS of $3.98. Q4 2023 revenues were $445 million with diluted EPS of $1.10. The company announces an increase in the quarterly dividend to $0.55 per share.

Houlihan Lokey, Inc. (NYSE:HLI) will announce its fourth quarter and full year results for the fiscal year 2023 on May 9, 2023, post-market. A conference call will occur the same day at 5:00 p.m. ET, featuring CEO Scott Beiser and CFO Lindsey Alley to discuss performance and answer analyst inquiries. Participants can join via telephone or audio webcast on the company’s website. A replay of the call will be available from 8:00 p.m. ET May 9 until May 16, 2023.

Houlihan Lokey is renowned for its expertise in mergers and acquisitions, capital markets, and restructuring, maintaining a top position in global transactions under $1 billion for eight consecutive years, according to Refinitiv.

Mario Manna Joins Houlihan Lokey as a Managing Director in New York. This strategic hire enhances the Capital Markets Group's capabilities, focusing on corporate and financial sponsor clients in real-asset-intensive sectors. Manna brings over 20 years of experience, having previously led Private Placements at RBC Capital Markets and held senior roles at Pareto Securities and BNP Paribas.

According to Anthony Martino, Global Co-Head of the group, Manna's expertise in securitizations and rated-debt solutions in infrastructure, power, energy, and transportation is expected to significantly bolster the firm's service offerings. Houlihan Lokey’s Capital Markets Group has raised approximately $25 billion and advised on $12 billion across 250+ transactions in the last two years.