Moelis & Company Reports Record First Quarter 2021 Financial Results; Declares Special Dividend of $2.00 per share in Addition to Regular Quarterly Dividend of $0.55 Per Share
Moelis & Company (NYSE: MC) reported a strong Q1 2021, with revenues of $263.9 million, up 72% year-over-year, marking the second-highest quarterly revenue in the firm’s history. The firm achieved a GAAP net income of $75.8 million or $1.00 per share, and an adjusted net income of $76.2 million or $1.02 per share. A special dividend of $2.00 per share, alongside a regular dividend of $0.55, was announced, contributing to over $430 million returned to shareholders in the last two quarters.
- Revenue increased by 72% year-over-year, reaching $263.9 million.
- GAAP net income of $75.8 million or $1.00 per share, significantly up from $31.3 million or $0.45 per share the previous year.
- Announced a special dividend of $2.00 per share, in addition to a regular quarterly dividend of $0.55.
- Financial results can fluctuate materially based on the timing and size of completed transactions.
Insights
Analyzing...
Moelis & Company (NYSE: MC) today reported financial results for the first quarter ended March 31, 2021. The Firm’s first quarter revenues of
“Our record first quarter revenues reflect growth across all of our business and regions. I believe that our franchise is stronger today than at any other point in our Firm’s history,” said Ken Moelis, Chairman and Chief Executive Officer.
“Our solid topline performance, ongoing expense discipline, and focus on profitable organic growth generates substantial shareholder returns, as evidenced by today’s announcement of a
The Firm’s revenues and net income can fluctuate materially depending on the number, size and timing of completed transactions as well as other factors. Accordingly, financial results in any particular quarter may not be representative of future results over a longer period of time.
Currently
1 Includes dividends declared but not yet paid
GAAP and Adjusted (non-GAAP) Selected Financial Data (Unaudited) |
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