Moelis & Company (MC) Tops Q4 EPS by 13c, Revenues Beat
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Moelis & Company Reports Fourth Quarter and Full Year 2019 Financial Results; Declares Special Dividend of $0.75 Per Share and Increases Regular Quarterly Dividend to $0.51 Per Share
February 5, 2020 4:15 PM ESTFourth quarter revenues of $223.5 million, down 6% from a record fourth quarter of 2018; annual revenues of $746.5 million, down 16% from the prior year GAAP net income of $0.38 per share (diluted) for the fourth quarter and $1.89 per share (diluted) for the full year of 2019; Adjusted net income of $0.38 per share (diluted) for the fourth quarter and $1.96 per share (diluted) for the full year of 2019 Continued to execute on organic growth strategy
      Added 11 Managing Directors in 2019 through internal promotion and key hires; added sector capabilities in data science, fintech, specialty finance, oil & gas, and... More
