Moelis & Company (NYSE: MC) reported Q4 EPS of $0.38, $0.13 better than the analyst estimate of $0.25. Revenue for the quarter came in at $223.5 million versus the consensus estimate of $213.06 million.

“We continued our momentum from the third quarter into the fourth quarter, resulting in a strong second half of revenues. During 2019 we provided discreet and exceptional advice on some of the world’s most complex and largest transactions, and our restructuring franchise achieved record revenues, surpassing last year’s peak level of activity. We achieved an increase in our average fees earned per completed transaction for the fourth consecutive year, as our global platform continues to mature,” said Ken Moelis, Chairman and Chief Executive Officer.

“During 2019, Moelis & Company added 11 managing directors through internal promotion and key external hires, enhancing our capabilities in important products, regions and sectors. Our ability to attract, develop and retain best-in-class talent, has led to increased client dialogue versus the same time last year. By continuing to invest in our talent, we are well positioned to execute on increased levels of activity.”

“As part of our ongoing commitment in creating shareholder value, we increased our regular dividend for the seventh time, and announced our eighth special dividend. Coupled with record levels of share repurchases totaling 1.3 million shares, we will have returned approximately $225 million with respect to the 2019 performance year. We remain committed to returning our excess capital to shareholders, while continuing to invest in our business.”

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