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Investing.com -- Investment bank Houlihan Lokey, Inc. (NYSE:HLI) reported better-than-expected fourth quarter earnings and revenue on Thursday, sending shares up 2.8% in after-hours trading.
The company posted adjusted earnings per share of $1.96 for the quarter ended March 31, beating analyst estimates of $1.64. Revenue came in at $666.4 million, surpassing expectations of $631.9 million and representing a 28% increase YoY.
For the full fiscal year 2025, Houlihan Lokey reported record revenues of $2.39 billion, up 25% from $1.91 billion in fiscal 2024. Adjusted EPS for the year was $6.29, compared to $4.49 in the prior year.
The strong results were driven by growth across all business segments. Corporate Finance revenues jumped 44% YoY to $412.7 million in Q4, while Financial Restructuring revenues rose 6% to $164.5 million. Financial and Valuation Advisory revenues increased 15% to $89.2 million.
"Fiscal 2025 was a record year for our firm as all three groups ended the year with a strong fourth quarter," said CEO Scott Adelson. "While current volatility makes meaningful forecasts difficult, we are well positioned to handle the uncertainty of current market conditions."
The company also announced a 5% increase in its quarterly dividend to $0.60 per share.
Houlihan Lokey’s shares were up 2.8% in after-hours trading following the earnings release, reflecting investor optimism about the strong quarterly performance and outlook.
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