The share vesting price in April and May 2020 was significantly higher as compared to the share vesting price over the same period in 2019. Services We guide clients through the complex financial and strategic challenges that they face during each stage of their business life cycle. 1 M&A advisor for the past five consecutive years in the U.S., the No. Salaries posted anonymously by Houlihan Lokey employees in New York City. A replay of the conference call will be available from July 28, 2020 through August 4, 2020, by dialing 1-844-512-2921 (domestic) or 1-412-317-6671 (international) and entering the passcode 13706571#. (Less)/plus: Impact of the excess tax benefit for stock vestingOperating lease right-of-use assetHoulihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. FR revenues increased 12% to $89 million for the first quarter ended June 30, 2020, compared with $79 million for the first quarter ended June 30, 2019. Revenues increased primarily due to an increase in the number of closed transactions and an increase in monthly retainer fees as a result of the increase in new engagements driven by the COVID-19 pandemic. Request Invitation. Continue to the external website, or A replay of the webcast will be archived and available on the Company’s website.Loans payable to former shareholders“The business environment continues to present many challenges, but also opportunities. The decrease in travel, meals, and entertainment expense was primarily driven by the firm’s current work-from-home policy implemented as a result of the COVID-19 pandemic.Weighted average shares of common stock outstanding:The adjusted items included in this earnings press release as calculated by the Company are not necessarily comparable to similarly titled measures reported by other companies. The events and circumstances reflected in our forward-looking statements may not be achieved or occur and actual results could differ materially from those projected in the forward-looking statements. The scale, scope and duration of the impact of the COVID-19 pandemic on our business, revenues and operating results is unpredictable and depends on many factors outside of our control. You should exercise caution in interpreting and relying on forward-looking statements because they involve known and unknown risks, uncertainties, and other factors (including the significant effect that the COVID-19 pandemic has had on our business and is expected to continue to have on our business) which are, in some cases, beyond the Company’s control and could materially affect actual results, performance, or achievements. Location: Lotte New York Palace Hotel, New York, NY. The decreases in GAAP and adjusted employee compensation and benefits expenses were primarily a result of a decrease in revenues for the quarter when compared with the same quarter last year.The aggregate of adjustments from employee compensation and benefits and non-compensation expenses.Total liabilities and stockholders' equity(Less)/plus: Acquisition related retention payments The decrease in GAAP and adjusted non-compensation expenses was primarily a result of a decrease in travel, meals, and entertainment expense and other operating expenses, partially offset by an increase in information technology expenses. For a further description of such factors, you should read the Company’s filings with the Securities and Exchange Commission. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. The dividend will be payable on September 15, 2020 to stockholders of record as of the close of business on September 2, 2020. LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Houlihan Lokey, Inc. (NYSE:HLI) (“Houlihan Lokey” or the “Company”) today reported financial results for … The adjusted provision for income taxes was $13 million, representing an adjusted effective tax rate of 25.3% for the first quarter ended June 30, 2020, compared with $18 million, representing an adjusted effective tax rate of 28.8% for the first quarter ended June 30, 2019.Adjusted provision for income taxesTravel, meals, and entertainmentThe COVID-19 pandemic has had a substantial negative effect on the global markets, and has created uncertainty, volatility and dislocation among a wide variety of sectors.
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