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HOULIHAN LOKEY, INC. (HLI)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21Jun-30-21
   10-Q10-K10-Q10-Q10-K10-Q10-Q10-Q
Revenues:  
    Corporate Finance  227.1256.4291.7264.0279.0715.7 210.0
    Financial Restructuring  123.4120.498.878.8121.689.3 98.8
    Financial Advisory Services  65.4 65.975.9 83.9 64.0
    Other   68.0  70.6   
Total revenues  415.8444.8456.5418.6471.2888.8 372.7
            Revenue growth   [+]-0.7%-5.6%-48.6%12.3%-5.9%65.2% 76.5%
Cost of goods sold  263.5282.9289.3265.7293.6549.4 232.3
Gross profit  152.3161.8167.2152.9177.6339.4 140.4
            Gross margin  36.6%36.4%36.6%36.5%37.7%38.2% 37.7%
Selling, general and administrative   [+]25.622.522.117.515.425.5 8.4
Research and development  13.515.214.811.013.512.4 7.0
Equity in earnings          
Other operating expenses  33.329.332.927.737.332.2 13.2
EBITDA   [+]79.994.897.496.7111.5269.3 111.8
            EBITDA margin  19.2%21.3%21.3%23.1%23.7%30.3% 30.0%
Depreciation  3.23.12.93.44.14.62.73.1
EBITA  76.791.794.593.3107.3264.7 108.7
            EBITA margin  18.4%20.6%20.7%22.3%22.8%29.8% 29.2%
Amortization of intangibles  3.43.210.415.815.815.51.61.1
EBIT   [+]73.388.584.277.691.5249.3 107.7
            EBIT margin  17.6%19.9%18.4%18.5%19.4%28.0% 28.9%
Non-recurring items   -2.1  -7.1   
Other income (expense), net  3.0-10.3-0.6-1.7-7.9-0.3 0.1
Pre-tax income  76.480.383.675.890.7249.0 107.8
Income taxes  15.020.620.65.025.574.7 21.8
            Tax rate  19.6%25.7%24.6%6.6%28.1%30.0% 20.2%
Minority interest       0.6  
Net income  61.459.763.170.865.2173.7 86.0
            Net margin  14.8%13.4%13.8%16.9%13.8%19.5% 23.1%
   
Basic EPS   [+]$0.96$0.94$0.99$1.12$1.00$2.68 $1.31
Diluted EPS   [+]$0.90$0.88$0.90$1.03$0.95$2.54 $1.25
   
Dividends per share   [+]$0.66$0.51 $0.64$0.42$0.43 $0.47
   
Shares outstanding (basic)   [+]63.863.463.463.365.064.9 65.7
Shares outstanding (diluted)   [+]68.067.669.768.868.368.3 68.7
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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