Houlihan Lokey, Inc. (HLI) Q3 2023 Earnings Call Transcript

Houlihan Lokey, Inc. (NYSE:HLI) Q3 2023 Earnings Conference Call January 31, 2023 5:00 PM ET

Company Participants

Christopher Crain – General Counsel

Scott Beiser – Chief Executive Officer

Lindsey Alley – Chief Financial Officer

Conference Call Participants

Brennan Hawken – UBS

Manan Gosalia – Morgan Stanley

Devin Ryan – JMP Securities

James Yaro – Goldman Sachs

Steven Chubak – Wolfe Research

Ken Worthington – JPMorgan

Jim Mitchell – Seaport Global


Good day, ladies and gentlemen. Thank you for standing by. Welcome to Houlihan Lokey’s Third Quarter Fiscal Year 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. Please note that this conference call is being recorded today, January 31, 2023.

I will now turn the call over to Christopher Crain, Houlihan Lokey’s General Counsel.

Christopher Crain

Thank you, Operator, and hello, everyone. By now everyone should have access to our third quarter fiscal year 2023 earnings release, which can be found on the Houlihan Lokey website at www.hl.com in the Investor Relations section.

Before we begin our formal remarks, we need to remind everyone that the discussion today will include forward-looking statements. These forward-looking statements, which are usually identified by use of words such as will, expect, anticipate, should or other similar phrases are not guarantees of future performance.

These statements are subject to numerous risks and uncertainties that could cause actual results to differ materially from what we expect, and therefore, you should exercise caution when interpreting and relying on them.

We refer all of you to our recent SEC filings for a more detailed discussion of the risks that could impact our future operating results and financial condition. We encourage investors to review our regulatory filings, including the Form 10-Q, for the quarter ended December 31, 2022, when it

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