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Houlihan Lokey, Inc. (HLI) Q3 2024 Earnings Call Transcript

Houlihan Lokey's (HLI) third-quarter fiscal 2024 results are likely to suffer from a fall in the number of Fee Events and escalating costs. Nevertheless, higher interest rates are expected to act as a partial offset.

Bankruptcies have continued rising in the past few years as companies struggle in this high-interest rate environment. Data by S&P shows that there were almost 600 major bankruptcies during the year, with the most notable ones being WeWork, Lordstown Motors, Rite Aid, and Bed Bath and Beyond being the top ones.

LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that it will release its third quarter results for the 2024 fiscal year on Thursday, February 1, 2024, after the close of trading on the New York Stock Exchange. Houlihan Lokey will host a conference call at 5:00 p.m. (ET) that same day to review the results. On the call, Scott Beiser, Chief Executive Officer, and Lindsey Alley, Chief Financial Officer, will discuss the fiscal 2.

Houlihan Lokey (HLI) expects the Triago Management acquisition to close in the first half of 2024.

NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, today announced that Scott Beiser, Chief Executive Officer, and Gregg Newman, Managing Director and Global Co-Head of Capital Markets, will present at Goldman Sachs' 2023 US Financial Services Conference on Tuesday, December 5, 2023 at 4:20 p.m. Eastern Time. Access to a live webcast of the presentation in listen-only mode will be available through the “Investor Relations” section of the Company's website, w.

Houlihan Lokey, Inc. (NYSE:HLI ) Q2 2024 Earnings Conference Call October 26, 2023 5:00 PM ET Company Participants Charles Yamarone - Chief Corporate Governance & Compliance Officer Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Brennan Hawken - UBS James Yaro - Goldman Sachs Alex Jenkins - JMP Securities Ken Worthington - JPMorgan Ryan Kenny - Morgan Stanley Brendan O'Brien - Wolfe Research Operator Good day ladies and gentlemen. Thank you for standing by.

The company's growth has normalized after a remarkable period, but it's still fundamentally strong, with solid profitability and a dominant position in M&A, Restructuring, and Fairness Opinion services globally. The stock's valuation has risen considerably over the past year, reflecting a broader trend in the Investment Banking and Brokerage industry. Despite this, it may still offer value in the long term. HLI remains ahead of its peers, with a lower correlation to the market and better returns, making it an attractive diversification option for portfolios.

Wells Fargo & Co. WFC, -2.72% will pay $125 million out of a total of $289 million in fines by the Securities and Exchange Commission against 10 firms “for widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications,” the SEC said. The firms have started to carry out improvements to their compliance policies and procedures to address the violations, the SEC said.

Houlihan Lokey, Inc. (NYSE:HLI ) Q1 2024 Earnings Conference Call July 27, 2023 5:00 PM ET Company Participants Christopher Crain - General Counsel Scott Beiser - CEO Lindsey Alley - CFO Conference Call Participants Ben Rubin - UBS James Yaro - Goldman Sachs Ken Worthington - JPMorgan Michael Falco - JMP Securities Brendan O'Brien - Wolfe Research Ryan Kenny - Morgan Stanley Operator Good day, ladies and gentlemen. Thank you for standing by.