Houlihan Lokey Inc - HLI STOCK NEWS

Houlihan Lokey (NYSE:HLI) has appointed Ee Beng Soh as a Senior Advisor to enhance its operations in Singapore. With over 24 years of experience in investment banking, including leadership roles at HSBC and BNP Paribas, Soh's expertise is expected to significantly benefit the firm. His role will focus on leveraging Singapore's strengthening insolvency framework to capitalize on increasing restructuring demands in the region. This strategic appointment is part of Houlihan Lokey's broader expansion strategy in South East Asia, aiming to provide superior advisory services to corporate clients and financial investors.

B. Smith Joins Houlihan Lokey as a Managing Director in the Business Services Group, enhancing coverage in transportation and logistics. With over 25 years of industry experience, he previously led transportation and logistics at Capstone Partners. The firm, recognized as the No. 1 investment bank for global business services M&A, boasts 115 financial professionals across 34 locations. Smith's expertise and client relationships are expected to strengthen the group's service delivery. He holds degrees from Stanford and Harvard Law School, furthering Houlihan Lokey's commitment to excellence.

Houlihan Lokey (NYSE:HLI) has appointed Jesse Nichols as a Managing Director in its global Technology Group, focusing on the digital infrastructure sector. Based in Boston, Nichols brings extensive experience, having previously led M&A and advisory for communications infrastructure at Alpina Capital. His addition aims to enhance Houlihan Lokey’s already leading Digital Infrastructure practice, which advised on over 25 transactions valued at approximately $13 billion in 2021, reinforcing the firm's reputation in technology advisory.

Northmarq has announced the acquisition of Stan Johnson Company, significantly expanding its reach in commercial real estate. This strategic move will bolster Northmarq's capabilities in investment sales and capital markets, currently boasting nearly 1,000 professionals across the nation. Stan Johnson Company brings a wealth of expertise, having closed around 7,500 transactions totaling over $45 billion. The integration aims to enhance service offerings in various asset classes, enabling greater investment opportunities for clients.

Adam Raucher Joins Houlihan Lokey as a Managing Director in its Capital Markets Group. Based in New York, Mr. Raucher will enhance capital markets coverage for financial institutions. He has over two decades of experience, previously serving as Managing Director at Deutsche Bank. His expertise is expected to boost Houlihan Lokey's capabilities in the financial sector. The firm has a strong track record, advising in raising over $15 billion in capital during the last fiscal year.

Houlihan Lokey (NYSE:HLI) has appointed Luiz Greca as Managing Director in its Healthcare Group, focusing on the Healthcare IT (HCIT) practice in the U.S., based in Miami. Greca brings nearly a decade of M&A and financial advisory experience from his previous role at William Blair & Company. His expertise aligns with the current active HCIT M&A market. The firm continues to be a leader in healthcare and technology advisory, noted for top rankings in M&A transactions under $1 billion.

Houlihan Lokey (NYSE:HLI) reported first quarter fiscal 2023 revenues of $419 million, up from $373 million in the same quarter last year. The company posted a diluted EPS of $1.03, compared to $1.25 previously. Adjusted diluted EPS stood at $1.10, down from $1.19. Notably, corporate finance revenues surged by 26%, while financial restructuring revenues declined by 20%. A quarterly dividend of $0.53 per share has been declared, payable on September 15, 2022. As of June 30, 2022, cash and equivalents totaled $525 million.

Houlihan Lokey (NYSE:HLI) plans to release its Q1 2023 fiscal results on July 28, 2022, after market close. A conference call hosted by CEO Scott Beiser and CFO Lindsey Alley will take place at 5:00 p.m. ET to discuss performance and answer investor questions. Participants can join via telephone at 1-800-263-0877 or listen online via the Company's website. The replay will be accessible from 8:00 p.m. ET that day until August 4, 2022.