Moelis & Company (MC) Tops Q1 EPS by 11c, Revenues Beat
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Moelis & Company Reports First Quarter 2020 Financial Results; Quarterly Dividend of $0.255 Per Share
April 22, 2020 4:15 PM EDTFirst quarter revenues of $153.7 million, up 12% from the first quarter of 2019
GAAP net income of $0.44 per share (diluted) for the first quarter of 2020; Adjusted net income of $0.45 per share (diluted) for the first quarter, including an $0.18 per share tax benefit
Continued to execute on organic growth strategy
Added four Managing Directors in the U.S. since our last earnings release
New hires will further strengthen our client coverage in the consumer goods and oil & gas sectors, expand our private equity solutions group, and add capabilities in advising corporates on activist... More
