Houlihan Lokey, Inc. (NYSE:HLI) Q2 2023 Earnings Conference Call October 27, 2022 5:00 PM ET

Corporate Participants

Christopher Crain - General Counsel and Secretary

Scott Beiser - Chief Executive Officer

Lindsey Alley - Chief Financial Officer

Conference Call Participants

Ben Rubin - UBS

Brendan O'Brien - Wolfe Research

James Yaro - Goldman Sachs

Manan Gosalia - Morgan Stanley

Mike Brown - KBW

Michael Falco - JMP Securities

Ken Worthington - JPMorgan

Operator

Good day, ladies and gentlemen, and thank you for standing by. Welcome to Houlihan Lokey's Second 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, October 27, 2022.

I’d now like to hand the call over to Christopher Crain, Houlihan Lokey's General Counsel. Please go ahead.

Christopher Crain

Thank you, operator and hello everyone. By now, everyone should have access to our second 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 September 30, 2022 when it is filed with the SEC.

During today's call we will discuss non-GAAP financial measures, which we believe can be useful in evaluating the company's financial performance. These measures should not be considered in isolation or as a substitute for our financial results prepared in accordance with GAAP. A reconciliation of these measures to the most directly comparable GAAP measures is available in our earnings release and our investor presentation on the hl.com website.

Hosting the call today we have Scott Beiser, Houlihan Lokey's Chief Executive Officer; and Lindsey Alley, Chief Financial Officer of the company. They will provide some opening remarks and then we will open the call to questions.