Moelis ( (MC) ) has released its Q4 earnings. Here is a breakdown of the information Moelis presented to its investors.
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Moelis & Company is a global independent investment bank providing strategic advice and solutions across various industry sectors. Known for its comprehensive financial advisory services, the firm operates in major markets worldwide.
Moelis & Company has reported significant financial growth for the fourth quarter and full year of 2024, highlighted by substantial revenue increases and a boosted quarterly dividend. The company has successfully executed its growth strategy through key promotions and strategic hires.
The firm achieved fourth-quarter revenues of $438.7 million, a 104% increase from the previous year, and full-year adjusted revenues of $1,201.5 million, marking a 40% rise. It reported a GAAP net income of $1.15 per share for the fourth quarter and $1.78 per share for the full year, with adjusted net income slightly higher. The company’s robust balance sheet, featuring $560.4 million in cash and no debt, underscores its financial stability.
Strategically, Moelis & Company has strengthened its leadership by promoting advisory professionals and hiring a Global Head of Private Funds Advisory. These moves are part of its ongoing commitment to growth and client service enhancement.
Looking ahead, Moelis & Company is well-positioned to continue its momentum into 2025, focusing on delivering value to its clients and shareholders. The firm’s management remains optimistic about capitalizing on future opportunities in the financial advisory sector.
