Q1 2026 Houlihan Lokey Inc Earnings Call Transcript
Key Points
- Houlihan Lokey Inc (HLI) reported a significant increase in revenues, reaching $605 million, up 18% from the same quarter last year.
- Adjusted earnings per share saw a substantial rise of 75% compared to the previous year, indicating strong financial performance.
- The Corporate Finance division achieved a 21% revenue increase, showcasing robust growth despite muted activity from financial sponsors.
- The Financial Restructuring segment experienced a 9% revenue increase, supported by higher interest rates and macroeconomic uncertainty.
- The company successfully hosted the inaugural Houlihan Lokey One Conference, enhancing its global presence and client engagement.
- The financial sponsor community's activity remains muted, which could impact future growth in the Corporate Finance division.
- Non-compensation expenses increased significantly due to the Houlihan Lokey One Conference, affecting overall expense management.
- The EMEA region's performance lags behind the US, with expectations of continued slower growth in the near term.
- The adjusted effective tax rate was negative due to policy changes, which could complicate future tax planning.
- The market environment remains volatile and uncertain, posing potential risks to sustained growth and client activity.
Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Houlihan Lokey fiscal first-quarter 2026 earnings conference call. (Operator Instructions) Please note that this conference call is being recorded today, July 29, 2025.
I will now turn the call over to the company. Please go ahead.
Thank you, operator, and hello, everyone. By now, everyone should have access to our first-quarter fiscal year 2026 earnings release, which can be found on the Houlihan Lokey website, at www.hl.com in the Investor Relations section.
Before we begin our formal remarks, we need to remind everyone that the discussion today will include forward-looking statements. These forward-looking statements, which are usually identified by use of words such as will, expect, anticipate, should, or other similar phrases, are not guarantees for future performance. These statements are subject to numerous risks and uncertainties that
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