Company: HLI
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001302215-25-000007
Chunk: 121

Company: HOULIHAN LOKEY, INC.
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 2
Chunk 121
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 contributions from our continuing operations by business segment. The revenues by segment represent each segment’s revenues, and the profit by segment represents profit for each segment before corporate expenses, other income, net, and income taxes.

Three Months Ended December 31,Nine Months Ended December 31,($ in thousands)20242023Change20242023ChangeRevenues by segmentCorporate Finance$421,602 $310,512 36 %$1,114,047 $819,247 36 %Financial Restructuring 130,942 128,565 2 %379,932 366,603 4 %Financial and Valuation Advisory81,884 72,053 14 %229,015 208,098 10 %Revenues$634,428 $511,130 24 %$1,722,994 $1,393,948 24 %Segment profit (1)Corporate Finance$131,552 $93,254 41 %$341,629 $245,393 39 %Financial Restructuring 44,212 43,284 2 %144,280 119,377 21 %Financial and Valuation Advisory23,337 14,332 63 %60,367 48,824 24 %Total segment profit 199,101 150,870 32 %546,276 413,594 32 %Corporate expenses (2)62,999 54,330 16 %183,937 153,430 20 %Other income, net(9,016)(6,035)49 %(18,741)(12,336)52 %Income before provision for income taxes$145,118 $102,575 41 %$381,080 $272,500 40 %Segment metricsNumber of Managing DirectorsCorporate Finance238 219 9 %238 219 9 %Financial Restructuring57 52 10 %57 52 10 %Financial and Valuation Advisory42 41 2 %42 41 2 %Number of closed transactions/Fee Events (3)Corporate Finance170 117 45 %417 329 27 %Financial Restructuring41 30 37 %107 91 18 %Financial and Valuation Advisory1,005 926 9 %1,804 1,704