Houlihan Lokey Q1 Earnings Call Highlights

Impact · against what's priced in

HLI faces short-term headwinds as a 24% drop in Corporate Finance revenue confirms mid-market M&A stagnation, though record backlogs suggest a timing delay rather than a structural collapse. MORN sees negligible immediate impact from a new CLO benchmark partnership that is framed as a long-term strategic step.

HLI−0.20

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In context

Corporate Finance revenue fell 24% due to extended timelines and lower average fees, though record backlog and a strong Financial Restructuring outlook through 2027 provide a hedge against mid-market softness.

Read from the article alone

• inflation▲10%
• m and a
• ai
• geopolitics
• earnings
• HLI
• MORN
• investment banking
• mid market
• private credit