Moelis & Co (N:MC)

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEC
Company Contact
Address: 399 Park Avenue, 5Th Floor
NEW YORK NY 10022
Tel: N/A
Website: https://www.moelis.com
IR: See website
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Key People
Kenneth D. Moelis
Chairman of the Board, Chief Executive Officer
Navid A. Mahmoodzadegan
Co-President, Co-Founder, Managing Director
Jeffrey Raich
Co-President, Co-Founder, Managing Director
Joseph Simon
Chief Financial Officer
Kate Pilcher Ciafone
Chief Operating Officer
Osamu R. Watanabe
General Counsel, Secretary
Eric Cantor
Managing Director
   
Business Overview
Moelis & Company is a global independent investment bank that provides strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across various industry sectors. It advises clients on their critical decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, capital markets transactions, private fund raisings and secondary transactions and other corporate finance matters. It has an M&A and strategic advisory franchise advising clients on mergers, acquisitions, sales and divestitures, special committee assignments and shareholder defense. For its clients seeking capital market solutions, it also acts as placement agent, advisor, or bookrunner on a range of capital raising mandates and provides general capital markets advice. It serves its clients from 23 locations.
Financial Overview
For the fiscal year ended 31 December 2023, Moelis & Co revenues decreased 13% to $854.7M. Net loss totaled $24.7M vs. income of $150.3M. Revenues reflect United States segment decrease of 13% to $675.7M, Europe segment decrease of 15% to $111.8M. Net loss reflects Compensation and benefits increase of 16% to $714.7M (expense), Professional fees increase of 56% to $32.8M (expense). Dividend per share remained flat at $2.40.
Employees: 1,161 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,854M as of Dec 31, 2023
Annual revenue (TTM): $854.75M as of Dec 31, 2023
EBITDA (TTM): -$32.04M as of Dec 31, 2023
Net annual income (TTM): -$24.70M as of Dec 31, 2023
Free cash flow (TTM): -$40.38M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 71,164,817 as of Feb 7, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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