Moelis & Company (NYSE: MC) reported Q1 EPS of $0.45, $0.11 better than the analyst estimate of $0.34. Revenue for the quarter came in at $153.7 million versus the consensus estimate of $150.29 million.

“In the current unprecedented environment, the emphasis on balance sheets and business models are now at the forefront of conversations across all companies. However, for Moelis & Company, building and maintaining a fortress balance sheet has been at the core of our business since inception. As a result, I believe that we will emerge from this period of prolonged uncertainty even stronger than when we went into it,” said Ken Moelis Chairman and Chief Executive Officer.

“In addition to our strong financial position, we have built a resilient advisory business that is designed to perform in all economic cycles. We are currently seeing the benefits of our model in action, as we quickly pivot the platform and organize around our leading restructuring and recapitalization team. This has led to a significant increase in activity recently, and I feel confident about the contributions from this franchise over the longer term.”

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