Moelis & Company (MC) Tops Q4 EPS by 10c, Revenues Beat

Moelis & Company (NYSE: MC) reported Q4 EPS of $0.77, $0.10 better than the analyst estimate of $0.67. Revenue for the quarter came in at $238.3 million versus the consensus estimate of $224.54 million.

“Our record fourth quarter and full year 2018 results are a testament to the power of our differentiated business model, and the innovative and strategic advice we are providing to our clients. Through our continued focus on global connectivity, our best-in-class bankers delivered growth across all products during the year, with particular strength in M&A and Recapitalization & Restructuring. We continue to work on an increasing number of complex situations around the world as we deepen our investment in talent through hiring and internal development,” said Ken Moelis, Chairman and Chief Executive Officer.

“We achieved our third consecutive fiscal year of revenue and adjusted earnings per share growth organically and with no acquisitions. We have consistently delivered not only top line growth, but also earnings growth through our focus on cost discipline and our capital-light model, which has resulted in consistent and strong cash flow. We declared our second special dividend related to our 2018 performance and increased our regular quarterly dividend for the fourth time over the past three years. Coupled with increased levels of open market share repurchases in 2018, we returned record levels of capital to shareholders during the year, and as always, we will evaluate the best way to return all of our excess capital to shareholders.”

For earnings history and earnings-related data on Moelis & Company (MC) click here.

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