Moelis Posts Record $409 Million Q2 Revenue as Announced Pipeline Jumps More Than 80%
Updated
Updated · Yahoo Finance · Jul 30
Moelis Posts Record $409 Million Q2 Revenue as Announced Pipeline Jumps More Than 80%
3 articles · Updated · Yahoo Finance · Jul 30
Summary
$409 million in second-quarter revenue and $729 million in first-half revenue marked record results for Moelis, up 12% and 9% from a year earlier.
Higher average fees on completed deals and stronger capital markets and private capital advisory revenue drove the gains, offsetting weaker capital structure advisory results.
An announced pipeline more than 80% above last year and improving financing conditions point to stronger second-half activity, with management citing larger-cap client opportunities, IPO potential and private-market advisory growth.
Profitability also improved, with adjusted pretax margin rising to 18.6%, while Moelis returned about $246 million to shareholders and ended the quarter with $481 million in cash and no debt.