Houlihan Lokey reports Q1 adjusted EPS 89c, consensus $1.01

Reports Q1 revenue $415.83M, consensus $434.84M. “Our first quarter fiscal 2024 continued to see strength in financial restructuring and softness in the M&A market. This is the 6th quarter in a row with these market dynamics. However, recently we have started to see improvements in the M&A environment and are hopeful that this momentum remains for the foreseeable future. We have continued to invest heavily in our people and our infrastructure for the last 18 months in anticipation of improved market conditions, and we believe we are well positioned to capitalize when they occur,” stated Scott Beiser, CEO of Houlihan Lokey.